View all newsletters
Receive our newsletter - data, insights and analysis delivered to you

Andreessen anticipates Facebook to make $500m revenue in 2009

Expects 70% growth this year

By CBR Staff Writer

Facebook board member Marc Andreessen stated in an interview with Reuters that he expects the company to generate revenue of $500m in 2009, and that in five years it could well be into billions.

If they pushed the throttle forward on monetisation they would be doing more than a billion this year, said Andreessen to Reuters. But he also opined that social sites like Facebook and Twitter should focus on retaining and growing user bases, at this point, instead of engaging much into money making.

Facebook CEO Mark Zuckerberg stated that Facebook has already suggested publicly that the company’s primary focus is expansion of its community and not figuring out revenue generation models.

Being in line with his statement, Facebook chose to experiment with engagement ads, as opposed to traditional display ads, embedded into its social-networking experience – which could be extended into Facebook Connect’s participating sites later.

Recognising the site’s growth, few IT companies have designed applications or sites that use Facebook within an enterprise context.

Andreessen said: Generally speaking, people who are selling their stock in Facebook now are making a mistake.

Content from our partners
Unlocking growth through hybrid cloud: 5 key takeaways
How businesses can safeguard themselves on the cyber frontline
How hackers’ tactics are evolving in an increasingly complex landscape


Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how New Statesman Media Group may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.