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The Social Network

Facebook to Gross $2 Billion

Its founder was announced as Time magazine's Person of the Year on Wednesday, but now Facebook has even better news: The company is expected to gross $2 billion this year, over twice its 2009 revenue. Facebook's 500 million users have made it an attractive destination for big-name advertisers like Coca-Cola, JPMorgan Chase, and Adidas. Facebook grossed $700 million to $800 million last year, and will surpass $2 billion at about the same pace as Google did in 2003.

December 16, 2010 5:48 AM