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Facebook Is A Social Networking Service

Facebook was launched in 2004 and currently has over 800 million active users. It was created by Mark Zuckerberg at Harvard and has grown significantly since then. Facebook's revenue has also grown substantially each year, reaching over $4 billion in 2011.

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83 views11 pages

Facebook Is A Social Networking Service

Facebook was launched in 2004 and currently has over 800 million active users. It was created by Mark Zuckerberg at Harvard and has grown significantly since then. Facebook's revenue has also grown substantially each year, reaching over $4 billion in 2011.

Uploaded by

Deepam Dua
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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Facebook is a social networking service Web site was launched on February 4th 2004, operated and privately owned

by Facebook Inc. As of Sept. 2011, Facebook has more than 800 million active users

HISTORY
Mark Zuckerberg wrote Facemash, the predecessor to Facebook, on October 28, 2003, while attending Harvard as a sophomore. According to The Harvard Crimson, the site was comparable to Hot or Not On February 4, 2004, Zuckerberg launched "Thefacebook", originally located at thefacebook.com. Six days after the site launched, three Harvard seniors, Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra, accused Zuckerberg of intentionally misleading them into believing he would help them build a social network called HarvardConnection.com It expanded Facebook was then opened on September 26, 2006, to everyone of age 13 and older with a valid email address.

Total active users

Date

Users (in millions)

Days later

Monthly growth

August 26, 2008

100

1,665

178.38%

April 8, 2009

200

225

13.33%

September 15, 2009

300

160

9.38%

February 5, 2010

400

143

6.99%

July 21, 2010

500

166

4.52%

January 5, 2011

600

168

3.57%

700

September 22, 2011

800

260

1.65%

Ownership
Mark Zuckerberg owns 24% of the company Accel Partners owns 10% Digital Sky Technologiesowns 10% Dustin Moskovitz owns 6% Eduardo Saverin owns 5% Sean Parker owns 4% Peter Thiel owns 3% And rest is owned by some other people and unknown celebrities

Revenue
Revenues (estimated, in millions US$)
Year Revenue Growth

2006

$52

2007

$150

188%

2008

$280

87%

2009

$775

177%

2010

$2,000

158%

2011

$4,270

114%

Website

Its a gift
It creates social awareness Helps in meeting the known ones Helps in meeting new people Helps in knowing whats happening around the globe Finishes communication barriers

Criticism
Banned in some countries Privacy control Security control Bad impact

Future

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