Facebook FY 2011-2012 Revenue to Cross $3 billion

Facebook, which accounted for nearly one-third of all Internet display advertisement impressions in the United States in June, reported a revenue of $1.6 billion in FY 2011-2012 first half. Net income in the first half came to almost $500 million.

Facebook earned $355 million in net income in the first nine months of 2010 on revenue of $1.2 billion, according to documents that Goldman Sachs provided to clients during a share offering this year.

 

GSV buys stake in Facebook

Investment fund GSV Capital Corp has taken a small stake in Facebook that values the world's No. 1 social networking site at about $70 billion.

The investment fund bought 225,000 shares in Facebook at an average price of $29.28 per share.

Facebook has roughly 2.4 billion outstanding shares, according to the latest data from secondary market company Sharepost.

Facebook executives have said it is inevitable that they will take the company public but have not specified a date.

At $70 billion, Facebook would be valued slightly below Amazon.com Inc, Cisco Systems Inc or Hewlett-Packard Co.

Can internet bubble happen again?

Why not?, history repeats itself and we at InvestorZclub believe that the making of such bubble has already started. The buzz in the market suggest that Facebook valuation could be $100 Billion when its IPO is offered to public.

When Linked in got listed about 2 months back, it commanded a PE multiple of more than 1000 times (http://investorzclub.blogspot.com/2011/05/linkedin-get-listed-on-nyse-stock.html) on 2010 earnings.