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Facebook to celebrate 500 million users in June

Facebook is on track to reach 500 million users by June, despite a backlash over a series of recent anti-privacy changes that mean more and more users’ information is exposed to everyone on the web. The unofficial but generally reliable All Facebook blog reports that the social network is planning a major celebration once the milestone is reached.

Facebook is on track to reach 600 million users and $1bn in revenue by the end of 2010. The social networking site had less than a third that number of users just 12 months ago.