Read the full story here Web Link posted Wednesday, May 1, 2013, 4:09 PM
https://n2v.paloaltoonline.com/square/print/2013/05/01/facebook-revenue-profit-grow-in-first-quarter
Town Square
Facebook revenue, profit grow in first quarter
Original post made on May 1, 2013
Read the full story here Web Link posted Wednesday, May 1, 2013, 4:09 PM
Comments
Posted by Josh
a resident of Another Palo Alto neighborhood
on May 1, 2013 at 8:59 pm
a resident of Another Palo Alto neighborhood
on May 1, 2013 at 8:59 pm
I know they make most of their money from advertising, but I have never bought anything from any of the FB advertisers. Also, it seems that I'm looking at my FB less these days.
Posted by w
a resident of Charleston Meadows
on May 3, 2013 at 10:50 am
a resident of Charleston Meadows
on May 3, 2013 at 10:50 am
Wont last.
People are trying out the ads to see if they work and many are saying that they dont.
They do make money from new apps posting their download buttons. But this is a tiny market next to paid referrals etc on Google.
The company is fine, but just way overvalued. This level of revenue will not last. The market is wary. They will be even more wary when other companies do it better and the facebook fad passes, people may not erase their pages but dont update them so often which means that their data is obsolete.
