Monday, December 28, 2009

Facebook to charge for service? Not true...

Does Facebook’s Business Plan Include Premium Memberships?

The world’s largest social network sometimes gets flack from bloggers and industry pundits for not having much of a business model. It’s true that for now, Facebook is more focused on growing its number of users – which passed 200 million this week – than its bottom line. But the company is generating revenue from advertising, as chief operating officer Sheryl Sandberg pointed out in her talks with BusinessWeek editor-in-chief Stephen Adler on Apr. 7:

There is a lot of like, “What is the business? What is your business model?” And it’s a really simple answer, which is that our business is advertising. We’re not waiting to find our business, but we found it and it’s actually working very well.

http://www.businessweek.com/the_thread/techbeat/archives/2009/04/does_facebooks.html

Thanks to Amy Allen for sharing this article.

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