How does facebook make money?

[chelseyy!]

Since you don't have to pay to join, and unlike myspace there are no ads, how does the facebook company get any profit?
or do they not make any money at all?

just been wondering.
thanks!

[asv]

From the apps.

[jrrvb12]

facebook makes a killing on ad revenue. Because they are now one of the most visited sites they can charge a boatload of money for ads. And lots of big companies do advertise with them. Also there are many sponsored groups like Apple, Southwest, Chase, etc. These companies paid money. Individuals can buy ads. They reportedly earn hundreds of millions in revenue in the past year...they were offered 1 billion from yahoo to be bought but they turned it down which is smart because they can certainly earn more than that. I for one wish I was a venture capitalist who invested money in the company in it's early days!

[jamie]

There are ads. On the left hand side they have ads. They make money from that. Also, people buy gifts and they receive from that.