Social network Facebook has reported it has passed an important financial milestone and become “free cash-flow positive,” which indicates it now brings in enough revenue to cover all of its operating costs, including capital expenditures, according to the New York Times. “This is important to us because it sets Facebook up to be a strong independent service for the long term,” the company’s chief executive, Mark Zuckerberg, wrote in his blog post. Zuckerberg added that less than six months after adding its 200 millionth member, the service has now crossed 300 million. “It’s a large number, but the way we think about this is that we’re just getting started on our goal of connecting everyone,” Zuckerberg said. He added that the company was working to improve the site’s efficiency and speed.
Facebook: Finances in Better Shape
Zuckerberg added that less than six months after adding its 200 millionth member, the service has now crossed 300 million.
September 16, 2009