Facebook is Free Cash Flow Positive

By A Bisht

The important news is:        Facebook is making enough money to cover its costs ; as well as the capital spending needed to maintain its fast-growing service.

According to a blog post on the company site on 15 September 2009, Facebook has reached the goal, which is specifically called “Free cash flow positive”, in the most recently ended quarter. The company previously expected to reach the milestone in 2010.

Free Cash flow metric does not include any cash from private investment.

New developments on the Facebook front are:          Facebook unveiled a revamped search engine last month and is currently testing an online payment system.

Facebook has previously said that its revenue is expected to grow 70 percent this year. --------