AfterDawn: News

Facebook hits 300 million users, goes cash flow positive

Well on the way to profitability and its 1 billion user goal, Facebook founder and CEO Mark Zuckerberg has posted today on his blog that the site has reached 300 million users today, as well as gone "cash flow positive."

Zuckerberg added however that 300 million is just the beginning and the site "is just getting started on our goal of connecting everyone."



Perhaps more interestingly is the fact that the site is now profitable, much earlier than expected. "Earlier this year, we said we expected to be cash flow positive sometime in 2010," Zuckerberg added. "And I'm pleased to share that we achieved this milestone last quarter."

You can read the full Facebook post here: 300 Million and On by Mark Zuckerberg

Written by: Andre Yoskowitz @ 16 Sep 2009 16:03

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• 3 comments

• ivymike

  Perhaps Facebook can use some of it's profits to upgrade their servers so they don't wind up experiencing the same capacity problems that has plagued MySpace.

  16.9.2009 16:13 #1

• navskin

  i can agree with the server upgrade becausei think they are alredy at maxium load as it is. And i think they need sort the web site out and all, but i think its so unreliable aswell the sitr has a problem. Or they need a new Team of I.T Administrator's.

  17.9.2009 04:34 #2

• RusSnajp

  goes cash flow positive
  cash flow positive
  
  make up your grammar , it's "cash flow goes positive" imo

  17.9.2009 15:10 #3