Facebook continues to grow at prodigious rates.  Of course this is traffic growth and not revenue growth.  Business Week has an interesting analysis about Facebook's money needs.  The main requirement for the financing is to cover servers and related tech to handle Facebook's storage needs.  

Will Facebook make money?  Facebook is private so we do not know its true financial picture.  Most likely it is losing a ton of money.  My guess is Facebook will never be a money maker.  One reason for this thought has to do with the many key executives who have left Facebook.  If insiders leave then there has to be trouble with the business model.  I have read that the main reason people have walked is due to the fact that founder Zuckerberg is difficult to work with.  The chance of making big money usually removes the pain of working with a difficult person.

Perhaps Facebook will make billions down the road but I doubt it.