Facebook recently announced that it crossed 300 million monthly active users across the globe and as you know thats roughly the population of US. Facebook added about 50 million users in 75 days, that’s about 670,000 users per day. In mid july it announced that it had reached 250 million users. Facebook has also turned cash positive as of last quater.
In the recent Facebook blog post, CEO Mark Zuckerberg says that they hoped to be cash positive sometime next year but were happy to have made enough to cover their operating expenses starting last quarter.
Almost a year ago many were speculating if Facebook will ever turn cash positive, the recent blog post says Facebook is now “free cash flow positive” – the term “free cash flow” means the amount of cash that a company generates after budgeting costs required to maintain and expand itself.
Facebook’s global audience has doubled since the beginning of the year, adding 150 million new users since January. More than 70% of Facebook’s users reside outside of US and as of today the company reports 85 million active American users.
Facebook’s board members say that it would do $500 million in revenues in 2009, up from an estimated $280 – $300 million in 2008.
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