Yahoo celebrated its 15 year anniversary yesterday and Yahoo CEO Carol Bartz decided that it would be the perfect time to take a swipe Facebook.
When asked why Yahoo wasn’t as hot as Facebook, she replied: "Facebook? What’s their revenue?"
Oh no she didn’t!
Well, as if on cue, Inside Facebook comes up with some compelling calculations that suggest Facebook will hit $1.1 billion 2010.
First, their calculations for 2009–keep in mind these are simply guestimates.
Then, estimating revenues for ads, partnerships, virtual goods, and such, they come up with their 2010 prediction:
A wide variety of sources we spoke to expect Facebook to pass $1 billion in revenue this year, possibly reaching $1.1 billion. This is significant growth, but likely still the start of the hockey stick.