Facebook’s registered UK division posted revenues of £15.3m back in 2010, up 54% on 2009, according to a recent news report. As a privately held company, Facebook does not officially disclose figures on its financial performance. However, figures obtained by Media Week from the UK Government’s registrar of companies, Companies House give an indication of Facebook’s soaring growth in Britain.
According to the ">filings, total sales and marketing activities at Facebook UK amounted to £15, 274,072, up from £10,084,225 in 2009. In addition, pre-tax profit for the company rose from £777,626, to £1,074,563 during 2010. Facebook also registered that it had 81 UK employees in 2010, up from 53 in 2009. Over half of its UK workforce (46) were sales staff. Globally, Facebook is predicted to double revenue this year to £2.72bn, according to market research firm eMarketer. The report suggests that firms are more than twice as likely to use Facebook than Twitter. On a global scale, ad revenue is expected to leap from an estimated £1.19bn last year to £2.42bn this year, eMarketer found. Facebook is expected to go public in the latter half of next year.
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