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