venturebeat.com - 10/31/2008
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Updated
Is Facebook desperate for cash because its growth has caused costs to far outpace revenue , as TechCrunch suggests ? Not necessarily. Revenue will be in the hundreds of millions, and will greatly exceed the $150 million the company brought in last year, a source close the company ...
techcrunch.com - 10/31/2008
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techcrunch.com —
When Facebook raised $240 million from Microsoft in
2007, and another $235 million in debt and equity...
in 2008, everyone thought they had plenty of cash to get through their big growth phase. With that kind of cash, the company could hire as many ...
(more)
Facebook’s Growing Problem
aol.com - 10/30/2008
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aol.com —
Checking for Updates May take a few seconds...
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Welcome to AOL
AskDaveTaylor.com - 10/25/2008
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AskDaveTaylor.com —
Tech Support Buzz... Use the Amazon Associates Site
Stripe toolbar for easy affiliate product links Can I...
use LinkedIn Applications to connect my blog to my LinkedIn profile? Dave's Top Apple iPhone Applications Where is the Facebook "Notifications" ...
(more)
Free Tech Support from Ask Dave Taylor!
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Facebook: TechCrunch Dreaming, We Have Plenty of Cash
Silicon Alley Insider —
... Facebook responds through VentureBeat to TechCrunch's suggestion that Facebook has a growing cash problem that just sent CFO Gideon Yu scurrying to investors of last resort Dubai in search of more money. ...
Financial Situation Not Dire at Facebook
All Facebook —
... about Mike Arrington’s article suggesting Facebook is almost in dire straits. At the time I suggested that things may not really be that bad and based on most reports, they aren’t. This afternoon Facebook contacted Venturebeat with a comment on the story: ...
Facebook scores SEC exemption
Between the Lines —
... necessary because the only ones receiving the equity are insiders and they aren’t paying for it. The SEC agreed. The exemption gives Facebook quite a bit of flexibility as it continues on its track to grow the site. CEO Mark Zuckerberg has said that the focus is on growth , not a revenue strategy. The company was injected with a $240 million investment by Microsoft last year and, despite reports in TechCrunch that the company may soon need cash , the company has said it ’s financially stable.
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