Tuesday, March 31, 2009

Facebook Fires Finance Chief and Offers Some Numbers

http://bits.blogs.nytimes.com/2009/03/31/facebook-fires-finance-chief-and-offers-some-numbers/

"Regarding its financial state, Facebook said that in the quarter ending Tuesday, it beat its own internal projections and is on track to increase revenue by 70 percent this year."

I am NOT suprised at ALL. In this current economic climate, who ISN'T turning away from sports games, movie theatres, concerts and other forms of entertainment and using Facebook to fill their free time? The economy is in shambles and all people want to do is save money. Well -- Facebook is free and it's certainly entertaining and I am certainly not suprised that they are one of the few companies who has profitted from the current economic situation.

No comments:

Post a Comment