Facebook now reaches 300 million users – and makes money

Cynics have long dismissed social networking as a fad – but the appetite for connecting online appears to be growing more rapidly than ever, after Facebook announced today that it now has more than 300 million users worldwide.The announcement, made by the company’s 25-year-old co-founder Mark Zuckerberg, underlines Facebook’s reputation as one of the largest properties on the internet with an audience that could encompass almost every man, woman and child in the United States.
http://www.guardian.co.uk/technology/blog/2009/sep/15/facebook-300-millionAlso see:300 Million and On by Mark Zuckerberg
As of today, Facebook now serves 300 million people across the world. It’s a large number, but the way we think about this is that we’re just getting started on our goal of connecting everyone.Because we want to make it as easy and fast as possible for the world to connect, one of the things we think a lot about is how to make Facebook perform even faster and more efficiently as we grow. We face a lot of fun and important challenges that require rethinking the current systems for enabling information flow across the web.The site we all use every day is built by a relatively small group of the smartest engineers and entrepreneurs who are solving substantial problems and each making a huge impact for the 300 million people using Facebook. In fact, the ratio of Facebook users to Facebook engineers makes it so that every engineer here is responsible for more than one million users. It’s hard to have an impact like that anywhere else.We’re also succeeding at building Facebook in a sustainable way. Earlier this year, we said we expected to be cash flow positive sometime in 2010, and I’m pleased to share that we achieved this milestone last quarter. This is important to us because it sets Facebook up to be a strong independent service for the long term.Over time, Facebook will continue to be as strong as all of the connections you make. We’ll continue building new and better things to make connecting with the people you care about as easy and rewarding as possible. We thank all of you for helping us reach the point where we are connecting 300 million people, and we hope to serve you and many more people in increasingly deep and innovative ways in the months and years ahead.
http://blog.facebook.com/blog.php?post=136782277130Facebook makes money, tops 300 million users
Facebook is making enough money to cover its costs and now has 300 million users, the world’s largest social networking site said on Tuesday, proving the Internet’s newest star industry can be a viable business.Facebook is now generating enough cash to cover its operating expenses, as well as the capital spending needed to maintain its fast-growing service.
http://uk.reuters.com/article/idUKTRE58E80620090916
http://in.reuters.com/article/technologyNews/idINIndia-42481820090916
http://www.stuff.co.nz/business/world/2869807/Facebook finally set to turn a profit [AFP]
Facebook has announced it is now earning more money than it is spending and has signed up its 300 millionth member.Facebook co-founder and chief executive Mark Zuckerberg said the fast-growing social network had become ‘cash flow positive’ last quarter, meaning that it is now earning enough to cover operating costs.
http://www.abc.net.au/news/stories/2009/09/16/2687317.htm

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