• Facebook Finances Leaked

    Thursday, January 31st, 2008

    Erick Schonfeld is a technology journalist and the former Editor in Chief of TechCrunch. At TechCrunch, he oversaw the editorial content of the site, helped to program the Disrupt conferences and CrunchUps, produced TCTV shows, and wrote daily for the blog. He joined TechCrunch as Co-Editor in 2007, and helped take it from a popular blog to a thriving... → Learn More

    facebooklogo12.gifKara Swisher’s elves must have Mark Zuckerberg’s number. Because she is reporting details from an all-hands meeting the Facebook founder held on Thursday for employees that had an open dial-in number, in which he revealed the following financial metrics for the still-private company:

    2007 Revenues: $150 million

    2008 Revenues: $300 to $350 million (projected)

    2007 Headcount: 450

    2008 Headcount: 1,000 (projected)

    2008 Capital Expenditures: $200 million (i.e., servers)

    2008 EBITDA: $50 million

    2008 Cash Flow (EBITDA – CapEx): negative 150 million.

    If he wants to go public in 2009, he is going to have to start making some money before then.

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