Thursday 4 October 2012

FACEBOOK (Weekly update)



Facebook hits 1 billion users a month


Facebook is now used by 1 billion people every month, or one in every seven people in the world, its founder, Mark Zuckerberg, has confirmed.

Facebook has recorded 1.13 trillion Likes, 140.3 billion friend connections and 219bn shared photos since it launched in February 2004. More than 300m photos are uploaded every day and 62.6m songs played.
The announcement will also be a welcome distraction for the disastrous Facebook IPO. Facebook is still reeling from the share collapse, which launched at $38 a share in May only to drop steadily to $21 on Wednesday.

As a result Zuckerberg tumbled down the Forbes 400 list of the richest Americans as his personal fortune fell by $8.1bn.

Facebook's primary sources of income are advertising and payments for features including gaming. At the time of the IPO, social games company Zygna generated about 12% of Facebook's revenue.



"Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life," wrote Zuckerberg in a Facebook timeline update on his personal account. "I am committed to working every day to make Facebook better for you, and hopefully together one day we will be able to connect the rest of the world too."

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