Facebook’s growth does not appear to be slowing by any means. Appearing for an interview on the Today show in a bold red tie earlier today, Mark Zuckerberg told Matt Lauer that the site is growing by more than 5 million users a week globally and more than one million a week in the United States. This is unprecedented growth for the social network which now attracts over 10 percent of the global internet population to its site.
While the company has yet to come up with its breakthrough monetization model, it’s clear that its growth trumps all other social networks currently. As Eric Eldon highlights Mark Zuckerberg, “says Facebook is differentiating itself through things like easy photo-sharing (it has more than a billion photos shared per month) and privacy controls so people can make sure those who are most special in their lives can see certain information others can’t.”
While the growth continues to be phenomenal, I recently articulated the risk that Twitter presents to the immensely dominant social network. It’s hard to dismiss the rapid growth that Facebook is experiencing though and part of the core value Facebook presents may be its ability to stay in touch with our closest friends as the Economist highlighted yesterday.
At the beginning of the year, I estimated that Facebook would surpass 300 million users by the end of the year, and with 200 million users right around the corner, 300 million may be underestimated. With the numbers stated by Mark Zuckerberg it’s hard to avoid how dominant of a force Facebook is rapidly becoming. All I can say at this point is: wow.
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I just think that FB just got the right spice for social networking. I love the interactivity of facebook, where I don't need to go to my friend's page (wait for loading…) then comment. It's so easy that I can comment her/his status, notes, others directly from my news feed page. So my friends in my other social network are gradually going to FB, as I invite them to try it. Who knows they might like it… and they did!
Comment by Baikong — February 27, 2009 @ 6:47 pm
amazing!
Comment by Christos Winter — February 27, 2009 @ 8:58 pm
I tried all the other social networks, but FB is the only one that ever clicked for me. Facebook's numbers are big, but consider that Skype already has 400 million user accounts, thats not too shabby either.
Comment by Facebook User — February 28, 2009 @ 12:00 am
I know that it was through facebook that a community was brought closer together. Friends on a facebook site got together and started planning a homecoming. It will be one of the biggest events to hit the area of McNamee on the Mighty Miramichi in central New Brunswick.
We are all so grateful to facebook that we were able to connect.
Comment by Roger Clowater — February 28, 2009 @ 5:55 am
Cool!
Comment by So_unpredictable — March 1, 2009 @ 7:39 am
wow cool grow number, facebook is king..
Comment by turkey — March 3, 2009 @ 1:31 am
It never ceases to amaze me the power that Social Marketing has and will have in the future.It has grown exponentially and the Facebook stats are mind blowing.
I would be amazed if one of the major SE's don't step in and grab both FB and Twitter as is rumoured to be happening.
However,if that does happen it's fair to say the Monetization of both will be pursued more aggresively
Comment by Douglas Stuart — March 3, 2009 @ 5:36 pm