Facebook Tops 300M Users; Now Making Money

Facebook finally profitable, looking to grow userbase even more Facebook proudly announced it has finally made more money than it has spent, and now has more than 300 million active international users. Since its launch six years ago, the No. 1 social networking site in the world failed to generate positive cash flow, though analysts said it was simply a matter of time before the times would change. “This is important to us because it sets Facebook up to be a strong independent service for the long term,” said Mark Zuckerberg, Facebook CEO. Facebook has received more than $600 million in venture capitalist funding, but hasn’t disclosed its revenue, as the company is a private company not required to do so by law. Facebook had 150 million active users in five years — more impressive, however, is that it took Facebook only nine months to leap frog from 150 million up to 300 million users. Moving forward, the site, even though it changed its privacy laws due to Canadian pressure, will continue to tweak its terms of service to better benefit users.