You’ve come a looong way from the dorm room, Mark Zuckerberg. Reuters recently reported that Facebook’s revenue has doubled to $1.6 billion in the first half of this fiscal year. I’m guessing Zuckerberg has forgotten about those instant noodles a long time ago.
The figure is nearly double what Facebook made in the first half of 2010. Reuter’s source said that Facebook’s net income was approximately $500 million, which would put it on target to make $3.2 billion for the year, with a net income of $1 billion. Spare a few dimes, my friend?
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ReadWriteWeb speculates that a big portion of Facebook’s increase in revenue has come from a bigger share in advertising, though Facebook has started to diversify its investments. However, its projected growth rate at the moment would still fall short of expectations that the company would surpass $4 billion this year.
Meanwhile, there is still no hint on when Facebook will go public (you know, if it ever does). But why worry about that now when Marky Mark can kick back in his homey crib? Oh hey, that’s a nice ottoman. I can’t believe I haven’t noticed it before.
MORE: Mark Zuckerberg Is Filthy Stinking Rich Now
[via Reuters]
Erica Ho is a reporter at TIME. Find her on Twitter at @ericamho and Google+. You can also continue the discussion on TIME’s Facebook page and on Twitter at @TIME.