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July 26, 2012

Facebook releases it’s first earning’s as a public company

Facebook is a huge part of most peoples life’s these days so I figured you would like to know how much money they generate from your daily nosey.

This is the first time Facebook has posted earning’s as a public company and for Q2 of 2012 it earned a staggering $1.18billion in revenue which is up 32% year-over-year and clearly better than expected. So where does all this money come from as Facebook is free right? Not surprisingly 84% of Facebook’s revenue comes from advertising. this has left me wondering why shares in Facebook are so low? They also gave us some more facts in the report which includes that Facebook now has 955 million active users every month which is a lot of nosey people an is also up 29% year-over-year.

If you want the full rundown hit up the source link for the full report.

Source – Facebook

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Ryan Oneill

Editor In Chief

BeginnersTech was an idea I had one Sunday when I was bored. It is now not only a website but a successful YouTube channel that takes me all over the world. Don’t ever let anyone discourage you. Chase those dreams.