Face book, the world’s largest social network on the Internet, is finally turning a profit, the privately held company said.
The Silicon Valley, California, company, which was started six years ago by a student at Harvard University, said late Tuesday that it had reached a positive cash flow for the first time and also passed the 300-million user mark.
The stratospheric growth in the site’s user base from 150 million at the start of the year, allowed the company to turn a profit earlier than the 2010 date it had previously predicted.
‘This is important to us because it sets Face book up to be a strong independent service for the long term,’ said Face book founder Mark Zuckerberg in a blog posting.
‘We are succeeding at building Face book in a sustainable way,’ he wrote. ‘We are just getting started on our goal of connecting everyone. We face a lot of fun and important challenges that require rethinking the current systems for enabling information flow across the web.’
The company has close to 1,000 employees and has received $600 million in financing. According to recent web figures, it is the fourth most-visited website in the US.
I never had an opportunity to be a part of Yahoo, Google, My Space, Face book or Twitter. These are Internet juggernauts and they have corner their portion of the internet. Now comes a new kid on the block, People String. So, what exactly is People String? It is a new social media site launched on September 23, 2009. They are making a bold attempt to compete with giants like Facebook by paying anyone and everyone to recruit members and grow its ranks.
People String is also working with companies who want to bypass the advertising giants and pay people directly for looking at their products/services. Quite a novel approach! The more people participate, the more companies will see this as a viable alternative to reaching their target audience.
It can potentially be quite lucrative, for those willing to recruit new members. They will earn a commissions for every person they recruit, get paid per item of advertising they look at, thus getting a percentage of revenues from everyone they recruit for life! For those not interested in recruiting others, the remaining income streams may be more to their liking and more are to be added over time.
Those who are interested can click HERE if they wish to take this company up on their offer.
The site is still at the "nuts and bolts stage" right now, but company representatives have assured me that the "lab rats" (as they are affectionately called) are hard at work to turn People String into a popular and fun social media site as membership grows.
This is the most important thing to remember People String Cost nothing to join and you can start earning instantly! Go to the site click here and try it out, the worst thing that could happen is you make some money, that not so bad is it?
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