In a recent interview Facebook CEO Mark Zuckerberg revealed estimates that Facebook would make between $1 and $1.1 billion this year. In 2009 Facebook’s total revenue was reported to be $800 million. Some people believe that the $1.1 billion estimate may be too low, and that Zuckerberg is trying to keep their true earnings on the down-low.
From the interview:
The reason we corrected it last year is because it was hurting us. People thought it was too low. Now what I would say is that the estimates are not so far off in either direction that it’s causing us any pain, so we feel no need to correct it. Also, if it was too high, we would want to correct it too, because we don’t want expectations to be too high and we don’t want people to be disappointed if they joined. I think people are getting a better feel for it, but in general I think people underestimate the value of the whole thing.
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I am seeking long term investments with facebook! Need more information. Have a great week!