Mark Zuckerberg’s note about Facebook’s latest privacy changes also contained an announcement about another important milestone for Facebook: 350 million users.

It’s a flabbergasting number, but even more amazing is the speed with which Facebook has managed to achieve it, trouncing its competitors, including the once mighty MySpace, in the process.

Back in August 2008 – less than one and a half years ago – Facebook has had 100 million users. It took about 5 months to reach 150 million, and after that Facebook has been adding another 50 million users roughly every three months, going from 150 million to 350 million in less than one year.

And despite its humongous size, Facebook is still growing when it comes to traffic. After a short summer slumber, Compete’s stats show solid growth for Facebook in October.

When it comes to social networks, history has shown that it’s hard to stay on top; sites like Bebo, hi5, and even MySpace, have all lost much of their former glory. But Facebook is getting bigger and bigger, with no strong competitor in sight. Will they become the Google of social networking, or is it just a matter of time until some new kid on the block takes away their users? Please tell us what you think in the comments.

Image courtesy of iStockphoto, Norebbo.

Tags: facebook, social networking

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Facebook’s Road to 350 Million Users