Facebook Yearly Revenue Doubles to $800M

Further fueling hopes for a public share float and exceeding projections, Facebook’s revenue was as high as $800 million last year thanks to further growth in users and advertisers. The number more is more than double 2008 revenue. But the company insists it is not considering an IPO any time soon. Last year was the first time that the six-year-old social network with nearly half a billion users became what is known as free cash flow positive, meaning it was generating enough cash to cover its operating expenses and its capital spending.