Media News - Friday, October 05, 2012
Facebook has passed the one billion user milestone underlining the dominance of the site in the social media market. Founder and chief executive Mark Zuckerberg revealed the figure in a post on the site on Thursday morning. The firm revealed the figure was officially hit on 14 September, and that to date some 219 billion photos have been uploaded to the site. The announcement is a significant milestone in the company's history but comes as it struggles to reignite early fervour around the firm after a disastrous flotation on the stock market. Much of its initial value has been wiped off after the share price plunged in opening weeks due to concerns around its mobile performance and rumours of alleged insider knowledge being given to banks ahead of the launch. Earlier this year, the firm revealed it had passed 900 million members, underlining the speed of its growth, although almost 100 million of the profiles were revealed to be a fake in a later filing by then firm. It's not clear from the update from Zuckerberg if the one billion figure includes these accounts or how active the entire user base on the site really is. (V3.co.uk)
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