Facebook reaches one billion monthly active users

SAN FRANCISCO, Thu Oct 4, 2012 – Social media company Facebook Inc said on Thursday it reached the 1 billion active monthly users threshold last month, and is up by 45 million users since June.

Facebook has faced a rough debut since its May initial public offering. Investors and analysts have fretted about a sharp slowdown in its revenue growth. Shares of Facebook remain well below the $38 debut price.

Facebook, based in Menlo Park, California, hit the 1 billion milestone on September 14 at 12:45 p.m. Pacific time, the company said on its website. It added that it had 600 million mobile users, according to a fact sheet posted on its website.

In an interview on NBC’s “Today” show broadcast on Thursday, Chief Executive Mark Zuckerberg was asked by co-anchor Matt Lauer about how, with 1 billion users, the company wasn’t “killing it,” making money.

“I think it depends on your definition of ‘killing it.’ I mean we are making billions of dollars,” Zuckerberg said. Facebook reported that revenue increased by 32 percent to $1.18 billion in the second quarter.

The 28-year-old CEO talked about the growth potential from mobile users. “There’s 5 billion people in the world who have phones, so we should be able to serve many more people and grow the user base there,” he said.

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