Marc Andreessen, a well-known internet entrepreneur Photo: REUTERSMr Andreessen, a Facebook board member, said the social networking site would earn more than a billion this year if it was to push harder on selling advertising.
The Silicon Valley entrepreneur who joined the board last July, said that it was important for Facebook to retain and grow its user base.
He said: "This calendar year they'll do over $500m. If they pushed the throttle forward on monetisation they would be doing more than a billion this year.
"There's every reason to expect in my view that the thing can be doing billions in revenue five years from now," he told Reuters.
Mr Andreessen added that although Twitter, the microblogging service, was not making any money at present, it was important for it to grow its user base and market share, just like Facebook.
Takeover talks between Facebook and Twitter broke down earlier this year, because neither company could agree on a price for the deal, or the future structure of the company according to Peter Thiel, a director at Facebook and a key player in the discussions.
It is believed that Facebook offered around $500m in stock to Twitter, but its negotiation team questioned Facebook's valuation of its shares.
Source: http://www.telegraph.co.uk/scienceandtechnology/technology/facebook/5768389/Facebook-to-earn-over-500m-in-2009.html
No comments:
Post a Comment