Facebook has 1 billion users

Facebook CEO Mark Zuckerberg said Thursday that the social networking site registered more than 1 billion active users in one month. He thanked users and said he is committed to making Facebook even better.

Zuckerberg also said that the company has been going through some difficulties since its initial public offering. There are still concerns about its potential earnings. Investors believe that Zuckerberg does not have a clear development strategy. He also has to fend off lawsuits from disgruntled shareholders. After Facebook's failed IPO (on August 18, the share price halved to $19), "he has worked hard to build trust between investors and the public."

The 28-year-old CEO believes he is the right person to lead Facebook out of its predicament, although some experts on Wall Street, have questioned his ability to lead a large company.

"I take that responsibility very seriously," the young billionaire affirmed.
On the premarket, shares of Facebook Inc rose 45 cents (2.1%) to stand at $22.28. The stock closed Wednesday at $21.83, up 43% from its IPO of $38.