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Social networking site Facebook announced that it has over 300 million active users, with 50 percent logging on to the site in any given day. The company also announced that it was able to achieve its goal of a positive cash flow last quarter.

Facebook Chief Executive, Mark Zuckerberg said, “Earlier this year, we said we expected to be cash flow positive sometime in 2010, and I’m pleased to share that we achieved this milestone last quarter. This is important to us because it sets Facebook up to be a strong independent service for the long term.”

“Because we want to make it as easy and fast as possible for the world to connect, one of the things we think a lot about is how to make Facebook perform even faster and more efficiently as we grow. We face a lot of fun and important challenges that require rethinking the current systems for enabling information flow across the web,” added Zuckerberg.

According to the statistics posted by the company, an average user has 120 friends on the site, more than 6 billion minutes are spent on Facebook each day (worldwide), more than 40 million users update their statuses at least once each day, and more than 10 million users become fans of Pages each day. In addition, there are more than 65 million active users currently accessing Facebook through their mobile devices.

“Over time, Facebook will continue to be as strong as all of the connections you make. We’ll continue building new and better things to make connecting with the people you care about as easy and rewarding as possible. We thank all of you for helping us reach the point where we are connecting 300 million people, and we hope to serve you and many more people in increasingly deep and innovative ways in the months and years ahead,” concluded Zuckerberg.

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