In case you are like me and fascinated with the ongoing drama between Yahoo and Facebook, especially as it relates to how Yahoo is valuing the social networking powerhouse, check out some of these leaked documents, courtesy of Techcrunch. Our estimate for Facebook's '06 revenues appear to be right on, at approximately $50 million. Perhaps, what's most interesting are membership projections and revenue projections a few years out. By 2010, Yahoo projects that nearly one in every two young people will be a member of Facebook, that might be a tad aggressive. Also, by 2010, they expect Facebook to generate just under $1 billion in annual revenues, quite a jump from a projected $172 in 2007 revenues. Bottom line, we still remain strong believers of the power of the Facebook platform and brand, we just get nervous (probably because we aren't investment bankers or venture capitalists) when we see these kinds of numbers being thrown around).
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