Company was on target to bring in revenue of $500 million this yearPALO ALTO, California - Facebook's chief operating officer said the social networking company was targeting a bigger ad market than the search ad market that has made Google rich.
Sheryl Sandberg also told a group of high-tech specialists on Thursday that revenues were growing so fast at privately held Facebook that it turned cash positive recently, instead of in 2010 as predicted earlier this year.
A member of the board told Reuters the company was on target to bring in revenue of $500 million this year. Sandberg gave no numbers that would update that figure.
0 comments:
Post a Comment