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Facebook Says It's Making a Profit

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Facebook is bringing in more money than it's spending. The social networking site says cash flow became positive during its most recent quarter.

Facebook says it is now bringing in more money than it is spending. The social networking site had previously said it expected to achieve this goal sometime next year. The company also says its users have grown to 300 million worldwide.

In a blog post on Facebook's website Tuesday, founder and Chief Executive Mark Zuckerberg wrote that the company became “cash-flow positive" during the last quarter.

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