What Social Network Hit the $2B in Revenue Mark in 5 Years?
If I were to tell you that I knew of a company that in four years went from $44M in revenue to over $1B would you take notice? Would you wonder how that achievement compared to other companies that hit the $1B mark at such a rapid clip? Would you think to yourself that this company, and the others that hit the $1B mark so fast, were viable businesses with market traction and a pretty bright future? The answer at the very least would be “probably”.
Look at the list of companies below. These are some of the companies that reached the $1B in revenue mark the fastest.
So what company went from $44M to over $1B in four years? A company that surpassed $2B the following year? The answer: Twitter.
People doubted Amazon as a viable business. They doubted Facebook as a viable advertising medium. They questioned the long term profitability prospects of Apple. Twitter is no different. There are some key things they need to improve upon but don’t count them out just yet!
Stay tuned for a new blog series where we take a very close look at the current state of social networking platforms such as Twitter, LinkedIn and Facebook. Subscribe to our updates (on the right side bar) and we’ll let you know when this new series launches.
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