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Facebook's Ad Revenue Expected to Hit $4 Billion in 2011

4:49 AM PST 1/19/2011 by Georg Szalai

The social network is expected to more than double its ad sales this year.

NEW YORK – Facebook’s advertising revenue could jump 118 percent this year to $4.05 billion and grow by more than 40 percent in 2012 to $5.74 billion, according to a new forecast from research firm eMarketer.

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