Facebook crosses 300m users mark, cites rapid growth in profits

July 17th, 2009 LONDON - Facebook's founder Mark Zuckerberg has said that the online social networking site now has 250 million users. "The rapid pace of our growth is humbling and exciting for us," the Telegraph quoted him, as saying.

September 21st, 2009 Facebook shuts down thorny marketing toolNEW YORK — Facebook is closing an uncomfortable chapter in its five-year history. The social network says it will shut down Beacon, a program that tracks users' activities on other Web sites.

September 15th, 2009 SAN FRANCISCO - Facebook, the world's largest social network on the internet, is finally turning a profit, the privately held company said. The Silicon Valley, California, company, which was started six years ago by a student at Harvard University, said late Tuesday that it had reached a positive cash flow for the first time and also passed the 300-million user mark.

April 9th, 2009 SAN FRANCISCO - Five years after it was founded in a Harvard dorm room, the online social networking site Facebook has registered its 200 millionth user, the site confirmed Thursday. 'Growing rapidly to 200 million users is a really good start, but we've always known that in order for Facebook to help people represent everything that is happening in their world, everyone needs to have a voice,' said Facebook founder and CEO Mark Zuckerberg.

September 15th, 2009 Facebook says it's bringing in more than it spendsSAN FRANCISCO — Facebook says it is now bringing in more money than it is spending. The social networking site had previously said it expected to achieve this goal sometime next year.

August 5th, 2009 SAN FRANCISCO - Social networking website Facebook continues its rapid rise and has already become the fourth most trafficked website in the world, technology blog TechCrunch has reported. In June this year, Facebook attracted a total of 340 million unique visitors globally, trailing only Google, Microsoft and Yahoo sites, the report said, citing latest results from market research firm comScore.

June 16th, 2009 MySpace to cut 30 percent of work forceLOS ANGELES — MySpace is cutting nearly 30 percent of its work force in a move the News Corp.-owned online hangout says will make it more efficient. The cuts amount to about 420 people, bringing the total number of MySpace's U.S.

July 29th, 2009 NEW DELHI - IT training service provider NIIT Ltd Wednesday reported 42 percent dip in net profits to Rs.9.9 crore for the quarter ended June 30 as against Rs.17 crore in the like period last year. However, the company recorded one percent increase in its net revenue to Rs.261 crore from Rs.259.5 crore, NIIT said in a statement.

March 24th, 2009 SCOTTSDALE - To effectively counter the challenges of India's rapid growth, JDA Software has outlined five key strategies to help companies establish an efficient, flexible supply chain and successfully address the operational challenges facing the country's expanding market. "To keep pace with India's growth rate, companies have been focused on building production capabilities, distribution networks and retail outlets resulting in complex supply chains with long lead times," said Stephen McNulty, regional vice president, Asia Pacific, JDA Software.

September 15th, 2009 Facebook says it passed key financial milestoneSAN FRANCISCO — Facebook Inc. said Tuesday it achieved an important financial milestone, bringing in more money than it spent in the last quarter.

June 10th, 2009 Facebook, like MySpace, lets users show full nameNEW YORK — Facebook is further embracing the real name culture it touts as one of its founding principles — and catching up with rival MySpace in the process. Starting at 12:01 a.m.

March 21st, 2009 94pc of Facebookers hate its latest makeover SYDNEY - Facebook has left 94 per cent of its users, participating in a new poll, facing disappointment after making changes to its services. The social-networking giant received the green signal from only six per cent of nearly 800,000 members who cast their votes.

July 10th, 2009 Power.com sues Facebook over access to users dataNEW YORK — A small Web company is handing the world's biggest online hangout a counterpunch. Power.com has sued Facebook, saying the site doesn't follow its own policy of giving users control over the content they share.

August 13th, 2009 If MySpace can have a Lite View Version why not Facebook?  In a bid to take on its arch-rival, the Social networking giant rolled out a slimmer version of its web site to the test audience. Facebook Lite is the new face of Facebook targeted at narrowband users.

April 21st, 2009 The Bangladesh government plans to prescribe 10 years' rigorous imprisonment for those involved in cyber crime.A bill approved by the cabinet will be introduced during parliament's session likely to begin in June to ensure legitimacy and security of the Information and Communication Technology (ICT). This was one of the poll promises made by Prime Minister Sheikh Hasina's Awami League along with a vision of a 'Digital Bangladesh 2020'.