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One billion users on Facebook

Facebook founder Mark Zuckerberg said "helping a billion people connect is amazing".

The social networking site Facebook has more than one billion users, founder Mark Zuckerberg announced on the site.

He said: "This morning, there are more than one billion people using Facebook actively each month.

"If you're reading this: thank you for giving me and my little team the honor of serving you.

"Helping a billion people connect is amazing, humbling and by far the thing I am most proud of in my life.

"I am committed to working every day to make Facebook better for you, and hopefully together one day we will be able to connect the rest of the world too."

Zuckerberg presents Russian PM with Facebook t-shirt

Facebook CEO Mark Zuckerberg, right, presents a t-shirt bearing the Facebook address to Russian Prime Minister Dmitry Medvedev. Credit: Reuters

Facebook found Mark Zuckerberg presented Russian Prime Minister Dmitry Medvedev with a t-shirt bearing the Facebook address when the pair met at the Gorki residence outside Moscow, Russia.

Facebook's shares slump

Facebook's shares sank 6.3% to a record closing low after early investors got the green light to sell for the first time since the social network went public.

Facebook's shares have slumped 6.3%. Credit: PA Wire

More than 270 million shares owned by early investors became available for trade on Thursday after a three-month curb on sales ended, more than half the 421 million shares sold in its initial public offering on May 18.

The company founded by Mark Zuckerberg became the first US company to debut with a market value of more than $100 billion.

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