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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