Facebook to Break 500 Million Users

Facebook’s rapid ascent continues. Next month, the white-hot social media company is expected to announce that it has more than 500 million users, according to the blog All Facebook. This will make Facebook the first to hit the half-billion mark.

The announcement is expected to take place before June 25, 2010, and plans are in the works for a big celebration – for a company that typically eschews feting its accomplishments.

And, its prospects for year-end are even brighter. All Facebook forecasts more than 600 million users and $1 billion in annualized revenue. Only a year ago, Facebook had a “mere” 175 million users.

[Source: All Facebook]

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