September 16, 2009 at 12:19Facebook is a plus
According to the results of the II quarter. For the first time in its history, Facebook showed the positive value of cash flow in 2009 . Everything went to this, because for the last couple of quarters they already had a positive EBITDA .
It has been a long way. It took five years to get the first profit of the Harvard student social network . The first half a million dollars of investments came in June 2004, with the money the young startup founder Mark Zuckerberg bought the facebook.com domain name for $ 200,000.
Facebook is an ideal example of a forever unprofitable business that aims at exponential growth and lives solely at the expense of investors. If you believe the leak of financial data, in the first year of its operation, Facebook incurred losses of $ 3.63 million, then losses only grew. In 2008, despite positive EBITDA, the quarterly net loss grew to a huge $ 200 million, that is, almost reached a billion dollars a year.
Last year, they bought 50,000 servers worth $ 100 million and paid about $ 1 million per month for electricity alone, while they planned to get their first profit only in 2010 (de facto they managed earlier). Despite such huge running costs, absolutely no one doubted that Facebook would take back the investments, and potential investors always lined up.
In the second quarter In 2009, the Facebook base grew to 300 million accounts.
It has been a long way. It took five years to get the first profit of the Harvard student social network . The first half a million dollars of investments came in June 2004, with the money the young startup founder Mark Zuckerberg bought the facebook.com domain name for $ 200,000.
Facebook is an ideal example of a forever unprofitable business that aims at exponential growth and lives solely at the expense of investors. If you believe the leak of financial data, in the first year of its operation, Facebook incurred losses of $ 3.63 million, then losses only grew. In 2008, despite positive EBITDA, the quarterly net loss grew to a huge $ 200 million, that is, almost reached a billion dollars a year.
Last year, they bought 50,000 servers worth $ 100 million and paid about $ 1 million per month for electricity alone, while they planned to get their first profit only in 2010 (de facto they managed earlier). Despite such huge running costs, absolutely no one doubted that Facebook would take back the investments, and potential investors always lined up.
In the second quarter In 2009, the Facebook base grew to 300 million accounts.