Facebook Users Now Total 1 Billion
Oct 4th 2012 8:33AM
In an exclusive interview on NBC this morning, Facebook Inc. (NASDAQ: FB) CEO Mark Zuckerberg said that the company reached a total of 1 billion active users worldwide as of September 14. Zuckerberg also had this to say:
To be able to come into work every day and build things that help a billion people stay connected with the people they care about every month — that's just unbelievable.
One in seven people in the world are now Facebook users, and some markets, like the U.S., are about saturated. Because Facebook is currently banned in China, the number of users could easily jump if that ban is removed. Likewise, Facebook trails far behind in Russia.
And where does the future lie for Facebook? According to Zuckerberg:
The future is really gonna be about mobile, right? And the opportunities for growth there.
Facebook's mobile strategy has come under fire and the company's ability to convert those billion users into revenue has yet to be proved.
Shares of Facebook are trading up about 1.9% in the premarket this morning, at $22.24 in a post-IPO range of $17.55 to $45.00.
Filed under: 24/7 Wall St. Wire, Internet Tagged: FB, featured