Tuesday, January 4, 2011

Zuckerberg Smiling To The Bank!

Yesterday it was reported that Mark Zuckerberg's billion dollar baby, social networking site Facebook now has a paper valuation of $50 billion based on an investment infusion of $500 million. Zuckerberg's expected to take Facebook public next year which should put in direct competition with Google in terms of valuation.

Zuckerberg is only 26, and easily living the American dream. As of right now, Facebook generates revenue of about $2 billion annually. It will be interesting to see what steps it takes in the future to keep the revenue numbers rising.