Facebook Grows Exponentially

In a recent report by securities firm, Nyppex, it was mentioned that Facebook will end its year on a very high note. According to the report it was found that the social networking site’s value has increased by 56% in the last 6 months, and is now worth more than big companies such as eBay.com and Yahoo.com.

The past year seems to have been a good year for a number of social startup. Companies that have been experiencing huge growth in profits and users include Twitter, Groupon and Foursquare.

Despite the fact that the majority of social networking companies have experienced tremendous growth, none have come close to facebook. According to Nyppex, Facebook could now be worth as much as $41.2 billion and it is still continuing its exponential growth rate. The service already consists of more than half a billion registered users, the biggest service of its kind in the world.

The Nyppex report spoke about two online companies that did not experience any growth under the positive circumstances the year has offered. They were Zynga and LinkedIn. According to the report Zynga lost a large number of registered users, which was attributed mainly due to their new file sharing restrictions introduced.

Rumor has done the rounds earlier the year that Facebook may plan a public offering later in 2012. With this rate of growth, we can’t help but think that it may attract investors like no other company in history, should this materialize.

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