BBC NEWS | Technology | Facebook grows and makes money
The world's largest social networking site just got bigger with the announcement it has 300 million active monthly users from around the globe.
Facebook also revealed that it had started making money ahead of schedule.
The company had not expected to start turning a profit until sometime in 2010.
"This is important to us because it sets Facebook up to be a strong independent service for the long term," said Facebook founder Mark Zuckerberg.
"We are succeeding at building Facebook in a sustainable way. 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," Mr Zuckerberg said in a blog post.