Facebook’s 2009 revenue was almost 800 million, according to a report by Reuters. Facebook also turned part of that revenue into solid net profit. This revenue is higher than previous estimates of 500 million. “They are downplaying their performance…” stated one Reuters source.

If Facebook is heading towards an IPO, than they would be better to show giant growth rather than high numbers–only to have to contend with those numbers later. Also, the company needs to address privacy concerns with the public–and outline that it can build consumer trust moving forward rather than living in consumer trust murky black water.