All because of "users' time online" and "advertising dollars"?
Amplify’d from www.reuters.com
Facebook earned $355 million in net income in the first nine months of 2010, according to documents distributed by Goldman Sachs, a fraction of the online social network's $50 billion valuation.
According to the document, Facebook generated $1.2 billion in revenue in the first nine months of 2010.
Facebook, which was founded in a Harvard dorm room in 2004, has more than 500 million users and is challenging big Web businesses like Google Inc and Yahoo Inc for users' time online and for advertising dollars.
See this Amp at http://amplify.com/u/bkrhg
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