[ronin358]

Out of curiosity, did you actually read the article, or did you just comment on the title?

The article used facebook, which already has about $800m in revenue, as a starting point to discuss a major factor of success for social media. He had a good point.

edit/ In fact, his point could be applied very well to the recent Digg fiasco. If they had ranked "relevance to users" as high as "revenue maximization" then they may not have lost so many users.

[kevin_morrill]

Do you know how much of that $800 million is recurring income? They have >$100 million deals with both Google and Microsoft separately. From what I've heard their popularity with advertisers, their actual paying customer, is in the tank. They are also one of the costliest websites in the world to run.

[waterlesscloud]

Enough that they're telling people they're going to hit $2 Billion in revenue this year.

http://techcrunch.com/2010/09/01/facebook-will-hit-2-billion...