Tuesday, September 15, 2009

Facebook: We've got 300 million users...and we're making money

by Caroline McCarthy from C/Net

Another one from Facebook: The company announced Tuesday, just as it was about to take the stage in a "developer garage" event at the TechCrunch50 conference, that it has reached 300 million active users around the world.

Also: It's cash-flow positive.

"As of today, Facebook now serves 300 million people across the world. It's a large number, but the way we think about this is that we're just getting started on our goal of connecting everyone," a blog post from CEO Mark Zuckerberg read. "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."

So I guess that's code for "no IPO soon."

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