'We are involved in numerous class action lawsuits and other litigation matters that are expensive and time consuming, and, if resolved adversely, could harm our business, financial condition, or results of operations.'

In addition to intellectual property claims, we are also involved in numerous other lawsuits, including putative class action lawsuits brought by users and advertisers, many of which claim statutory damages, and we anticipate that we will continue to be a target for numerous lawsuits in the future.

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The Importance of Facebook Cannot be Overstated

Selected slides from a larger comScore deck examining global social networking, microblogging and mobile trends. Select any thumbnail to embiggen.

In related news, it’s estimated that Facebook will attract its 1 billionth user this August. That’s 14 percent of the global population.

Images: via comScore.

So true.