Facebook Is Growing, But So Are Costs

TECH CRUNCH -- Oct 31 -- A year ago, according to Comscore, they had just 74m unique monthly visitors and 35 billion page views. Today those numbers have grown by 118% and 74%, respectively, to 161m unique visitors and 61 billion page views per month. It costs a couple of hundred million dollars a year just to keep the lights on at Facebook. But the real problem is keeping up with growth, particularly storage needs. eMarketer estimates $265m in revenue for Facebook in 2008 but the company is still losing money. A big chunk, probably a majority, of the roughly $500m the company has raised is already gone. Facebook could be down to just a year's worth of cash at this point, with no IPO horizon in sight. Sources have told us that Facebook CFO Gideon Yu was in Dubai this week, possibly meeting with Dubai International Capital, exploring fundraising options. FULL ARTICLE @ TECH CRUNCH

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