Facebook’s revenue rolls down the hill; worth $4 billion | Startup Meme - Technology Startup and Latest Tech News

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Nov 13 2008

Facebook’s revenue rolls down the hill; worth $4 billion

Sardar Mohkim Khan 

image thumb165 Facebook’s revenue rolls down the hill; worth $4 billion

Looks like time has come that Facebook starts thinking about cashing in from private investors as its worth drops to $4 billion from $15 billion it earlier claimed. There have been rumors related to Facebook desperately trying to bag in some funding from the Sheikhs. According to Alley Insider Facebook is eagerly looking forward to negotiating a search and advertising deal as its yearly earnings fell to $265 million, quite short of the estimated $300 million it had dreamt of.

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