Insider reveals Facebook's $3.5bn cash hoard
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Facebook is sitting on a massive $3.5bn in cash according to a well-placed mole's leaked figures, revealing that the social networking giant is earning considerably more money than first believed.
According to the internal figures that were leaked by Gawker, the social network had operating revenues of $2.5bn between January and September of this year. The company's assets currently sit at $5.6bn, including a frankly enormous $3.5bn in cash. Facebook also looks set to hit the $1bn mark in profits this year, with recorded figures of $714m between January and September. Clearly, Mark Zuckerberg's outfit is making considerable profits despite increased competition from the likes of Google.
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