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Facebook Growth Very Good
May 3, 2011 by Mike
Filed under Around The Net
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Facebook Inc’s business is growing faster than forecast several months ago and the social media company is on track to surpass $2 billion in earnings before interest, taxes, depreciation and amortization in 2011, according to a story in The Wall Street Journal.
Facebook’s growth is above the growth projections that circulated when Goldman Sachs and Digital Sky Technologies invested in the closely held Internet company, the newspaper said in its online edition.
The newspaper did not indicate by how much Facebook may exceed those original expectations.