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Thursday, July 16, 2009

250 million netizens flock to Facebook

One in 26 people around the world are now on Facebook, as the social networking site adds 100 million users this year

Facebook founder Mark Zuckerberg announced that the number of people using the online social networking service has climbed to 250 million.

The California-based Facebook was founded in 2004 and has become the most popular online social networking service, eclipsing News Corporation-owned MySpace.

If Facebook were a country, it would be the 4th-largest in the world (between United States and Indonesia).

The Web site boasts of a number of stats in the billions as well – a billion photos are uploaded each month, more than a billion pieces of content (web links, news stories, blog posts, notes, etc.) are shared each week, and 5 billion minutes are spent on Facebook each day by users worldwide.

“The rapid pace of our growth is humbling and exciting for us,” Zuckerberg said in a message posted at Facebook’s official blog on Wednesday.

Facebook took just two years to reach an audience of 50 million by October 2007, doubling that figure in less than a year. By January 2009, the Web site had 150 million users, and has been able to add another hundred million users in just seven months.

“For us, growing to 250 million users isn’t just an impressive number; it is a mark of how many personal connections all of you have made.” He added. The average Facebook user has 120 friends, and more than 120 million users log on at least once each day

The world’s most popular social networking website recently revamped its privacy settings, giving users the ability to share as much or as little about themselves online as they want.

Many Facebook users have gotten into trouble with employers and parents who have read updates containing inflammatory remarks or tales and photos of their indiscretions.

Facebook now offers a tiered level of privacy options, including “all of your friends, your friends and people in your school or work networks, and friends of friends.” said Chris Kelly, chief privacy officer at Facebook.

The move was seen as an effort by Facebook to compete with the hot micro-blogging service Twitter.

While its number of users has grown at an amazing clip, Facebook, unlike other Web giants such as Amazon, eBay, Google and Yahoo!, has yet to prove how it is going to translate traffic into cash

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