Facebook Hits Incredible Milestone

Socialbakers.com reports that Facebook (NYSE:GS) (NASDAQ:MSFT) is about to hit the 700 million user mark. That’s 700,000,000 people, more than double the U.S. population, who are registered on the mammoth social networking site. Facebook is officially a global brand, as the site is attracting its highest growth in new registered users in emerging markets in Asian and South American nations. The top 3 growth countries for new users last month were Brazil (NYSE:EWZ), which added 1.9 million people, and Indonesia and the Philippines which chipped in about 1.5 million each. Also among the top ten growth countries were Middle-Eastern nations Egypt and Turkey.

Facebook continues to grow at an insanely rapid pace. Having eclipsed the 500 million user mark only last summer, the company’s projected growth rate should add another 50% on top of its existing user-base by the end of August. If this trend continues, the social-networking pioneer might represent the first fully globally integrated poplar forum.

Check out some more mind-numbing Facebook stats from theweek.com and “PC Mag.”

100 Billion: the expected number of photos to be hosted on Facebook by the end of the summer.

3: Facebook’s would-be global rank in terms of sheer population, if it were a country of its own. Only China and India have more people.

150 Million: The number of Facebook users in the United States alone, more than any other country.

With an IPO looming in the near future, these gaudy numbers are sure to have potential investors and underwriters drooling at the prospect of owning a share of the social mega-network. The social media revolution has yet to make its impact on Wall Street, but when Zuckerberg and his cadre of geniuses finally decide to offer public markets a share of the company, demand should reach titanic proportions.

Competitors to Watch: Google (NASDAQ:GOOG), LinkedIn (NYSE:LNKD), News Corp’s Myspace (NASDAQ:NWSA), Renren (NYSE:RENN), Bidu and AOL (NYSE:AOL).

Here’s the One Facebook Investor Which Gets NO Respect>>

More from The Cheat Sheet