Facebook Finances Leaked
Kara Swisher’s elves must have Mark Zuckerberg’s number. Because she is reporting details from an all-hands meeting the Facebook founder held on Thursday for employees that had an open dial-in number, in which he revealed the following financial metrics for the still-private company:
2007 Revenues: $150 million
2008 Revenues: $300 to $350 million (projected)
2007 Headcount: 450
2008 Headcount: 1,000 (projected)
2008 Capital Expenditures: $200 million (i.e., servers)
2008 EBITDA: $50 million
2008 Cash Flow (EBITDA - CapEx): negative 150 million.
If he wants to go public in 2009, he is going to have to start making some money before then.
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