Facebook Hits 300 Million Users

  • September 15, 2009
Facebook today announced cracking 300 million users worldwide and becoming "cash-flow positive." The world's largest social network had set a goal of being cash-flow positive sometime in 2010. "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," wrote Facebook co-founder and CEO Mark Zuckerberg in a blog post.

Earlier this year, Zuckerberg also said the company expects to see 70% year-over-year revenue growth in 2009. Facebook board member Mark Andreessen recently estimated the company would hit $500 million in revenue this year.

The site continues to expand its audience at a torrid pace, adding 50 million users just since July and doubling in size since the start of 2009. About 70% of its users are outside the U.S. --Mark Walsh

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