Facebook sees profit with 300 million users

09/17/2009 | Los Angeles Times (tiered subscription model)

Facebook CEO Mark Zuckerberg says the company is profitable ahead of schedule, after its user base doubled to 300 million in nine months. Sponsored ad space and auctions for targeted ads provide the social network with revenue. Becoming profitable "sets Facebook up to be a strong independent service for the long term," Zuckerberg said.

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