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Facebook Expects $1.1bn Revenue, Not Afraid of Twitter Anymore

In an interview with Inside Facebook, CEO of the social network Mark Zuckerberg said the US$1.1 billion estimate for Facebook’s 2010 revenue is “not so far off in either direction”.

Zuckerberg added that while people “underestimate the value” of Facebook, they are “getting a better feel for it”. Analysts estimated Facebook’s 2009 revenue to be in the ballpark of US$800 million.

The interview also touched on how Zuckerberg “paid too much attention” to Twitter, adding that the micro-blogging service’s growth was “kind of unnatural”.

“Learning how you work with other companies is an interesting thing that I’ll hopefully figure out,” he said, referring to Twitter. “It was just interesting learning from watching them.”

One thing the young CEO did not envision was the popularity of gaming on the social network platform.

“I was surprised about games,” Zuckerberg said in the interview. “I don’t spend a lot of time playing games myself, but it’s really cool as a first proof example of an industry that’s getting completely disrupted by the whole social movement.”

The idea to Facebook Credits to work across all games was also defended by Zuckerberg: “having one store of [virtual currency] that you can use everywhere is both good for users and good for all the apps,” he said.

Read the full interview here.
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