Why Social? Facebook Hits one billion

Join Marco Giunta And Chris Kieff discussing each week Why Social...

Facebook this week hit the magic number of 1 billion active users according to the social networking site.

To put that number into perspective, if Facebook were a country, it would be the third largest in the world. It would be even bigger even that the United States which has 314 million residents.

One in seven people in the world are active users. If Facebook existed in 1804, everyone on earth would be posting status updates.

Facebook says over 80 percent of its users live outside the US. In August, Facebook admitted nearly nine percent of Facebook accounts are fakes. If true, that would put the number of actual Facebook users at 900 million.

One billion users in just 8 years, and still, Facebook doesn't have a solid way to make money from any of them.