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Congratulations Facebook!

Yesterday Facebook filed for an initial public offering (IPO) to raise $5 billion, reiterating once again that the social revolution couldn’t be more real. The social network is now populated by 845 million monthly active users liking, commenting, and sharing with each other billions of times every day.
From a financial perspective, the numbers are just as impressive. Facebook earned $1 billion on sales of $3.7 billion, and businesses advertising on the network accounted for 85% of those total sales, or $3.2 billion. A social business is clearly the thing to be in 2012 and beyond.
On behalf of the entire Hearsay Social team, I’d like to wish a hearty congratulations to Facebook for all their accomplishments. We look forward to seeing what wonderful projects they have in store for the future and, as one of their key partners, we won’t stop delivering social marketing success to the enterprise.