Social-networking giant Facebook hit another milestone Wednesday, announcing on its official blog that it had reached 500 million members.
“This is an important milestone for all of you who have helped spread Facebook around the world. Now a lot more people have the opportunity to stay connected with the people they care about,” Facebook CEO Mark Zuckerberg announced in the blog post, entitled “500 Million Stories.”
“I could have never imagined all of the ways people would use Facebook when we were getting started 6 years ago,” he added.
Zuckerberg, 26, who co-founded the company in 2004 while attending Harvard, is believed to be the world’s youngest billionaire with a net worth of $4 billion according to a report published in Forbes earlier this year.
The company generated $800 million in revenue in 2009 and is expected to report over $1 billion this year.
Back in March, the Wall Street Journal reported that investors in the company anticipated it going public in 2011 with a market capitalization of between $35 billion to $40 billion.
“The Social Network,” a film about the company and its founder directed by David Fincher is expected to hit theaters in October.