Facebook report 'reveals profits'

The strength of Facebook's profitability has been indicated in a document circulated on behalf of the social networking site.

Reports say the document, sent by Goldman Sachs to its clients, shows that Facebook made a net profit of $355m (£230m) on revenues of $1.2bn in the first nine months of 2010.

The paper also reportedly showed the firm is seeking to raise $1.5bn.

Editor's Comment
Closure as pain lingers

March 28 will go down as a day that Batswana will never forget because of the accident that occurred near Mmamatlakala in Limpopo, South Africa. The tragedy affected not only the grieving families but the nation at large. Batswana throughout the process stood behind the grieving families and the governments of Botswana and South Africa need much more than a pat on the back.Last Saturday was a day when family members said their last goodbyes to...

Have a Story? Send Us a tip
arrow up