Facebook on pace for 1 billion users by August

Facebook on pace for 1 billion users by August
According to a new report by iCrossing, Facebook's current growth rate will propel them to 1 billion users by August 2012.

The company recently confirmed it hit 800 million active users, just a few months after confirming 750 million. It is unclear what Facebook defines as "active," however.

Reads iCrossing's note: "Using a process of linear regression on the data from the end of 2008 onwards we expect Facebook to hit a billion active users around August 2012. Looking from the data from 2006-mid-2008 it looks like Facebook was growing at an exponential rate, however more recent data suggests it's growing in a linear fashion."

Facebook's growth rate has stopped in nations like the U.S. and U.K., where the market has been saturated. Chances are if you haven't signed up for an account since 2004, you don't want one. In other nations, like India and Brazil, growth is exploding, with year-over-year figures almost doubling. Growth is expected to continue its lightning paced growth in the developing nations, each of which have large populations and expanding Internet populations.

If the projection proves correct, 14 percent of the entire planet will be using Facebook by the end of the summer.

Written by: Andre Yoskowitz @ 14 Jan 2012 19:57
Facebook 1 billion
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