Facebook's growth exceeds expectations: report (Reuters)
PHILADELPHIA (Reuters) – Facebook Inc's playing is ontogeny faster than forecast individual months past and the concern is on road to top $2 1000000000 in earnings before interest, taxes, depreciation and diminution in 2011, according to a inform in The Wall Street Journal.
Facebook's ontogeny is above the ontogeny expectations that circulated when nihilist Sachs and Digital Sky Technologies invested in the intimately held cyberspace company, the production said in its online edition.
The production did not feature by how such Facebook haw top expectations.
Goldman's and Digital Sky Technologies' investment was at a share toll that implied a $50 1000000000 appraisal for Facebook.
The Wall Street Journal said Facebook's profits were now ontogeny at a fast-enough rate to justify a appraisal of $100 1000000000 or more when it goes public.
Facebook is due to go open early incoming year.
The consort could not be immediately reached for comment.
(Reporting by Jessica Hall; Editing by Dhara Ranasinghe)
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