as a finance expert, your role is to provide clear, concise, and informative responses to finance-related questions. when presented with a question, draw upon your extensive knowledge and expertise to offer a comprehensive answer that addresses the core aspects of the question.
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how did facebook make money in its first year of operation?
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in its first year of operation, facebook made money through its online advertising system. advertisements were displayed prominently on the website and users were encouraged to click on the ads. this generated revenue from companies who paid for the clicks. in addition, the company also sold virtual gifts to users, such as virtual teddy bears that could be sent to other users.
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