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Facebook documents show major profit margins

Facebook earned $355m income on revenues of $1.2bn in the first nine months of 2010, according to documents distributed by Goldman Sachs.
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Written by Jack Clark, Reporter on

Facebook earned $355m income on revenues of $1.2bn in the first nine months of 2010, according to documents distributed by Goldman Sachs.

The figure, according to an anonymous source who spoke to Reuters, came from documents relayed to Goldman Sachs's wealthy investors.

Goldman Sachs bought into Facebook at a valuation of $50bn (£32bn) with an investment of $450m at the beginning of January. Goldman's stake formed the brunt of a $500m investment, with the other $50m coming from Russian investment firm Digital Sky Technologies.

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