Hot on HuffPost Tech:

See More Stories
AOL Tech

Facebook Hits 300M Users, Goes 'Cash Flow Positive'

Just last spring, Facebook announced that its membership had expanded to 200 million users. Despite the fact that hordes of curious noobs are losing interest and minimizing their activity, Facebook founder Mark Zuckerberg has proclaimed that his Web baby now hosts a network of 300 million, reports the Guardian.

In an even more significant blog statement, Zuckerberg said that, even though he'd previously believed Facebook wouldn't be "cash flow positive" until 2010, he was "pleased to share that [the site] achieved this milestone last quarter." So, how does a free site with supposedly no private investment money and approximately 700 employees actually operate in the black? By clogging up your home page with distracting and annoying ads. Companies can target specific demographics by appealing to people with appropriate profile interests. Individuals and small businesses can also pay a fee to shill their wares, real or not, through the site.

The new, streamlined Facebook Lite is definitely appealing, and Facebook is still a great method of sharing photographs and keeping in touch with family and friends. But, besides the ad extravaganza, weeding through hundreds of gangster gaming invitations and "Which fruit are you?" quizzes gets seriously frustrating. Hopefully, all of the recent changes won't inspire a great migration of MySpace proportions. [From: The Guardian and Cnet]

Tags: advertising, Facebook, mark zuckerberg, MarkZuckerberg, social networking, SocialNetworking

Add your comments

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br /> tags.