"The IPO sold at $38 per share, generating $6.8 billion for Facebook
and $9.2 billion, collectively, for existing stockholders."
Facebook Is Going To Be Even More Annoying Now That It’s Public Facebook made a mere $1.21 per user last quarter. Sure. It has a ton of users, but that's a low number, not the kind of thing it's making up on volume. By comparison, Google earned $7.14. Both Google and Facebook are in the business of selling you to advertisers. And Facebook is going to need to get way better at it.
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