E-Marketing in Minneapolis David Vinge, eMarketing Dashboard : Facebook Turns a Profit. Reaches 300 Million Users

Friday, September 18, 2009

Facebook Turns a Profit. Reaches 300 Million Users

Facebook CEO Mark Zuckerberg says the company is profitable ahead of schedule, after its user base doubled to 300 million in nine months.

Sponsored ad space and auctions for targeted ads provide the social network with revenue. Becoming profitable "sets Facebook up to be a strong independent service for the long term," Zuckerberg said.

As the L.A. Times points out, "It took Facebook five years to get to 150 million active users, a lightning-fast growth rate by any measure. But like track phenom Usain Bolt, the world's No. 1 social networking website atomized its own speed record this year by going from 150 million users to 300 million users in a little over nine months."

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