Facebook reaches 500 million Users!

Last night (July 21, 2010) Diane Sawyer interviewed Facebook CEO Mark Zuckerberg about reaching the historical amount of 500 million users of Facebook.

Many tuned in to see the issues discussed; would it only be the celebration of the 500 million users, or would issues of privacy and the new Facebook movie be approached? Most viewers were not disappointed when many topics were touch on.

The Social Network, a movie about the birth of Facebook, depicts Zuckerberg on his journey from college dropout to CEO of a company worth approximately $20 billion.

“I just think people have a lot of fiction…. The real story of Facebook is just that we’ve worked so hard for all this time,” Zuckerberg said in his interview with Sawyer. “I mean, the real story is actually probably pretty boring, right? …We just sat at our computers for six years and coded.”

Sitting at their computers for six years and coding has certainly paid off.

When asked about an IPO in the future, Zuckerberg said, “What we’re most focused on is just building these tools that help people stay connected with the people that they care about. And at some point along the path, I think it’ll make sense to have an IPO. But we’re not running the company to do that. We’re running the company to serve more people.”

Another issue that has been brought up multiple times is Facebook fees. No one seems to want to pay a fee to have a Facebook profile.  Zuckerberg refuted that by saying, “Our commitment to users – and the people who use our service is that Facebook is a free service. It’s free now. It will always be free.”

In a blog post, Zuckerberg writes, “I could have never imagined all of the ways people would use Facebook when we were getting started 6 years ago. I want to thank you for being part of making Facebook what it is today and for spreading it around the world.”