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Facebook won't deny it is sitting on huge mountain of cash

posted onDecember 16, 2011
by l33tdawg

Facebook has declined to comment on a report that suggested the dominant social network had already tucked away sales of $2.5bn for the first nine months of 2011.

Gawker, citing a "well-placed" source, claimed to have its hands on juicy financial details about the privately-held company that is expected to go public next year.

A Facebook spokeswoman told The Register "No comment, as it relates to revenue." If the numbers are accurate, then they paint a good picture of just how much money CEO and co-founder Mark Zuckerberg is sitting on right about now.

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