Facebook set to double revenue

Steve Dinneen
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FACEBOOK’S full year revenues are set to double this year, reaching a staggering $4.3bn (£2.75bn), according to research by eMarketer.

The firm, which last week decided to delay its long-mooted IPO until late 2012, will take the majority of its revenues – $3.8bn – from advertising, with more than half of this in the US.

The news comes ahead of the F8 developers’ conference, in which the company is expected to launch a raft of new products.