Facebook Makes $800 Million in 2009; Now Profitable

IPO, here we come?

It's been expected for some time, but the day has finally arrived: In 2009, Facebook was profitable. In all, it made $800 million--double what it made in 2008.

That news comes from Reuters, which used "two sources familiar with the situation" to confirm the figures. And if true, it's a remarkable indicator of Facebook's prospects as powerhouse of ad sales. Earlier this year, Marc Andreessen, who sits on Facebook's board, was estimating that in 2009, the company would make...