Facebook 2009 Revenue Said to Be as High as $800 Million


Facebook Inc., the world’s most popular social-networking service, had revenue of $700 million to $800 million in 2009, topping earlier projections, according to a person familiar with the matter.

The company had expected to post at least $500 million in 2009 sales, Facebook director
Marc Andreessen said in July. The person who cited last year’s results declined to be identified because the numbers haven’t been public.

With more than 500 million users, Facebook has become a magnet for advertisers such as
Starbucks Corp. and Procter & Gamble Co. The Internet company last year doubled sales staff to cope with a rising tide of advertisers, which has more than quadrupled since 2009 began.

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