LONDON - Facebook finally has achieved a positive cashflow, five years after its creation.
The social networking site, which has 300m users and has been valued at up to £6bn, is making enough money to cover its costs earlier than expected. It had projected that it would start to break even in 2010.
The site launched a revamped search engine last month and is trialling an online payment system.
Facebook's income is likely to grow 70% this year and the number of users has trebled over the past 12 months.
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