Well, if you with the power of deduction that the analysts possess, then you definitely would want to believe the latest financial prediction for the social networking behemoth, Facebook, where in the company is now said to be rolling towards a $1 billion revenue mark, for the year 2010. as compared to the year 2009, where Facebook grabbed $700 million, for this year the forecasts suggest that, the revenue for the company will again rise more than double and reach a billion dollars.

The annual revenues for Facebook have been doubling consistently, as the company rose to $300 million for the year 2008, jumping from $150 million for 2007. One of the primary factors for this incredible run has been the extremely well placed advertisements on the Facebook pages, along with numerous virtual applications, that have now exposed the importance and the growing popularity if virtual goods and virtual currencies. For the year 2009. a single social networking service such as Facebook, gathered $10 million with its Facebook Credits system that is still operating in the Beta mode.

With the continues monetary growth, Facebook has also been investing heavily in its expansion, with the new offices and branches being opened all across the United Stated and beyond. Facebook is also known to be entering into highly lucrative agreements with regional advertisers, outside the U.S, thus adding more and more traffic to its statistics. Still, officially, Facebook has declined to comment on this topic and has kept the details and any official figures to itself.

According to Facebook,

“Facebook is a private company, and we do not publicly disclose our financial results. We understand there is a great deal of interest and curiosity in our past and potential financial performance. However, external attempts to forecast revenue are fundamentally speculative and should be treated as such. We’re focused on building our business to be successful over the long-term.”

Via Inside Facebook