Mark Zuckerberg, CEO of Facebook, told Bloomberg he plans to expand his staff by 50 percent this coming year. The site currently employs 1,000 people.
The recession has taken its toll on many businesses worldwide, but Facebook has taken advantage of the human capital surplus that exists in the U.S. and the company will continue to do so.
'No one else has been hiring. It's been a great environment for us because the economy has helped out,' said the 25-year-old CEO to Bloomberg.
Sheryl Sandberg, Facebook COO, claimed revenue would experience an impressive 70 percent increase in growth in 2009. Last week, Sandberg also told The Guardian that the company was profitable over the last six quarters before interest and tax and that it will be 'cash flow profitable' in 2010.
Zuckerberg's aggressive hiring intentions are understandable. Although he made no mention of a deadline, the young CEO told Bloomberg that Facebook will eventually cater to 1 billion users. The site currently enjoys 250 million Facebookers, so Zuckerberg's goal could be classified as ambitious. Furthermore, it will require more manpower.
The recession has taken its toll on many businesses worldwide, but Facebook has taken advantage of the human capital surplus that exists in the U.S. and the company will continue to do so.
'No one else has been hiring. It's been a great environment for us because the economy has helped out,' said the 25-year-old CEO to Bloomberg.
Sheryl Sandberg, Facebook COO, claimed revenue would experience an impressive 70 percent increase in growth in 2009. Last week, Sandberg also told The Guardian that the company was profitable over the last six quarters before interest and tax and that it will be 'cash flow profitable' in 2010.
Zuckerberg's aggressive hiring intentions are understandable. Although he made no mention of a deadline, the young CEO told Bloomberg that Facebook will eventually cater to 1 billion users. The site currently enjoys 250 million Facebookers, so Zuckerberg's goal could be classified as ambitious. Furthermore, it will require more manpower.
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