Facebook’s Revenue Doubles to $1.6 Billion in 2011’s First Half

September 8, 2011 4:44 am

We have spotted multiple facebook statistics before – we spotted this today:

“Facebook’s revenue doubled to $1.6 billion in 2011’s first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.

Net income in the first half of 2011 came to almost $500 million, according to the source, who wished to remain anonymous because privately-held Facebook does not disclose its results.”

Statistics Source: Reuters

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