Facebook Gets Ready For Possible 2012 IPO
Posted on Fri Jan 7, 2011 11:28 AM PDT

facebook200.jpgNEW YORK, New York (X17online) - Facebook announced it will begin disclosing financial results by April of 2012, after a Goldman Sachs document revealed the company’s financials, showing a $355 million profit on $1.2 billion in revenue for the first nine months of 2010, the New York Times reports.

Goldman Sachs sent the document to potential investors which stated the social network's plans to increase the number of shareholders above 500. This would trigger the need to report financials. CEO Mark Zuckerberg has reportedly been wary of an IPO, but investor interest in the company has been strong.

The Wall Street Journal says the full-year 2010 revenue will likely reached $1.9 billion-$2 billion.

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