In August 2008, Facebook claimed 100 million monthly active users worldwide. By April 2009, the social networking outfit doubled that number. In July, it reached 250 million monthly active users. And now, two months later, Facebook has passed 300 million. But more important: Facebook is cash-flow positive.
In August 2008, Facebook claimed 100 million monthly active users worldwide. By April 2009, it doubled that number. Today, the social networking outfit tells us it has reached 250 million monthly active users. Fifty million new users in under four months: Impressive.
Facebook CEO Mark Zuckerberg is going to turn the social network’s “stream” of user experiences and information into a revenue stream one way or another. And if that means allowing others to pan its waters for gold, then so be it.
And so, at an event in Palo Alto later today, Facebook will reportedly announce plans to open its stream to third-party developers, offering them the chance to build new services and applications outside the site that access the status updates, photos and videos uploaded by users.
Welcome once more to Weekend Update! I’ll be filling in today for your regular host Beth Callaghan, who’s on vacation. And what sane person wouldn’t be, after the slew of Silicon Valley silliness inspired by April Fools Day this past week? Digital pranks were the name of the game, and Google and others heaped so many tepid hoaxes upon us that we wanted to call April Fold so as to quickly end this round of gags.
In Silicon Valley, it’s hard to believe that not everyone follows each shiny new thing on the Web, tracks OS versions as intently as the storyline for “Battlestar Galactica” and remains jacked-in pretty much 24/7. But it’s been known to happen.
For instance, BoomTown was in Rome earlier this week attending a conference on business, brand and innovation that happens only once every seven years–and one of the biggest takeaways? Hardly any Italians have heard of Twitter, and those who have don’t really use it.
Will [insert company name here] find a viable revenue strategy any time soon? Everyone’s hustling, that’s for sure. It’s this week’s theme.
Its proposed acquisition of Twitter now little more than an unrequited Superpoke, Facebook is tweaking its own service to mimic the microblogging outfit. The social network on Wednesday unveiled a new homepage that, in a nod to Twitter’s real-time message broadcasting system, now features “Streams”–Facebook’s “News Feed” revamped to update in real-time.
This weekend, AllThingsD.com is distributing awards for Best Performance in a ToS Slapdown, Fastest Disappearing Subscriber Base, and Best Conference to Attend in February If It’s Cold Where You Live. If all involved keep their remarks on topic, things should move along quickly.
Looks like Microsoft’s $240 million equity stake in Facebook hasn’t exactly retained its value. When it was announced in October of 2007, the 1.6 percent stake valued the social network at $35.90 per share, or a stupefying $15 billion. But in a court hearing this past June, Facebook appraised itself at $8.88 per share. It’s new self-proclaimed market value: $3.7 billion.
The inane dispute over the provenance of Facebook apparently ended in a multimillion dollar resolution. Facebook has reportedly paid the founders of ConnectU $65 million to settle a lawsuit that accused founder Mark Zuckerberg of lifting the social network’s source code and business plan when he worked for it as a programmer.
Facebook’s virtual gift market may turn out to be the best holiday shopping option for employees hoping to cash out some of their shares. On Thursday, the company postponed a program that would have allowed employees to sell up to 20 percent of their vested shares.
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper.
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
Best video mashup ever.
A Facebook Memorial
Wow.
Worth it for the Rickrolling photo alone.
Excellent.
Flughumor!
… you vacuous, toffee-nosed, malodorous perverts
Stephen Fry and zoologist Mark Carwardine meet the kakapo — a fat, flightless and very randy rare parrot.
Spectacular in the bellowing Russian sailor sense of the word …
“If you spell something wrong on your insurance claim, do you really deserve surgery? I don’t think so …”
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