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April 24, 2012 02:42 am GMT
Facebook makes an average of $1.21 on you per quarter, depending on who you are and where you live according to documents filed today. Most of that goes towards running the site, as Facebook's net income from January 1st to March 31st this year was just $205 million despite its total revenue of $1.058 billion. So while you are "the product" on Facebook, just like on any website or physical venue that makes money through advertising, don't expect a check in the mail.And thanks to your contribution, Facebook now values itself at $71.97 billion dollars. That's based on what it paid for Instagram, which could end up being way more than $1 billion.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xF-0NL6NTU4/
You Earn Facebook An Average Of $1.21 Per Quarter
Facebook makes an average of $1.21 on you per quarter, depending on who you are and where you live according to documents filed today. Most of that goes towards running the site, as Facebook's net income from January 1st to March 31st this year was just $205 million despite its total revenue of $1.058 billion. So while you are "the product" on Facebook, just like on any website or physical venue that makes money through advertising, don't expect a check in the mail.And thanks to your contribution, Facebook now values itself at $71.97 billion dollars. That's based on what it paid for Instagram, which could end up being way more than $1 billion.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/xF-0NL6NTU4/
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