Facebook Hits 100 Million Users

August 26th, 2008 at 12:00 am

facebook 100 million tweet

Facebook reaches another milestone. One hundred million users worldwide. That’s 10% of a billion.

An announcement first came as a tweet from Facebook’s Senior Platform Manager Dave Morin. An official announcement followed at the Facebook press room from Mark Zuckerberg.

"We hit a big milestone today — 100 million people around the world are now using Facebook. This is a really gratifying moment for us because it means a lot that you have decided that Facebook is a good, trusted place for you to share your lives with your friends. So we just wanted to take this moment to say, "Thanks"."

Any which way you look at it, Facebook’s 100 million users is a huge thing. However, business wise, the social network has still have to think of how to utilize that number and convert that into lucrative dollars. Since its inception, Facebook still does not have a solid business model and they are still a private company living on a whole lot of venture funding including Microsoft’s $15 billion.

Well, you can’t really blame Facebook for its lack of monetization. In the first place, it is a social utility and its users are mainly there to communicate with each other. But of course, like any other social network and business, Facebook does want to monetize their influence and they probably will figure that out later.

So, to Facebook, Congratulations.