Exclusive: Facebook revenue hits $1.6 bln in first-half: source

Reuters News
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Posted: Sep 07, 2011 11:24 AM

SAN FRANCISCO (Reuters) - Facebook's revenue rose to $1.6 billion in 2011's first half, a source with knowledge of its financials told Reuters.

Net income in the first half of 2011 came to almost $500 million, according to the source, who wished to remain anonymous because privately-held Facebook does not disclose its results.

(Editing by Edwin Chan)