Before I jump to the topic, let me just give brief introduction about the popularity for the social networking sites. millions of people using social networking sites in todays broadband era. Not just that, There are plenty social networking sites are available there such as Facebook, MySpace, Orkut, Flicker etc. All of them providing almost similar features and functionality for their users, That makes it difficult for them to remain popular in the market.
However, Facebook is one of the successful applications to maintain its popularity from past few years constantly. Now, when you talk about Facebook you must have to admit that, in this broadband era the one who uses internet and does not no about Facebook.
History for Facebook:
Facebook is a Social network site that started back in 2004 (by Mark Zuckerberg) out strictly for college students and was available by invitation only.
The company bought a domain name Facebook.com in 2005 in $2000000 US $. After that, they started adding features in their application rapidly and today Facebook is a cultural phenomenon across the globe. Today, there are 400 million active users not just from Universities or schools but from all other areas as well.
Facebook is one of the most simple light weight model for social networking web service. The growth and success story it self a self explanatory that, Facebook is an easy and simple application for users to use. Here is the video for how to register and use face book.
Here is the video that shows Facebook growth vs Twitter.
Financial aspect for Facebook:
- Facebook received its first investment of USD 500,000 in June 2004 from Paypal.
- September 2006, serious talks between Facebook and Yahoo took place concerning acquisition of Facebook, with prices reaching as high as $1 billion. By then a board member of Facebook, indicated that Facebook’s internal valuation was around $8 billion based on their projected revenues of $1 billion by 2015.
- n August 2008, Business-week reported that private sales by employees, as well as purchases by venture capital firms, had and were being done at share prices that put the company’s total valuation at between $3.75 billion and $5 billion.
- Revenue for the Facebook is Staggering 300 million US$ (2008 est.).
Facebook is also generating money from the advertisements displaying on slide bar. Soon Facebook is going to lunch light weight application for mobile users calles m.facebook.com.
Slides how you can use facebook for your business going on this link (http://www.slideshare.net/mikeging/facebook-for-business-101-cost-effective-marketing-using-facebook).
Finally, here is the video that gives you all important facts and figure for Facebook.
References:
http://en.wikipedia.org/wiki/Facebook
http://social-networking-websites-review.toptenreviews.com/facebook-review.html
http://www.allfacebook.com/2010/02/facebook-launches-facebook-zero-–-a-light-weight-mobile-site/
http://www.slideshare.net/mikeging/facebook-for-business-101-cost-effective-marketing-using-facebook
