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Home  >  Austin Accountants  >  Facebook Inc. releases unaudited financial reports

Facebook Inc. releases unaudited financial reports

Posted on Wednesday, February 16th, 2011 at 5:34 pm.

Facebook Inc., announced unaudited financial results to prospective investors posting a $350 million profit on a $1.2 billion revenue in the first nine months of the previous year.

Marketwatch reported that Facebook  had an 180 percent jump in revenue between 2009 and 2010. Facebook opened an office in Austin last year and is based out of Palo Alto, Calif.

Some have said that these numbers have a a strong comparison to where Google Inc. was at a similar stage.

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