Facebook Now Has 500 Million Users

Facebook announced yesterday that the site had reached 500 million users. Only five months ago, Facebook had 400 million users. Over the past three years, Facebook’s torrid growth rate has turned the former dorm-room project into one of the web’s most powerful websites. Despite its massive size, Facebook has shown relatively little interest in the music space, even allowing competitor Myspace to purchase its largest music related application, iLike. More info here.