Facebook projects $300mm and other financials

As reported by Kara Swisher on All Things Digital, Mark Zuckerberg (who I have previously ripped on for his lacking CEO skills) made public inportant financial data on Facebook.  In an open call, Zuckerberg reported $150 million in 2007 revenues and projects $300 to $350 million in 2008.  2008 EBITDA is projected at $50 million with a $150 million cashflow in the red.

For all the hype and superinflated valuation, Facebook isn’t even projected to break even next year!

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This entry was posted on February 1, 2008 at 9:27 am and is filed under Startups and Entrepreneurs. Tagged: , , , . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

One Response to “Facebook projects $300mm and other financials”

  1. Facebook » Facebook projects $300mm and other financials Says:
    February 1, 2008 at 10:33 am

    [...] Josh wrote an interesting post today on Facebook projects $300mm and other financialsHere’s a quick excerptAs reported by Kara Swisher on All Things Digital, Mark Zuckerberg (who I have previously ripped on for his lacking CEO skills) made public inportant financial data on Facebook. In an open call, Zuckerberg reported $150 million in 2007 … [...]

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