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Is Facebook Profitable?

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Started by Ahsen, Jun 19 2009 11:32 AM

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#1
Ahsen
Posted 19 June 2009 - 11:32 AM

Ahsen

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Hi,

I’m new in this forum and this is my first post.

While surfing I came across a discussion where some say Facebook is not profitable yet. How this can happen? According to them it sells stock to cover expenses. What do you think? Any idea?

#2
WingedPanther
Posted 19 June 2009 - 11:43 AM

WingedPanther

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Stock is not profit. Stock is selling a piece of the company for a right to any profits that may occur. You have to look at expenses vs revenues to find out if a company is profitable.
Programming is a branch of mathematics.
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#3
Guest_Jordan_*
Posted 19 June 2009 - 12:01 PM

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Moved to the correct forum. Please do not post general questions inside the Community Projects section. That section is for member projects only.

#4
xXHalfSliceXx
Posted 20 June 2009 - 09:33 PM

xXHalfSliceXx

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I'm not sure about actual numbers there. I just know he is so far the youngest self-made millionaire in the US.

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