SoshiTech.com is our Social Media source for understanding the trends and the financial rewards that this innovative social business offers called “Social Media” in our “networked economy”. When you continue to read you must take time out to view the video. It provides and education on companies and their rankings. Enjoy! Thanks John http://soshitech.com/2012/02/23/where-does-facebook-make-their-money/
Facebook’s main source of revenue is online advertising, which means the performance market share is watched closely for overall growth. Although advertising is the ‘big ticket’ for Facebook; it is still relatively small when compared to the large-scale advertising market.
Facebook had something close to three percent market share of global advertising spending two years ago, which is just double of two thousand and nine. Last year we see Facebook advertising revenue jump to just under two billion dollars in the United States, Google came close in second place.
Both Google and Facebook had been on the fast track to beat out Yahoo, the former ‘big kid on the block.’ This year, Facebook is predicted to earn over two and a half billion dollars in revenue.
Please keep in mind these numbers are simply estimates. The Facebook Ad Market is said to have jumped more than six percent in just…
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