Facebook grows, makes a profit

Facebook grows, makes a profit by Agencies; Wed, 16 Sep 2009 11:02:00


The Facebook, the world's largest social network on the internet is finally getting some profit, the company said. Facebook company, which was started six years ago by a Harvard University student, said late Tuesday that the company gaining cash for the first time with the 300 million users. This is about a year faster than the company had predicated to gain some positive cash flows. "This is important to us because it sets Facebook up to be a strong independent service for the long term. We are succeeding at building Facebook in a sustainable way. We are just getting started on our goal of connecting everyone." said Facebook founder Mark Zuckerberg in a blog posting.

I used to be a constant user of the Facebook but now I am not so this news was not a big of a deal for me much but this will be a great news for facebook users since they don't need to worry about Facebook company closing down with bankrutpcy. I never knew facebook had never gained profit ever since its business started. I know there are about 1ooo people working for that company and I wonder how the company paied their wages so far.