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Facebook reportedly raked in $1.86B in 2010

January 18, 2011 12:00:00 AM PST
The social networking site Facebook made $1.86 billion from advertising in 2010, reported eMarketer, a business information service site.

In December, several reports said Facebook was on track to reach the $2 billion revenue mark in 2010.

Analysts say given the new report on ad revenue, it is possible that Facebook's total earnings exceeded $2 billion.

Facebook has not commented on the numbers. The company is privately held and does not publicly report financial data.