Facebook CEO Mark Zuckerberg announced on his blog today that Facebook has reached 300 million users, which means they’ve added 100 million users in just five months. He also said Facebook is in the black as of the last fiscal quarter:
We’re also succeeding at building Facebook in a sustainable way. Earlier this year, we said we expected to be cash flow positive sometime in 2010, and 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.
Good for them. Too bad for anyone who was hoping for an IPO.
h/t: Cnet
My pal on Friendster sent me a link about this Facebook thing, is it any good?
But I thought Bethany Jean Clement and the New York Times said Facebook was over! How can this be!?
@3 cause they said it on Twitter – now that is so deep in the red it’s just painful.
good for them; going public seems to make tech companies boring.
This means Facebook is now the 4th most populous country in the world (just behind the USA, ahead of Indonesia).
When I compare that to the number of friends I have on Facebook, I only feel more and more depressed…
@5: I’m not sure that “independent” necessarily means “private.” In fact, a good way to stay independent would be to raise capital by selling equity rather than by being acquired by another firm, such as Microsoft.