Facebook to earn $100billion when goes public

Facebooks profits were now growing at a fast-enough rate to justify a valuation of $100 billion or more when it goes public. The firm is on track to top $2 billion in earnings before interest, taxes, depreciation and amortization in 2011. Because Facebook is not a public company yet, valuations are currently based on purchases and sales of shares on sites that allow trading of private companies.Facebook is expected to go public early next year.Four months ago, the company announced that it had raised $1.5 billion at a valuation of approximately $50 billion, but that it had no immediate plans for the funds and would simply continue to build and expand its operations.