Facebook Doubles First Half Revenue to $1.6 Billion!

Facebook's revenue doubled to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters, underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc. Facebook's revenue doubled to $1.6 billion in the first half of 2011, according to a source with knowledge of its financials. underscoring its appeal to advertisers while it grapples with intensifying competition from the likes of Google Inc.

From: Yahoo!