Facebook Tops the 300 Million Mark

This month, Facebook announced that it now has 300 million users and is generating enough revenue to cover its costs. That makes Facebook the largest social networking site on the Internet. Analysts say this could lead to an initial public offering in the near future, though CEO Mark Zuckerberg is not committing to that happening anytime soon. Facebook was born in a Harvard dorm room 5 years ago and has now grown into one of the top Internet destinations, with membership tripling in the past year alone. Zuckerberg says the company is now exploring ways to boost performance and handle additional membership growth.