11 Comments »
Facebook has announced today that the company has reached 300 million users and that they are cash flow positive. This is huge news for the company who was previously on track to surpass 300 million by the end of the year. Just a month and a half ago the company surpassed 250 million users which means that they are still gaining over 5 million new users a week. Also included in the announcement was that Facebook is now officially cash flow positive, something previously expected to take place in 2010.
That Facebook is able to continue this growth and build a “cash flow positive” business is an impressive feat. While the net income is not yet stated as positive, it’s great to see that the company continues a positive track. If the company can cover the cost of scaling to 1 billion users and still manage to break even, there’s no doubt that the company will have a great opportunity to rake in billions.
How those future revenue models will play out is still unknown however advertising and initial revenues generated through the Facebook gift shop have apparently been able to support the company. To think that it was only a month and a half ago when the company surpassed 250 million is phenomenal. At AllFacebook, we project that the company should be able to hit 380 million users at around the end of the year.
This also means that next year the company should be able to reach over half a billion users, a number never surpassed before. As the largest social platform ever, Facebook continues by leaps and bounds never before imagined.
Well thats deff good news.
No doubt they’re growing like crazy, but I suspect what they are calling “300 Million people” is actually 300 million accounts.
A lot of people create more than one account. Most people only use one account, but might create several and forget about them.
Sigh, typical hype.
Great News. I think Facebook is going the right way!
I am still learning how to use it …
I am glad they are making positive cash flow because if they weren’t they would probably sell to a company that would ruin it, or it would just stop all together
They have called it “active users” so i think forgotten accounts may not be included in this.
Congratulations to Facebook! It seems like just yesterday that they had “only” 150 million fans. Well, ok it was last september 2008. China’s biggest social network QZone is also claiming to have 300 M users; but who really knows?
Nick,
I really think that the gift markets are the hidden treasure in the Facebook business model.
Family and friend may be connecting virtually, but they are still purchasing gifts for each other in the real world.
Facebook could facilitate this process…
That is the train that we are riding.
Well I’ve got 4 accounts, so they’ve only got 2,999,996 users haha
Nick - actually this is active accounts per month, so inactive accounts don’t count (I wonder what the TOTAL accounts number is!)
Great News!…Go Team!
Jesse, where does it say that? Thanks for the clarification!