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In 2010, Google had $29.3 billion in revenue. To put things in perspective, this is more than the GDP of the 28 poorest countries… combined! Despite all of Google’s products and services, 97% of Google’s business revenue is still from advertising. Google has made a major push to capitalize on the growing use of mobile phones. $2,500,000,000 of Google’s ad revenue comes from mobile ads, which is supposed to double by the end of 2011.
May 24 marks the fifth anniversary of Facebook Platform. The project first launched at the 2007 f8 conference to 70 app developers, like the Washington Post and Digg. Fourteen months later, at f8 2008, more than 30,000 apps existed on Facebook Platform.