Earlier today Mark Zuckerberg, CEO and Co Founder of popular social networking site Facebook, announced that they have officially hit the 500 million user mark.

The 500 million users includes people from around the work that have been active on the social networking site for at least the last month.

Facebook has revolutionised the way we connect with friends and family by building an interactive social network whereby we can keep in touch.

To celebrate this great milestone, Facebook launched a new site called Facebook Stories. The idea behind Facebook Stories is to provide a platform where users of the social networking site can share their stories on how Facebook impacted their life and that of their friends.

With Facebook Stories you can share your own or read that of hundreds of others categorised by themes and locations around the world.

Currently there is only one story submitted by an South African named Susan Ettmayr, which got what she wanted through the power of Facebook.

Now that Facebook is 500 million users strong, do you think we will ever see another social network dominate like this and dethrone Facebook in our day and age?