Facebook’s financials have been a topic of much speculation over the last couple of years, but finally some accurate figures have emerged. The social network generated $1.2 billion of revenues in the first nine months of 2010, and posted a net income of $355 million. The figures were revealed in a private placement memorandum distributed by Goldman Sachs to investors interested in chipping into its new funding round, which is valuing Facebook at $50 billion. The documents don’t break down where those revenues come from, although they’re a mixture of advertising and virtual item sales.Read more: http://tinyurl.com/3xec9dc

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