Scott Adcox

Facebook “Definitely” Raising Capital This Year

eMarketer projects Facebook revenues of $230 million in 2009. Our sources say this is way low, and that Facebook will hit at least $300 million in 2009 revenues. But the costs of running this ginormous company are staggering. Facebook may be burning though $20 million or more per month, even on top of revenues

Google thinks they are worth $2B, andI think that may even be high. Mabye if Google owned it. Maybe.

If they were publicly traded (and I had money), I’d short FB.