The social network, Facebook has crossed the 100-million user mark in the U.S. a week after announcing it had surpassed 350 million members worldwide. Facebook hit 100.5 million U.S. users Monday, up from 98.1 million a week ago.
Facebook will likely reach revenue of more than $500 million this year. In September founder and CEO Mark Zuckerberg said the company was generating positive cash flow ahead of schedule.
Mark Zuckerberg founded Facebook with his college roommates and fellow computer science studentswhile he was a student at Harvard University. The website's membership was initially limited to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League, and Stanford University. It later expanded further to include any university student, then high school students, and, finally, to anyone aged 13 and over.
A January 2009 Compete.com study ranked Facebook as the most used social network by worldwide monthly active users, followed by MySpace.
Facebook will grow to $710 million in revenue in 2010, according to an estimate from advisory firm and market-maker NYPPEX cited in a Wall Street Journal report yesterday.
Written by Cheryl Phillips
HULIQ.com
sources: Facebook, Wikipedia, WSJ, Mediapost
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