Social networking site Facebook finally sees some profits.

September 16, 2009 – 12:33 pm – No Comment

Facebook has been operating in the red since the beginning of the company just a handful of years ago. Today it was reported that the company is finally beginning to have profitable operations and that according to CEO Mark Zuckerberg, the company is now cash flow positive and has been since the second quarter.

From the Facebook Blog as posted by Zuckerberg:

“We’re also succeeding at building Facebook in a sustainable way. Earlier this year, we said we expected to be cash flow positive sometime in 2010, and I’m pleased to share that we achieved this milestone last quarter. This is important to us because it sets Facebook up to be a strong independent service for the long term.

Over time, Facebook will continue to be as strong as all of the connections you make. We’ll continue building new and better things to make connecting with the people you care about as easy and rewarding as possible. We thank all of you for helping us reach the point where we are connecting 300 million people, and we hope to serve you and many more people in increasingly deep and innovative ways in the months and years ahead.”

In a previous release from Facebook, the company was not expected to be cash flow positive until sometime in 2010, so seeing profits in the second quarter 2009 is a welcomed surprise.

Facebook also boasts more than 300 million users all across the world.