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Facebook Passes One Billion Users [ZUCKERBERG VIDEO]

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by Maggie Lange
October 4, 2012 12:54 PM
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In an interview with Matt Lauer on NBC's Today Show, Facebook's 28-year-old CEO Mark Zuckerberg announced that over a billion people are now using Facebook:

It's just this amazing honor. 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 .... just unbelievable." 

It's not all good numbers for Facebook.  Zuckerberg noted that after going public in May, when his company was valued at $100 billion, the stock fell to 48% of its IPO price. He seems to have taken it in stride, saying: "Things go in cycles. We’re obviously in a tough cycle now…" 

In hopes of heading toward another upswing, Facebook is currently testing a new way to accrue revenue from the site by allowing users to pay to promote their posts and status updates --they'e banking that $1 to $12 a post is a small price to pay for popularity.

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