"Scratch Facebook from the list of web 2.0 startups that don't make money: The world's largest social network said today it has become profitable.
Co-founder and CEO Mark Zuckerberg said Facebook had crossed the 300 million registered-user milestone and that it had become "cash-flow positive" in the second quarter, ahead of schedule. Previously, Facebook had said it was targeting profitability "sometime in 2010."
This is significant for a number of reasons, but mostly because it has done so without a fully developed advertising business."
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