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Edition: U.S. Article Comments (0) Follow Reuters Facebook Twitter RSS YouTube Read Osama bin Laden killed in shootout, Obama says | 3:27am EDT Osama bin Laden: 9/11 author who defied Bush, Obama | 2:52am EDT U.S. believes Osama bin Laden son also killed in raid | 2:54am EDT U.S. Special Forces led bin Laden operation: source | 2:56am EDT Al Qaeda No.2 Zawahri most likely to succeed bin Laden 12:48am EDT Discussed 103 White House releases longer Obama birth certificate 96 Donald Trump calls U.S. leaders ”stupid” 65 Obama to make statement late Sunday, White House says Watched Osama bin Laden is dead: Obama 12:11am EDT Fire ants form rafts to defy floods Tue, Apr 26 2011 Osama bin Laden dead 5:44am EDT Facebook's growth exceeds expectations: report Tweet Share this PHILADELPHIA (Reuters) - Facebook Inc's business is growing faster than forecast several months ago and the firm is on track to top $2 billion in earnings before interest, taxes, depreciation and amortization in 2011, according to a report in The... Email Print Related News Exclusive: Facebook investors look for exits Thu, Apr 28 2011 Boeing plant lapse eyed in jet tear probe -WSJ Mon, Apr 25 2011 NY Times gains online subscribers, but woes linger Thu, Apr 21 2011 Thomson Reuters overhauls news management team Tue, Apr 19 2011 Nikkei hits 3-week low after Texas Instruments, S&P Tue, Apr 19 2011 Analysis & Opinion Tech wrap: Microsoft earnings fail to excite Deals wrap: Facebook investors look for exits Related Topics Technology » Facebook » Stocks Facebook CEO Mark Zuckerberg addresses the audience before the start of a town hall meeting with U.S. President Barack Obama at Facebook Headquarters in Palo Alto, California April 20, 2011. Credit: Reuters/Jim Young PHILADELPHIA | Sun May 1, 2011 9:30pm EDT PHILADELPHIA (Reuters) - Facebook Inc's business is growing faster than forecast several months ago and the firm is on track to top $2 billion in earnings before interest, taxes, depreciation and amortization in 2011, according to a report in The Wall Street Journal. Facebook's growth is above the growth expectations that circulated when Goldman Sachs and Digital Sky Technologies invested in the closely held Internet company, the newspaper said in its online edition. The newspaper did not say by how much Facebook may exceed expectations. Goldman's and Digital Sky Technologies' investment was at a share price that implied a $50 billion valuation for Facebook. The Wall Street Journal said Facebook's profits were now growing at a fast-enough rate to justify a valuation of $100 billion or more when it goes public. Facebook is expected to go public early next year. The company could not be immediately reached for comment. (Reporting by Jessica Hall; Editing by Dhara Ranasinghe) Technology Facebook Tweet this Share this Link this Digg this Email Reprints We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language, all capital letters or appear to be spam, and we review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. Comments (0) Be the first to comment on reuters.com. Add yours using the box above. Social Stream (What's this?) © Copyright 2011 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Mobile Newsletters RSS Podcasts Widgets Your View Analyst Research Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Super Lawyers Attorney Rating Service Reuters on Facebook Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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