Just goes to show how addictive it is and how much time ppl have to waste everyday XD
Facebook hits 300 million users
Cash flow positive too
By Iain Thomson
Wednesday, 16 September 2009, 15:05
FACEBOOK has breached the 300 million user mark and is heading towards profitability, according to founder Mark Zuckerberg.
The social networking site now has an online population equalling that of the US, although the company did not say what percentage of that population had active accounts. However, the service is now making a profit.
"We are 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 am pleased to share that we achieved this milestone last quarter," said Zuckerberg.
"This is important to us because it sets Facebook up to be a strong independent service for the long term."
The company said that its users spend a total of six billion minutes on Facebook every day, and that 40 million users update their status at least once a day.
Around 70 per cent of the site's users are outside the US, and residents of over 180 countries visit the site. µ
http://www.theinquirer.net/inquirer/news/1533827/facebook-hits-300-million-users
