16 September 2009

Facebook now reaches 300 million users - and makes money

Cynics have long dismissed social networking as a fad - but the appetite for connecting online appears to be growing more rapidly than ever, after Facebook announced that it now has more than 300 million users worldwide. The announcement, made by the company's 25-year-old co-founder Mark Zuckerberg, underlines Facebook's reputation as one of the largest properties on the internet with an audience that could encompass almost every man, woman and child in the United States. The number is almost as large as the entire internet population of China, and equivalent to the number of web users in Europe's ten largest countries combined. It also marks the latest chapter in an astonishing period of growth for the company. The site reached the 250m user milestone in July, meaning that it has added an additional 50 million people in just two months.