The Wall Street Journal covers the latest announcement from Facebook that it has now reached 300 million users, another sign of the continued growth of this popular social networking site. This means that an extra 50 million users have been added since July, when the 250m mark was announced, so the upward growth curve continues at a rapid rate.

Of course all these users are not regular users of the site, but it still makes for an impressive user base of registered names, with 70% reported to be based outside of the US now. Facebook also claim to have moved into a positive cashflow situation now and are expected to earn more than US$500 million in revenue in 2009 - another significant growth in the past year, up more than 70% on the 2008 figure.