Facebook’s Revenue For This Year Is Well Over $100 Million

By Amit Chowdhry ● Jul 13, 2007

Facebook is quickly becoming more and more mainstream every day. And analysts and bloggers are speculating whether the company will go public due to a new financial-related job that was added to its list of jobs for the first time.

Facebook’s growth is repeatedly being compared to the Google. And there is speculation that Microsoft is considering offering Facebook more than $5 billion for an acquisition recently.

Today at the Fortune iMeme conference in San Francisco, Calif. Jim Breyer of Accel Partners discussed Facebook’s future. More specifically, a question that was asked to Breyer was “What would be one example of catalyst where you and Mark would say we should sell the company?”

To which Breyer replied: “The company will do well over $100 million in revenue, and profitable, and significant EBITDA positive this year. Right now our job is to build out the company as significantly as possible. In our case, sold best companies too early…sold Perabit to various networking companies, a series of our networking companies that today would have been possible IPO candidates.”

There you have it, folks. Straight from the mouth of a Facebook Board member and investor. Facebook would be interested in going IPO, but if the price is right, Facebook would hand over the keys.

[Sources: paidContent/Barrons]