So facebook don reach one billion The No. 1 social network has
faced a rough road since its May initial public offering. Investors and analysts
have fretted over a sharp slowdown in revenue growth and questioned how Facebook
will make money from users as people access its site on mobile
devices.
Facebook shares have lost more than 40 percent of their value since the stock debuted at $38.
Facebook, based in Menlo Park, California, hit the 1 billion milestone on September 14 at 12:45 p.m. Pacific time, the company said on its website. This is up by 45 million users since June.
It said it had 600 million mobile users, according to a fact sheet the company posted.
In an interview on NBC's "Today" show
broadcast on Thursday, Zuckerberg was asked by co-anchor Matt Lauer about how,
with 1 billion users, the company wasn't "killing it," by making
money.
"I think it depends on your definition
of 'killing it.' I mean we are making billions of dollars," Zuckerberg said. In
its last earnings report, Facebook said revenue increased by 32 percent to $1.18
billion in the second quarter.
The 28-year-old CEO talked about the
growth potential from mobile users. "There's 5 billion people in the world who
have phones, so we should be able to serve many more people and grow the user
base there," he said.
In September, Zuckerberg said the
company's new mobile ads were delivering better results for advertisers than its
traditional ads on personal computers.
As for his own phone habits, he said he
has several devices, but recently had been using an iPhone 5 he received from
Apple CEO Tim Cook.
Zuckerberg acknowledged that morale at
the company could be better but that its 4,000 employees remained focused on
building and improving Facebook's products.
"We are obviously in a tough cycle now
... that doesn't help morale," he said.
The 1 billion user count is up from the
end of June, when it had 955 million active monthly users.
Reuters
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