Facebook hits 500 million users

The world's largest social network has officially topped 500 million users, and founder Mark Zuckerberg believes the company will eventually reach a billion users. In the meantime, however, the company is busy with a lawsuit from an individual claiming an 84% stake in the company. With regard to that lawsuit, Zuckerberg told ABC's Diane Sawyer, "I think we were quite sure that we did not sign a contract that says that they have any right to ownership over Facebook."

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ABC News · San Jose Mercury News (Calif.) (free registration)

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