Zuckerberg shares Facebook financials at company meeting
Kara Swisher reports that Facebook CEO shared the company’s financial results for 2007 and outlook for 2008 at an all-hands meeting today (that included call-in access presumably for remote employees). The numbers:
- 2007 revenue came in at $150 million
- 2008 revenue is expected to be between $300-$350 million
- 2008 capex is expected to be $200 million
- 2008 EBITDA is expected to be about $50 million
In addition, he Zuckerberg predicted that Facebook should grow from 450 to 1000 employees in 2008. With over $300 million reportedly in the bank from recent investors Microsoft, Ling Ka-Shing, the Samwers, and others, Facebook should be in good shape to ramp up spend for at least the next couple years.