Facebook announced that it broke even in the second quarter of this year and that it now has 300 million users globally.
Social media site Facebook has announced that it broke even in the last quarter, which is at least six months ahead of its original target.
Mark Zuckerberg, founder of the social networking website, stated that the plan had been to achieve a positive cashflow in 2010.
He claimed that this is an important step for the company, because it allows it to stay independent and sustainable in the long term.
As well as reaching this financial milestone, he also commented that the site now serves 300 million users across the world.
Mr Zuckerberg added: "We'll continue building new and better things to make connecting with the people you care about as easy and rewarding as possible."
This week, a spokesperson for Facebook announced that the site had developed the status update feature so people will now be able to tag friends, events and groups within them by writing the @ symbol before their name.
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