Well on the way to profitability and its 1 billion user goal, Facebook founder and CEO Mark Zuckerberg has posted today on his blog that the site has reached 300 million users today, as well as gone “cash flow positive.”
Zuckerberg added however that 300 million is just the beginning and the site “is just getting started on our goal of connecting everyone.”
Perhaps more interestingly is the fact that the site is now profitable, much earlier than expected. “Earlier this year, we said we expected to be cash flow positive sometime in 2010,” Zuckerberg added. “And I’m pleased to share that we achieved this milestone last quarter.”
You can read the full Facebook post here: 300 Million and On by Mark Zuckerberg
Result for: last quarter
According to new data from iSuppli, the HDTV maker Vizio has now become the leading North American LCD maker, taking the spot from Samsung.
For the Q1 2009 ended March 31st, the company’s market share jumped from 13.8 percent last quarter to 21.6 percent. Samsung’s market share only dropped slightly, but enough to move it to second place, at 19.9 percent.
iSuppli says Vizio’s success is directly related to the ongoing global recession. “Since the onset of the downturn, with budgets becoming increasingly tight, consumers are finding the company’s inexpensive sets more alluring,” iSuppli analyst Riddhi Patel added.
On average, 42-inch Vizio LCDs retail for $850 USD, while competitors such as Samsung and Sony sell theirs for $100-200 USD more.
Result for: last quarter
Apple has announced that they have dropped the price of their popular iPod Shuffle model after growth drastically slowed for the last quarter.
The 1GB 2nd Generation Shuffle will now cost a reasonable $49 USD. The company also introduced a 2GB version that will cost $69 USD.
A company statement showed that the player saw slowed growth to 5 percent last quarter, compared to 15 percent for the year and a half preceding it.
“This makes the Shuffle more competitive in terms of a price-capacity ratio,” NPD Group’s Ross Rubin said in an interview from New York. “While Apple had a good holiday season, the market has been slowing down somewhat.”
To date Apple has sold over 140 million iPods, including Shuffles, “classic” iPods, and the new Touch model.
