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Facebook Hits A Billion Users

Posted: October 5th, 2012 | Author: | Filed under: Facebook, Standout | Tags: , , , , | Comments Off on Facebook Hits A Billion Users

Facebooks One Billionth UserFacebook reckons it now has more than one billion users, serious bragging rights by anyone’s standard.

However, some analysts still have serious worries about how the social network site can make money from members.

Co-founder and Head Honcho Mark Zuckerberg made the announcement yesterday, saying the number is “humbling”.

“This morning, there are more than one billion people using Facebook actively each month,” Zuckerberg said in a statement. “Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life.”

The social network site reached one billion monthly active users on September 14, according to Zuckerberg. The wizbang number is slightly lower but equally as impressive,  according to Zuckerberg Facebook has 600 million mobile users ::::

Since Facebook’s launch, users have produced more than 1.13 trillion likes, 140 billion friend connections and have uploaded 219 billion photos. The social network has also seen 17 billion location-tagged posts, including check-ins, and 62.6 million songs that have been played 22 billion times.

Zuckerberg says the company was taking in stride the fact that its membership accounts for about one-seventh of the world’s population.

“We don’t want to overly celebrate any particular milestone, so what we do is we have hackathons,” he told Bloomberg Businessweek. “So people will be thinking of ideas and working on prototypes and things that we’ll need to do to help connect the next billion people, which I think is pretty cool.”

The impressive growth figures have been clouded by worries over dubious accounts. Facebook’s own figures show as many as 83 million may come from dubious sources – duplicate accounts, pages for pets and those designed to send spam. Around 8.7 per cent of the accounts may be dodgy, the company said in its quarterly filing with the US Securities and Exchange Commission.

Analysts remain divided on whether Facebook can leverage its massive user base for advertising and other revenues and still remain loyal to Mr Zuckerberg’s goal of making it a service to connect the world.

Industry tracker eMarketer says Facebook revenue this year “will not fly as high” as earlier estimated. It forecasts that Facebook should claim a 14.4 per cent share of the $US15 billion American online display ad market, while Google takes a 15.4 per cent share.

Only $US72.7 million of the social network’s revenue will come from ads served on mobile devices such as smartphones, while Google is expected to reap $US1.4 billion in that arena, according to eMarketer. The tracker also predicts mobile advertising is a “long-term play” for Facebook with multiplying in the coming two years.

Users vow to desert Facebook amid latest scandal

Users vow to desert Facebook amid latest scandal

RELATED: abc.net.au’s Alex Mann, Sophie McNeill and Michael Atkin have penned a piece on a potential boycott of the social network site, the trio reckon that frustrated users say they are convinced Facebook has breached their privacy and are vowing to quit the social network, despite official denials that private messages have been exposed.

Over 100 Facebook users have written to triple j’s Hack, shocked to find what they claim are private messages appearing on their profiles as publicly visible messages “posted by friends”. The problem was first raised by French tabloid newspaper MetroFrance almost one month ago, but since then a flood of similar reports has emerged in countries all over the world.

Heavyweight technology websites TechCrunch and TNW were quick to launch their own investigations into users’ claims the social media site’s timeline update, recently rolled out in France, was causing privacy headaches.

TNW dispatched their Facebook specialist Josh Constantine, who found email receipts showed the supposed private messages were in fact wall posts, and the posts did not appear in users’ Facebook messages inbox :: Read the full article »»»»

@verity_penfold

source: afp

source: abc


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