Social networking site celebrates by teaming up with 16 charities and advocacy groups

Just a few months after its fifth anniversary, Facebook Inc. today is set to welcome its 200 millionth user.

Facebook CEO Mark Zuckerberg said in a blog post this morning that the social networking site is on track to welcome its 200 millionth user before the day is out. To celebrate, the company has hooked up with 16 charities and advocacy groups that have created virtual gifts that users can buy for one another. Zuckerberg noted that 90% to 95% of the proceeds go to the charities, with the rest going toward administrative costs. None of it, he added, goes to Facebook.

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