In July 2010, the company announced it had reached 500 million users.
Facebook would not confirm the number, as it is evidently waiting for the 1 billion milestone but most active watchers believe the number is accurate, or at least very close.
Despite the massive growth, some numbers suggest Facebook has reached saturation in the U.S., where active users fell by 6 million in the last month and where new members joined at a much slower pace than in the past.
In an effort to create new revenue streams, Facebook has begun experimenting with sponsored status updates, which can be commented on by users.
Facebook is set to IPO in the next year and has a current market value of $100 billion, making it one of the largest tech companies in the entire world.
Written by: Andre Yoskowitz @ 24 Jun 2011 22:28