Thursday 4 October 2012

Facebook crosses 1 billion-user mark


 Facebook CEO Mark Zuckerberg today announced on the website that the world's biggest social network now has over 1 billion users. In an associated fact sheet, the company said that it surpassed the 1 billion-user mark on September 14, at 12.45 pm (Pacific Time).

The company stated that the median age of users joining the week that Facebook hit the 1 billion-mark was 22 years. Facebook's five biggest markets are Brazil, India, Indonesia, Mexico and the United States, as per the company fact sheet. It also said that it has 600 million users logging into the website from their mobile devices. Since February 2009, Facebook has witnessed 1.13 trillion users' likes, 219 billion photos being uploaded and 17 billion location-tagged pictures.

The world's biggest social network, Facebook hit the 500 million user mark in July 2010. At the end of June 2012, it had 955 million active members.

Over the years, the company, which went public in 2012, has faced criticism over privacy issues. Nevertheless, it was valued at $100 million during its IPO but its stock has been severely depreciated since then. Recently, its CEO gave a speech expressing his faith in its ad-based revenue model, which boosted investor confidence.

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