Facebook and Social Startups Meme.

$1 Billion revenue or a $4 Billion evaluation, all are a thing of past as new rumors break out of Facebook expected to generate around $2 Billion for 2010. If I am not wrong and if this by any means is true Facebook has more than doubled its revenue it generated in 2009. That is phenomenal, but not unexpected at least for me.

The social network has more than 500 million users and that continues to grow as more people fall prey to the intricate web of this platform. We have seen how Mark Zuckerberg and his team has taken Facebook from being a social place to a booming business with some bright strategy. Facebook’s virtual currency, advertizing, etc has had a gargantuan impact on the business of the network itself. For any business or advertiser it is a haven serving over 50 billion ads a month and that number is expected to reach a trillion by the year’s end.

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