via readwriteweb.com
According to reports, Facebook has doubled its revenue in the first half of 2011. Reuters reports an undisclosed source that says the company made $1.6 billion in the first six months of this year, nearly double what it made in the same time in 2010. The largest portion of Facebook's revenue is believed to come from advertising, showing that the company has created a dynamic niche for itself on the Web that advertisers are beginning to flock to en masse.
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