The revenue of the world's number social networking site, facebook, doubled to $1.6 billion in the first half of 2011, an indication that the site remains the peoples' choice due to its consistency and innovations. This revelation was made by an insider source who craved anonymity because the company does not disclose its financial records as a private entity.
In a bid to have a piece of the action, arch rival and search engine leader, Google, launched its own a social networking site - Google+ - in June and it attracted more than 10 million users in its first two weeks. It is also believed that Yahoo is doing something in that light also, especially with the sacking of its CEO on Tuesday.
Whatever the case maybe, facebook still rules the social networking world, at least till this afternoon and, no doubt, it would remain that way for a long, long time... Facebook rocks!
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