Brian Womack reports on Bloomberg that Facebook’s biggest advertisers boosted spending by at least 10 times in the past year and expects Facebook’s revenue to reach $1.4 billion in 2010.
Some advertisers’ spending even reached 20-fold according to Facebook Chief Operating officer Sheryl Sandberg.
So far, Facebook has been acquiring start-ups to increase it’s talent pool.
Vaughan Smith, Facebook director of corporate development, said he plans to hire another corporate development executive, adding to the one person helping him secure deals presently.
It is worth mentioning that Facebook took Bret Taylor, who was recently appointed CTO, under it’s wings after Facebook bought FriendFeed for $50 million a last year. Facebook also acquired Octazen, SahreGrove, and Hot Potato, to name a few, this year alone.
“As we get bigger and our platform gets more stable, I fully expect that we will be doing more significant acquisitions. This is working for us, and it’s working for the people that we’re acquiring,” Smith told Bloomberg reporter.
Smith also said that Facebook intends to keep up its acquisition pace and also start making bigger acquisitions in the near future, potentially those companies focusing on virtual currencies, mobile social networking, and start-ups that can further boost its advertising effort.
With half a billion users worldwide, acquiring more talents to carter to the needs of it users while tapping into its strong user base to generate more revenue, Facebook is certainly heading towards the right direction.
{ 9 comments… read them below or add one }
Hello,you can reach me on facebook login.I post a person profile picture in regard of who i am and what i do in my spare time.I like to encourage other on there personal feeling and what single mens like myself go through when dilling with life.If you need someone to chat with on a personal level, you can reach me on facebook login thank you.
I would like to apply for a job at Facebook.
Can you tell me where to send my resume and apply?
Thank you
Jamie
I would love to be part of the Facebook team. Are positions still open? Please e-mail me of any advailable openings. I can forward my resume upon request.
Thank you,
Vicki Brown
Look just stick it ive tried changing my password around no use so keep it the hardest site in the entire universe to join cnt be bothered anymore bet your all in the masons (SECRET SOCIETY)
CMON WHATS WRONG NEED A TRANSLATOR
HI! I WANT TO KNOW WHERE I CAN APPLY FOR A JOB WITH FACEBOOK TEAM.
THANKS,
I need a job that pay cash please
the company that I work is going to close in february and I need a job asp
Yes,I Would like to be a team player and grow with Facebook,I believe the growth of Facebook is (THE SKY IS THE LIMIT)!! Thank You,Sincerely Jimmy McCosker. 12-6-2010