The social networking behemoth Facebook has reached yet another milestone with the revelation that it now has more than 300 million active monthly users across the globe.
Facebook also revealed that it has finally achieved a ‘positive cashflow’ for the first time since it was kicked off around six years back.
The company’s 25-year-old co-founder and chief executive, Mark Zuckerberg, has brought up these impressive revelations through a blog post on Tuesday.
In his announcement, Zuckerberg emphasised Facebook’s standing as one of the biggest properties on the web with its number of users being equivalent to entire internet population of China.
Mentioning reaching the target of 300 million active monthly users worldwide in a span of six years, Zuckerberg said: "It's a large number, but the way we think about this is that we're just getting started on our goal of connecting everyone. We are succeeding at building Facebook in a sustainable way."
However, getting positive cashflow is what Facebook had been looking for a long time, and it is definitely a more significant milestone than a raw expansion of its user base.
With the website now has started making money ahead of its schedule, Facebook can actually pursue Zuckerberg’s vision of becoming a dominant and long-standing player in the emerging domain of social networking.
Microsoft, Google and other internet players must now consider Facebook as a 800-lbs gorilla to consider in their decisions. It might just be a social networking website for now but expect its ambitions to grow more and more over the forthcoming years.
(The Los Angeles Times)