Social media makes money
Sure, the Facebook IPO faceplant marred the idea that the world's biggest social network is worth anywhere near the $100 billion market valuation that bankers gave it out of the gate. But look beyond that massive miscalculation and you'll find plenty of evidence that 2012 was a breakthrough year for social media -- businesswise, that is.
Facebook's on track to post revenue of more than $5 billion for 2012 -- a growing portion of that coming from ads it serves to people doing their social networking from their phones. And it's amping up its commerce business, … Read more