Facebook hits 1-billion user mark
04 Oct 2012
Social network, Facebook Inc said today that it reached the 1 billion active monthly users threshold last month, and was up by 45 million users since June.
It has been tough going for the social network Facebook after its May initial public offering. Investors and analysts voiced concerns over a sharp slowdown in its revenue growth and its shares are trading well under the $38 debut price.
The Menlo Park, California-based company said it hit the 1 billion milestone on 14 September at 12:45 pm Pacific time, adding on its website that it had 600 million mobile users. It posted a fact sheet posted on its website.
In an interview on NBC's "Today" show broadcast today, chief executive Mark Zuckerberg was asked by co-anchor Matt Lauer about how, with 1 billion users, the company was not 'killing it' making money.
"I think it depends on your definition of 'killing it.' I mean we are making billions of dollars," Zuckerberg said.
Facebook reported that revenue was up by 32 per cent to $1.18 billion in the second quarter.
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