Facebook 'profits double' in first half of 2011

[socrates]

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. lol Facebook 'profits double' in first half of 2011 | News | TechRadar UK

 

[thetechfreak]

Well not surprising. More and more people are joining so obviously more and more earnings

 

[socrates]

lol I think you missed out the quotes on the words 'profits double'

 

[d6bmg]

Well, this news is not surprising at all, to me. More & more people joining Facebook, hence, increasing their profit. But this also means that the famous and hyped google+ project is a fail despite their invitation policy.

 

[socrates]

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. lol Facebook 'profits double' in first half of 2011 | News | TechRadar UK

I think some people have missed the point in the above comment 'mathematical finagling' means creative accounting

 

[d6bmg]

^^ Explain creative accounting.