This one is really good to read. Facebook will be churning more than $710 Million in the year to come. Salute to Facebook and I hope it is able to make do with certain bit of revenue to actually head on toward profitability and move towards an IPO on solid grounds.
The social networking giant only recently passed the 350 Million user mark and with this prediction, the social network has one more feather to add to its hat. To be honest, it shouldn’t surprise anyone at all, the whole progress and the exponential rise in the last few months. Many would place bets on Twitter and actually consider it to be phenomenal enough, which is why Google signed up a deal [Google Friend Connect and Twitter], but with Twitter minting only air, I think Yahoo made a wise decision with signing a deal with Facebook.
It pushes me further ahead, there are so many reasons why Facebook has become so phenomenal. It would be a bit harsh to compare the two, Twitter is merely to share content, news, statuses in not more than 140 characters while Facebook is a world in itself. You have got a better socializing platform, it has more developers who successfully roll out addictive games[ahem Fishville, Farmville!], which ends up to making it ever more engaging and spending time on. What I think is this in near future, we will be left only with the biggest names in the Web 2.0 with the countless many working under them or collaborating with one of them in some manner.
But that is a whole different than what we are to report at this point. Kudos to Facebook and I bet many a investors can already hear their money shouting to be invested on Facebook.
Facebook may have better projections but they've also had more time. I think Twitter is hard at work to catch up on the revenue model, their partnership with Citysearch speaks to that.
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