Wow, Facebook users are now 300 million strong. Just a couple of months ago, there were disgruntled members threatening to leave Facebook because of an impending change in their 'Terms of Service' agreement. Facebook did not continue with their plans to avert any mass exodus of users closing their Facebook accounts. They are also now starting to turn a profit and even sooner than they thought.
Facebook nearly as large as U.S. population
Excerpts:
(CNN) -- Facebook's user base is nearly as large as the U.S. population and, for the first time, the site has turned a profit.
That was the double-barreled announcement Tuesday from Facebook CEO Mark Zuckerberg, who thanked the site's users for helping its online community cross the 300 million threshold. There are about 307 million people living in the United States, according to the U.S. Census Bureau.
"We're just getting started on our goal of connecting everyone," Zuckerberg wrote on the company's blog.
"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," he wrote. "We face a lot of fun and important challenges that require rethinking the current systems for enabling information flow across the Web."
The social networking site, while popular with its exploding user base, has struggled to turn a profit.
But Zuckerberg said the company became profitable last quarter, beating its goal of getting out of the red by the end of 2010.
*Read full article: http://edition.cnn.com/2009/TECH/09/16/facebook.profit/index.html
*Read related topic: http://foreign-nurse.lefora.com/2009/02/17/facebooks-new-terms-of-service-tos-now-says-they-o/page1/
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