Facebook finances revealed before 2012 IPO

By : |December 16, 2011 0

BANGALORE, INDIA: Social networking giant Facebook is really rich, richer than we thought.

The company owned by Mark Zuckerberg had operating revenues of $2.5 billion and assets of $5.6 billion, according to figures leaked to Gawker, an American online media.

Facebook is sitting on a $3.5 billion cash hoard, according to the leaked figures, and is making far more money than had previously been estimated.

                                 

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According to the internal figures leaked to Gawker, the social network had operating revenues of $2.5 billion between January and September this year. The company has assets of $5.6 billion, including $3.5 billion in cash, and made a net profit of $714 million.

The company is expected to file its IPO in 2012.

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