Best of the next-gen and previous-gen deals
Facebook tops one billion users
Facebook CEO Mark Zuckerberg says the social networking site now has more than one billion active users (AP)
Facebook has topped one billion users but the past few months have not been easy, its founder had admitted.
CEO Mark Zuckerberg says the company is going through a bit of a "rough cycle" after its rocky initial public offering in May.
Mr Zuckerberg also updated his Facebook status to announce that the social networking site has more than one billion active users each month.
The company has had a difficult time. There were trading glitches the day it went public and concerns about its revenue potential. It is also facing lawsuits from disgruntled shareholders.
Mr Zuckerberg said in an NBC interview that "we're in a tough cycle now and that doesn't help morale, but people are focused on what they're building".
The 28-year-old also continued to insist that he is the right person to lead Facebook. Some on Wall Street have questioned whether he has the ability to lead a large public company.
"I take this responsibility very seriously," he said.
Last month, Mr Zuckerberg gave his first interview since Facebook's shaky IPO and he has been trying to boost confidence among investors and the public.
He says that Facebook's future is about mobile. The company has been criticised in the past for not capitalising on mobile quickly enough.
Facebook Inc's stock gained 45 US cents (27p), or 2.1%, to 22.28 US dollars (£13.78) in pre-market trading. The shares closed at 21.83 dollars (£13.50) on Wednesday, off 43% from its 38 dollars (£23.50) IPO price.