Facebook is set to pass the significant milestone of 1 billion users in August

by: Naushad Sufyan

 

 

 

 

 

According to Gregory Lyons, a senior analyst at iCrossing, Facebook will reach the milestone in August. Using linear regression on date from 2008 until the end of last year, Lyons created the following chart:

 

 

Facebook recently announced that they’ve earned $1 billion in revenue and now studies claim that Facebook is about to hit 1 billion users in August. According to last report by Facebook in September, Facebook currently has 800 million users, that means one-seventh people of the whole world are now on Facebook.

In a blog post, Lyons reveals that Facebook’s growth in the U.S. and U.K has slowed or even stopped, but he expects India and Brazil, among other nations, to help reach the 1 billion mark. “Both are large countries with millions of potential users who have yet to sign up to Facebook,” he adds. “With only 3% of India’s population on Facebook and 16% of Brazil’s (compared to 49% of America’s population or 47% of the UK’s population) countries such as these will clearly contribute heavily to Facebook’s continued growth.”

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