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FACEBOOK HAS ONE BILLION FRIENDS

Friday October 5th, 2012
FACEBOOK HAS ONE BILLION FRIENDS

Facebook founder and CEO Mark Zuckerberg claims he now has one billion 'friends', which means one in seven people on the planet use his social network to keep in touch. The company added 200 million users in the last year alone, a remarkable feat for a company that at only eight years old is technically still an infant.

Zuckerberg told NBC, 'To be able to come into work every day and build things that help a billion people stay connected with the people they care about every month, that's just unbelievable,' and added that he believed it to be 'an amazing honour'.

Despite the continued growth 2012 has not been as rosy as the 28 year-old guru would have wished. Since floating shares on the stock market in May they have lost about 50%. Initially the 421 million shares that were sold rose from 24.20 to 28.66 but at the end of the first days trading they were only just about the original public offering price. They are now around 13.65.

However Zuckerberg, who controls over 50% of the voting stock, remains optimistic and said, 'Things go in cycles. We're obviously in a tough cycle now and that doesn't help morale. But at the same time, you know, people here are focused on the things that they're building... I mean, you get to build things here that touch a billion people, which is just not something that you can say at almost anywhere else, so I think that's really the thing that motivates people.'

When questioned about his ability as a chief executive he told NBC, 'I take this responsibility that I have really seriously and I really think Facebook needs to be focused on building the best experiences for people around the world, right? And we have this philosophy that building the products and services and building the business go hand in hand.'

He added that the advances in mobile devices would be targeted to enhance Facebook's ability to make money.
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