Yeah, Facebook is huge. Unlike other failures in the social media world (like MySpace), Facebook just continues to grow. Two years ago, they had 500 million active users. Today, Facebook now has one billion active users.
In other words, one in every seven people on the planet use Facebook. While Google is still the king of the internet, Facebook is quickly approaching. Some estimates believe that they’ll reach 1.5 billion people by as soon as next year.
Is this growth good for Facebook? As a company, they’ll need to continue to figure out how to turn the traffic into cash. Right now, that process is still at its beginning stage. But if they ever figure it out, Facebook could one day be worth hundreds of billions of dollars.