Facebook to post $2 billion revenue this year

In 2010 the social networking giant Facebook will likely generate near $2 billion revenue which is more than earlier made forecast, according to the Bloomberg reports.

In 2009 Facebook reported revenue of around $800 million.

Previously 2010 revenue was forecast to be closer to $1.5 billion, which still would have been nearly double 2009 sales. It now appears Facebook will reach $2 billion in sales faster than Yahoo Inc and at almost the same pace as Google Inc, the Bloomberg report said.