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Social media giant Facebook on track to earn over $2 billion in 2011

Fuel was recently thrown into the IPO fire when LinkedIn, an online social networking company, had an impressive IPO recently. Now talk of an initial public offering (IPO) for Facebook heated up when news came out that they were on track to earn over $2 billion this year.

Some investment reports claim that Facebook could be valued at $50 billion or even $100 billion or more, which would make Facebook bigger than Amazon.com. These huge numbers and LinkedIn's remarkable IPO are galvanizing investors and sending venture capitalists scrambling. Many hope this is the final indication that the economy is back on the upswing.

On the other hand, skeptics claim it is next to impossible to estimate the value of a company that makes very little information about its financials available to the general public. It is entirely possible that the higher estimates are way off, and Facebook's true value is somewhat lower.

Facebook is only seven years old, and its meteoric growth is thanks to a savvy business model that compels users to push their friends to sign up for an account so they can all keep in touch on-line. Now with over 600 million users world-wide, businesses and individuals are changing the way they interact with one another to make use of this new medium.

Learn more about social media marketing by checking out our library of articles and our social media blog, and request your copy of our free book "Secrets of Social Marketing for Attorneys REVEALED!" today!

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