Facebook proudly announced it has
finally made more money than it has spent, and now
has more than 300 million active international users.
Since
its launch six years ago, the No. 1 social networking site in the
world failed to generate positive cash flow, though analysts said it
was simply a matter of time before the times would change.
"This
is important to us because it sets Facebook up to be a strong
independent service for the long term," said Mark Zuckerberg,
Facebook CEO.
Facebook has received more than $600 million in
venture capitalist funding, but hasn't disclosed its revenue, as the
company is a private company not required to do so by law.
Facebook
had 150 million active users in five years -- more impressive,
however, is that it took Facebook only nine months to leap frog from
150 million up to 300 million users.
Moving forward, the site,
even though it changed its privacy laws due to Canadian pressure,
will continue to tweak its terms of service to better benefit users.
