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Facebook covering costs

Facebook covering costs

16/09/09 21:41 CET

corporate

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Social networking website Facebook says it made enough money to cover its operating expenses in the last quarter.

Some analysts said that shows it is financially viable after its underlying business model was questioned. The five year old web site has tripled in size in the past year jumped from one hundred million to three hundred million users. However doubters point out its rival MySpace made money in the past but now is laying off staff.More about: ,

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