Ad Sales On Facebook To Reach $1.3B In 2010

For a company that for quite some simply said it would discover a revenue model, Facebook will book $1.28 billion in ad revenue in 2010, compared to $665 million in ad revenue in 2009.

MySpace, on the other hand, will bring in just $347 million this year, down from over $400 million in 2009. MySpace might book just $297 million in 2011, according to eMarketer.

eMarketer: Ad Sales On Facebook To Reach $1.3B In 2010; MySpace Sales To Plummet