Facebook is a plus
Following the results of the II quarter. For the first time in its history, Facebook showed a positive value of cash flow in 2009 Everything went for this, because the last couple of quarters had already noted the positive value of EBITDA .
It has been a long journey. It took five years to get the first profit of the Harvard students social network . The first half million dollars of investment came in June 2004, with this money young startup founder Mark Zuckerberg bought the domain name facebook.com for $ 200,000.
Facebook is the perfect example of an ever-unprofitable business that aims at exponential growth and lives entirely at the expense of investors. If you believe the leakage of financial data , Facebook brought losses of $ 3.63 million in its first year of operation, then losses only grew In 2008, despite positive EBITDA, the quarterly net loss rose to a huge $ 200 million, almost reached a billion dollars a year .
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Last year they bought 50,000 servers in the amount of $ 100 million and only paid about $ 1 million per month for electricity, despite the fact that they planned to get the first profit only in 2010 (de facto they succeeded earlier). Despite such huge operating expenses, absolutely no one doubted that Facebook would withdraw investments, and potential investors always lined up.
In the second quarter. 2009 Facebook base has grown to 300 million accounts.
It has been a long journey. It took five years to get the first profit of the Harvard students social network . The first half million dollars of investment came in June 2004, with this money young startup founder Mark Zuckerberg bought the domain name facebook.com for $ 200,000.
Facebook is the perfect example of an ever-unprofitable business that aims at exponential growth and lives entirely at the expense of investors. If you believe the leakage of financial data , Facebook brought losses of $ 3.63 million in its first year of operation, then losses only grew In 2008, despite positive EBITDA, the quarterly net loss rose to a huge $ 200 million, almost reached a billion dollars a year .
')
Last year they bought 50,000 servers in the amount of $ 100 million and only paid about $ 1 million per month for electricity, despite the fact that they planned to get the first profit only in 2010 (de facto they succeeded earlier). Despite such huge operating expenses, absolutely no one doubted that Facebook would withdraw investments, and potential investors always lined up.
In the second quarter. 2009 Facebook base has grown to 300 million accounts.
Source: https://habr.com/ru/post/69817/
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