Just today, Facebook reached a new milestone that shows the prominent growth within the company. The company announced that its users are now viewing more than two billion videos on the site each month. Plus, there are more than 20 million new videos uploaded each month by Facebook users. This astounding growth is only secondary to the fact that the site is now reaching 500 million users.

To put this into perspective, consider YouTube.com, which is by far the largest video sharing site on the web. YouTube.com sees some two billion vides added to the site each day. Keep in mind, though, that Facebook is not just for video sharing in that it offers many other ways for users to communicate.

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