Facebook is reportedly on track to earn more than $2billion in 2011, far exceeding forecasts made last year.
The Wall Street Journal, citing people who have seen Facebook’s recent financial information, reports that the company is likely to earn more than $2billion in 2011, raising the possibility of it going public in spring 2012.
The valuation would make Facebook one of the largest technology companies in the world, overtaking giants like online retailer Amazon. While Facebook has said it is still awhile away from going public, the company has been boosting revenue through a number of different initiatives, and the investment with Goldman Sachs earlier this year has put it on track for a public offering.
The social networking giant declines to comment.