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Shocker: Facebook makes pile of money

'Accept certain inalienable truths: prices will rise; politicians will philander; you too will get old. And when you do, you'll fantasize that when you were young, prices were reasonable, politicians were noble, and children respected their elders.'

We reckon another inalienable truth can be added to that list: Facebook will make more money every year than the year before. It certainly seems to be going that way at the moment. This year, it seems they're on course to double last year's profits.

According to the latest reports, Facebook's revenue in the first half of 2011 were a massive $1.6 billion (£1bn), with a net profit of $500m (£312m). That's almost as many profits as in the first nine months of last year. Our brain went a bit squiffy at this point but according to TechRadar, 'With a bit of mathematical finagling and a touch of guess work, it can be reasonably assumed that Facebook was able to double both income and net income in that time.'

Google+? What Google+?

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