Social media giant Facebook has announced today that it has reached the 1 billion user mark, a milestone certainly never seen before in history.
CEO Mark Zuckerberg says the milestone was hit on September 14th, and the figure is a small jump from June when the company hit 950 million.
Perhaps more importantly for the company, Zuckerberg said the network now has 600 million mobile users, although the main struggle for the company has been how to monetize such users.
Facebook recently saw revenue increase by 32 percent to $1.18 billion in the latest quarter, with 84 percent coming from advertisements. However, the average Facebook user uses the site only from their mobile device, where there are no ads.
Perhaps more importantly for the company, Zuckerberg said the network now has 600 million mobile users, although the main struggle for the company has been how to monetize such users.
Facebook recently saw revenue increase by 32 percent to $1.18 billion in the latest quarter, with 84 percent coming from advertisements. However, the average Facebook user uses the site only from their mobile device, where there are no ads.
