Facebook and Zuckerberg on the Top of Profitability

Facebook and Zuckerberg on the Top of Profitability

By Ruth • December 21, 2010

Facebook has surpassed the expected revenue for the year—reaching up to $2 Billion dollars for 2010. Mark Zuckerberg, regarded as times person of the year is truly making history in the social media age.

Everyone knows Facebook and definitely, no one would question its popularity. Posting pictures, everyday status, and communication with relatives as well as loved ones are the forefront usage of the social media network. But now, Facebook has engaged into the business and advertising giants.

Virtual gaming is one of Facebook’s profitable services. Zynga and their other partners are actually earning millions with their addictive social media games via virtual products. The private company doesn’t disclose their earnings on public but looking at the outer details provided by other entities gives us the idea of how Zuckerberg is a full time millionaire.

The data center lease is said to be $50 million annually which excludes about $1 million per megawatt per year of electricity. Additional data centers were built in Prineville Oregon amounting to $215 million, while $450 million for newer centers in Forest City, Rutherford County, Western Carolina.

Employees have gone from 300 in 2007 to 2,000 in 2009. Facebook employs the top-notched software engineers in the land and paying a base salary of $110, 050 for new software engineers.

Zuckerberg has 90 % approval rating from his employees which means a nice working environment and probably a number of employee benefits as well. Advertisements are the other source of profit for Facebook. An estimated 1.3 billion is generated by display ads.

No wonder Zuckerberg deserves the title as Times Person of The Year. The man didn’t only revolutionized the way we look at social media but introduced the mutual link between business processing, marketing and consumers anchored through the ever powerful social media domain—Facebook.

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Categories: Social Media, Social Media News
Tags: Facebook, Social Media News

About the Author

Ruth

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