Facebook ≠ Skype
Given that Ben Brooks writes regularly about tech topics, and that he usually makes astute observations, I was quite surprised to read his reaction to the rumor that Microsoft will be acquiring Skype for at least $7 billion:
It’s the same problem that Facebook and Twitter face — massive user base with no idea how to profit from it.
Such a bold statement, yet so wrong. It took me less than a minute to find this key paragraph in a New York Times DealBook article from January:
Last year, Facebook recorded revenue of approximately $2 billion, with roughly $400 million in profit, according to people briefed on the company’s results. That is up from $220 million in earnings on $770 million in sales in 2009.
Here are more Google search results, Ben.
