Facebook, the social networking powerhouse turned its first profit in the second quarter of 2009, it announced Tuesday.
The profit is actually ahead of schedule: Though the company has been engrossing its users for years, it hadn’t planned on making money in 2010. Advertising Age notes that the most significant aspect of the news is that Facebook has accomplished its goal without “a fully developed advertising business.” The company is still tweaking how it advertises to its millions of users, and its virtual gifts products are still in the early stage.
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