Facebook's Earnings Exposed

[cucaloco]

It looks like one of the Goldman investors leaked Facebook's earnings.

Goldman’s Leaked Memo to Rich Investors Exposes Facebook’s Actual Earnings -- Daily Intel

According to the document, Facebook earned $355 million in net income in the first nine months of 2010. Net earnings were a crucial detail left out of another leak, now confirmed by the document, that Facebook earned $1.2 billion in revenue during that same time period. In case you're keeping track, that means that $50 billion valuation is roughly 142 times what they earned (during those nine months).

 

[r3p1v]

I think I saw on the news somewhere that they were going to have over 500 investors and therefore would have to disclose their earnings anyway?

 

[cucaloco]

Next year... that is why they're thinking of going public.

 

[Greenfields]

Not surprised at the attempt to overvalued the company. The reason for this "leak" is what I'm interested in finding out.

 

[dsiomtw]

All I can say is I can't wait to short facebook stock!

 

[turncoat]

I thought it would be higher than that especially with the valuation.