Wednesday, January 6, 2010

Facebook Just Keeps Getting Bigger

The social network that began 2009 with 150 million members signed up number 200 million in April. By September, it had amassed 300 million — an average growth rate this year of about 550,000 new members a day.

And with that growth came new demographics: 71% of Facebook users now live outside the U.S. and many of them are older than the site's original college-age demographic. But even more surprising than Facebook's exponential popularity was the announcement that, for the first time ever, the company was making money.

Facebook is a private company estimated to be worth about $15 billion. Not too shabby for a start-up run by a 25-year-old Harvard dropout.

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