Facebook cashes in

FACEBOOK has reported a revenue of $700 million to $800 million in 2009.

Last month, Google released its list of the largest 1000 sites worldwide and Facebook had topped the list for most visited sites in April. Facebook had 540,000,000 unique visitors, reach of 35.2 per cent and 570,000,000,000 page views.

Last September, Facebook said it had become free cashflow positive, meaning that it was generating enough income to cover its operating expenses, as well as its capital spending needs.

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