Facebook hits 1Billion Active Users Seems like a Bargain at $22/Share
Facebook, the social giant announced today that it has surpassed 1Billion active users on its platform see (press statement) below. Mark Zuckerberg CEO of Facebook released the statement and also released some amazing key metrics see (fact sheet) below.
Facebook actually reached the 1Billion mark on September 14th at 12:45PM PST. It is surprising that they waited almost a month to release the information, as this is quite an accomplishment for any company. Zuckerberg has been touring Russia meeting with leaders, and even ended up in a late night Russian talk show.
The wait may be a tactical move and may be a hope to bolster the stock, though the prices have stayed pretty steady between $21 and $22. The real challenge for Facebook has been in coming up with a definitive monetization of its platform. With a billion active users, the stock should have a far higher valuation than it currently has, and definitely sends a message from investors that much more is expected from the company.
Some of the key metrics pointed out by Zuckerberg are over 1.13Trillion likes, 219Billion photo uploads, over 17Billion location tags and check-ins, and 22Billion music plays. The company has found the median age of users is 22yrs old and the platform has 600Million users connecting from mobile devices. This data speaks to just the impact that mobility is having on the world.
There are an estimated 7.043Billion people in the world and Facebook can account for 1/7th of the world population. This is some accomplishment for a company and sure makes it sound like a bargain at $22/share. It would seem like it should just be a matter of time for the magic monetization formula to be figured out, and when that time comes, we will all be kicking ourselves for not buying. I remember apple at $35/share sure wish I would have bought then…
This morning, there are more than one billion people using Facebook actively each month.
If you’re reading this: thank you for giving me and my little team the honor of serving you.
Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life.
I am committed to working every day to make Facebook better for you, and hopefully together one day we will be able to connect the rest of the world too.
One billion – key metrics
Facebook reached 1 billion monthly active users on September 14 at 12.45 PM Pacific time.
Since Facebook launched, we’ve seen:
- Over 1.13 trillion likes since launch in February 2009
- 140.3 billion friend connections
- 219 billion photos uploaded
- Data was pulled on 9/10/2012, and represents the total # of photos currently on this site – in other words, it excludes deleted photos. If we wanted to include all photos ever uploaded, the estimate we have is 265 billion. Photo uploading launched fall 2005.
- 17 billion location-tagged posts, including check-ins
- Includes location-tagged posts as well as check-ins. Data was pulled 9/10/2012, and represents total location-tagged posts & check-ins since launch of the product in August 2010
- 62.6 million songs have been played 22 billion times – that’s about 210,000 years of music
- Data was pulled on 9/11/2012, and represents song plays since the launch of music-listening applications in September 2011
Characteristics of users joining the week Facebook hit 1B
- The median age of the user is about 22
- The top five countries where people connected from at the time we reached this milestone were Brazil, India, Indonesia, Mexico and the United States (NOTE: in alphabetical order)
- Facebook now has 600M mobile users
Characteristics of users joining the week Facebook hit 500M users (July 2010)
- The median age of the user at that time was about 23
- Top five countries where people connected from at the time we reached this milestone were Brazil, India, Indonesia, Mexico, and the United States (NOTE: in alphabetical order)
- Users signing up at this time now have an average of 305 friends
Characteristics of users joining the week we hit 100M (August 2008)
- The median age of the user at that time was about 26
- The top five countries where people connected from at the time we reached this milestone were Chile, France, Turkey, the United Kingdom, and the United States (NOTE: in alphabetical order)
- The user signing up at this time now has an average 334 friends
Characteristics of users joining the week Facebook hit 50M users (October 2007)
- The median age of the user signing up at this time was about 26
- Top five countries where people connected from at the time we reached this milestone were Australia, Canada, Turkey, the United Kingdom and the United States (NOTE: in alphabetical order)
- Users signing up at this time now have an average of 321 friends
Characteristics of users joining the week Facebook hit 25M users (January 2006)
- The median age of users signing up at that time was about 19
- The top five countries where people connected from at the time we reached this milestone were Australia, Canada, Germany, the United Kingdom, and the United States (NOTE: in alphabetical order)
- Users who signed up at this time now have an average of 598 friends
Tales from the Cloud – Episode 58 Tales from the Cloud – Episode 59
