Facebook targets $500m revenues 2009

A great article in today’s FT – click here.

Good news for Facebook… but the spectre of Twitter is haunting them… and Google isn’t even in the race.

The basics:

Mark Zuckerberg is founder and boss and still only 25 yrs old

Facebook expects annual revenues to break $500m (with $200m recent new investment, valuation of $10bill)

225m active users

09 annualised growth 125% (against Twitter 1318% – and Myspace 9%)

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Charlie’s Twitter status

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