FaceBook to Earn $1 Billion from Social Gaming This Year
Kevin Ryan, an entrepreneur and ex-CEO of DoubleClick, predicted that Facebook will generate approximatly $1 billion from its social gaming services this year. He arrived at the figure with the help of his brother Sean Ryan, who is the director of social gaming partnerships for FaceBook.
FaceBook however, as a private company, has no obligation to disclose such financial information and has refused to comment on the prediction. The company will be going public next year with a very high Initial Public Offering because its valuation has been predicted to be greater than $100 billion.