Facebook Now Has Over 300 Million Users, Profits Still Rising

By Tyler Sutherland

FacebookFor those that thought Facebook has been dying off since Twitter came along, their latest financial postings prove otherwise. In a blog post on Tuesday, CEO Mark Zuckerberg said the company has become “cash-flow positive” in the year’s second quarter.

In its five-year life span, Facebook has raised $600 million from investors, which puts the company at a value of $10 billion. Twitter on the other hand, has yet to make any money from its website. Co-founder Biz Stone said last week that the microblogging site is considering ads in the future, but in what capacity is still unknown.

Facebook also increased its user base from 200 million to 300 million users in just five months. If the site continues to implement the many features found on Twitter, it could spell big trouble for the Twitterverse.