Facebook is hurtling towards a net income for 2011 of a stunning US$1bn, depending, of course, if it can reach US$4bn in revenues.
Figures leaked by Facebook sources and reported last night by Gawker’s Ryan Tate show that between January and September this year, Facebook racked up revenues of US$2.5bn and a net income of US$714m.
The social networking giant is expected to IPO early next year with the potential to raise US$10bn based on its US$100bn valuation.
According to the figures, Facebook by the end of September had assets of US$5.6bn and US$3.5bn of cash in the bank.
It had an operating cashflow of US$1bn and shareholders equity stands at US$4.5bn.
Who owns what at Facebook
Employees of Facebook hold 30pc in the company while founder Mark Zuckerberg holds 24pc of the company’s stock.
Other investors include Digital Sky Technologies (10pc), Accel Partners (8pc), Dustin Moskowitz (6pc), Eduardo Saverin (5pc), Sean Parker (4pc), Goldman Sachs clients (3pc), Microsoft (1.3pc), Peter Thiel (3pc), Greylock Partners (1.4pc), Meritech Capital Partners (1.6pc), Chris Hughes (1pc), Li Ka-shing (0.75pc), Interpublic Group (0.5pc) and Goldman Sachs (0.8pc).