Facebook Finance Info Q1-Q3 2010: $355 Million In Net Income, $1.2 Billion Revenues
This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry
In order to help determine whether to invest or not, Goldman Sachs provided their clients with financial information about Facebook. It turns out that Facebook made $355 million in net income with revenues of $1.2 billion during the first 9 months of 2010. Goldman provided hand-delivered copies of the 101 page private placement memo for the Facebook offering to some of their wealthier customers in New York today.
According to a Reuters source, Goldman clients also received a 6-page financial statement about Facebook. Goldman Sachs made a $450 million investment in Facebook at a $50 billion valuation recently. This document did not reveal how Facebook made $1.2 billion in revenues. Goldman Sachs clients that want to buy shares in Facebook can invest money into a Delaware entity called FBDC Investors LP.