Facebook’s Billions Don’t Impress Some Analysts

Facebook looks to be on track to gross a reported $3.3 billion this year, and net $1 billion, doubling last year’s figures. The numbers were reportedly leaked by someone in Facebook, and the company won’t confirm them.

Still, the unofficial numbers lag some industry estimates that were calling for even more impressive growth. Research firm eMarketer projects Facebook will generate $4.27 billion in revenue this year.

EMarketer analyst Debra Aho Williamson said her forecast includes $427 million that Facebook was expected to generate from its virtual currency, which members use to buy goods and play games through the site.

Read the complete story on the New York Post.

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