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.

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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