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Facebook's Doing Just Fine, Doubles Its Revenue Sep 7th 2011, 17:57 So far competitors, like the feared Google+, haven't stinted Facebook's growth. The company doubled its revenue to 1.6 billion in the first half of 2011 Reuters reports. The social network also pulled in an impressive net income of $500 million. "Facebook's stronger results come as investors have pushed its valuation to roughly $80 billion in private markets, with many industry observers expecting the world's No. 1 Internet social network to go public in 2012."Related: The Zuck's Speech: How the Facebook King Found His Voice

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