Facebook earnings
The 2009 results are significantly higher than some of the figures that Facebook had suggested earlier in 2009, as well as analysts' estimates that have appeared in various media reports.
Last July, Facebook board member Marc Andreessen said the company was on track to surpass $500 million in annual revenue for 2009. And in September, Facebook said that it had become free cash flow positive, meaning that the company was generating enough cash to cover its operating expenses as well as its capital spending needs.
Estimates in various media reports had previously pegged the company's 2009 revenue at $550 million to $700 million.
Biting the hand that feeds IT
