Facebook reported quarterly earnings on Tuesday, and they show the world's largest social network just keeps growing.
Now, 1.35 billion people use Facebook at least once a month, up 14 percent over the same time last year.
As USA Today's Jon Swartz pointed out on Twitter, that nearly equals China, the world's most populous country:
And it's more than four times the population of the United States.
(Facebook is for the most part blocked in China, though CEO Mark Zuckerberg was there last week and showed off his Mandarin skills.)
Although Facebook's stock price dropped
9 percent in after-hours trading on Tuesday, it has reached record
highs in recent days, pushing the value of the company even higher. As
of the market's close on Tuesday, Facebook's market capitalization was
over $208 billion, more than longer established companies like Walt
Disney, Nike, Bank of America and Coca-Cola.
David Cameron's plan to change Britain’s relationship with Brussels was dealt
a significant blow on Tuesday as Nick Clegg blocked his attempts to
legislate for a referendum and one of his closest allies said he would not
be able to limit migration from the European Union.
The Liberal Democrats killed off any chance of the Conservatives’ EU
Referendum Bill passing through the Commons. Mr Clegg was accused by
Conservatives of “weakening Britain’s hand in Europe”.
It left Coalition relations at a new low and will make it harder for the
Conservatives to counter the threat of the UK Independence Party before the
general election.
Nick Boles, an education and business minister, said Mr Cameron may “never be
able to control” immigration from within the European Union and voters will
have to accept that “a very large” number of foreigners will come to the UK
every year.
In comments that prompted anger in Downing Street, he admitted that the
Conservatives face an uphill struggle to change the rules that allow an
unlimited number of EU migrants to work and live in the UK.
Mr Cameron has pledged to renegotiate Britain’s relationship with the EU
before holding an in-out referendum in 2017.
The Prime Minister used his speech earlier this month at the Conservative
Party conference to insist that he will put reform of the principle of
freedom of movement “at the very heart of my renegotiation strategy for
Europe”.
However, when asked about restricting EU migration, Mr Boles told Total
Politics magazine: “We may never be able to control it entirely, because
it’s a fundamental principle of the EU, but it will be very hard for the
British people to accept that, for as long as Britain remains the most
dynamic economy in the EU, we’re going to be the net recipient of a very
large amount of immigration every year.” The intervention comes weeks before
a by-election in Rochester and Strood caused by the defection to Ukip of
Mark Reckless, a former Conservative MP.
The Prime Minister on Tuesday night dropped legislation enshrining an EU
referendum in law after Mr Clegg demanded curbs to the spare room subsidy,
called the bedroom tax by critics, as his price for support.
Bob Neill, the Tory MP who brought forward the proposals, said that Mr Clegg’s
party had “killed off” his Bill and accused it of using “Westminster tricks
to try to deny the British people a say” on Europe.
A senior Lib Dem source rebuffed the claims, saying it was the Tories’
decision to offer a “completely unfair deal” which led to the Bill being
dumped.
It is understood Mr Cameron and Mr Clegg clashed angrily over the EU Bill
during private talks in the past two days.
A Lib Dem source said: “The truth is [the Conservatives] have folded like a
cheap deckchair and are trying to make us take the blame by adding
ridiculous conditions they knew we would not and could not accept.
“The only logical conclusion that can be reached is that the Tories don’t
really want their Bill to pass and are trying to set the Lib Dems up as the
scapegoats.”
Mr Neill said: “The Lib Dems have killed off our chances of putting into law,
this side of an election, an in-out EU referendum by 2017. They didn’t have
the guts to vote against an EU referendum in the House of Commons. Instead
they have used Westminster tricks to try to deny the British people a say on
their membership of the EU.”
He added: “They are putting up two fingers to the British public.”
Mr Boles compounded Downing Street’s frustration by casting doubt on Mr
Cameron’s ability to get meaningful reforms in Brussels.
He said that the Government has taken “draconian steps” to curb immigration
from outside the EU but warned that “all that has done is reveal to people
that there’s another big chunk of it that we can’t control”.
Mr Boles later clarified his remarks.
He said: "I do not believe and did not say that we cannot seek changes to
the way immigration works within the EU. Quite the contrary, I think it is
essential that we do so.
"The Prime Minister is quite right to put the control of immigration from
the EU at the very heart of his negotiation for a better deal for Britain in
Europe – and then put that new deal to the British people in an in-out
referendum in 2017. The British people want this issue sorted and I am
absolutely confident that David Cameron will do just that.”