Facebook has had one of the most exciting years in its history in 2010, presenting extraordinary opportunities alongside substantial challenges. As part of its growth, the Facebook ecosystem is now more diverse and complex than ever.

To further understanding of the key opportunities on Facebook today, we are proud to announce the latest edition of the Facebook Quarterly Business Review, Q2/Q3 2010, our detailed report tracking Facebook’s financial growth and corporate strategy.

The Facebook Quarterly Business Review examines all major business developments affecting Facebook from the beginning of Q2 2010 through now, and is only available through Inside Facebook Gold, our research and data membership service.

As we close the third quarter of 2010, Facebook is now rapidly bridging online identity, content distribution, and monetization. Social media is now driving more traffic than search to many publishers, while developers of virtual goods-based businesses are profitably leveraging social platforms to connect with hundreds of millions of direct-paying customers. All of this change is supporting (and supported by) Facebook’s own in-house advertising platform – the powerful monetization system that has enabled the company to announce that it had become “free cash flow positive” one year ago this month.

The purpose of the Facebook Quarterly Business Review is to provide readers with a detailed overview of every key aspect of and change affecting Facebook’s business since the close of the first quarter of 2010.

The Facebook Quarterly Business Review is available as a part of your membership to Inside Facebook Gold. To join Inside Facebook Gold, and download the Facebook Quarterly Business Review, click here.

The full table of contents is below: