Zuckerberg: 1 Billion on Facebook Almost "Guaranteed"

Facebook CEO Mark Zuckerberg

After passing the 500 million user mark, Mark Zuckerberg says it's only a matter of time before Facebook reaches 1 billion users. In an interview with The Guardian, Facebook's CEO also said an initial public offering was in the company's plans.
On tour of UK, Facebook CEO Mark Zuckerberg predicts 1 billion users
Facebook CEO Mark Zuckerberg

  • Zuckerberg, who said he had recently met Prime Minister David Cameron "for just a minute [when] he was busy rolling out the budget", also admitted that one day he could see Facebook floating on the stockmarket - just not anytime soon.

  • He added that there was "no chance" Facebook, which has cracked the 500 million user mark, would hit 1 billion this year but argued that "it is almost a guarantee that it will happen".

  • "If we succeed [in innovating and remaining relevant] there is a good chance of bringing this to a billion people" it will be interesting to see how it plays out," he said speaking to two packed auditoriums - one via video link - at the Cannes Lions International Advertising Festival.

  • Facebook's global domination is almost complete, he said. "We are down to just four countries where we aren't the leading social network."

Separately, Zuckerberg said that the company would likely go for an IPO "at some point," adding that "it is probably not that different [running a public company compared with a privately held one]."
  • Charles Cooper On Twitter»

    Charles Cooper is an executive editor at CNET News. He has covered technology and business for more than 25 years, working at CBSNews.com, the Associated Press, Computer & Software News, Computer Shopper, PC Week, and ZDNet. E-mail Charlie.

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