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Facebook passes 1 billion users

Oct. 4 (Reuters): Social media company Facebook Inc said today it reached the 1 billion active monthly users threshold last month, and is up by 45 million users since June.

Facebook has faced a rough debut since its May initial public offering. Investors and analysts have fretted about a sharp slowdown in its revenue growth. Shares of Facebook remain well below the $38 debut price.

Facebook, based in Menlo Park, California, hit the 1 billion milestone on September 14 at 12.45pm, Pacific time, the company said on its website. It added that it had 600 million mobile users, according to a fact sheet on the site.

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 wasn’t “killing it”.

“I think it depends on your definition of ‘killing it’. I mean we are making billions of dollars,” Zuckerberg said. Facebook reported that revenue increased by 32 per cent to $1.18 billion in the second quarter. The 1 billion user count is up from the end of June, when it had 955 million active monthly users.

 
 
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