THE BUSSINESS BEHIND FACEBOOK
Prior to Facebook people had to use detective work and old fashioned stalker technology to find out what their exes and goof ball best friend from third grade was up to. Those were hard times. By 2010, Facebook has
inundated the earth so thoroughly that you will never have to rely on a shady private eye to stalk your friend and enemies again. And here are few facts about business behind incredible website.
FACEBOOK WAS LAUNCHED BY HARVARD STUDENT MARK ZUCKERBERG AND HIS ROOMMATES IN FEBRUARY 2004, BUT IT DIDN’T TURN A PROFIT UNTIL LATE 2009. It was initially
called - The Facebook and was a site for Harvard students to connect with one another.
WITHIN A MONTH, OVER HALF OF HARVARD'S UNDERGRADUATE POPULATION HAD A PROFILE ON "THE FACEBOOK.” In the summer of 2004,Paypal cofounder PETER THEIL PLOPPED
DOWN $500,000 FOR FACEBOOK'S FIRST ROUND OF FUNDING.
"IN LESS THAN A YEAR, ANOTHER $12.7 MILLION WAS INVESTED BY A VENTURE CAPITAL GROUP. Over the next five years,a German Internet company,a Hong Kong billionaire,a Silicon Valley
company and a Russian investment firm all invested millions more into the company with Facebook yet to turn a profit.
AS OF JULY 2010,OVER 500 MILLION PEOPLE ARE USING FACEBOOK (500 million friend requests'). IN MICROSOFT 2006 INVENTED OVER $240 MILLION TO BECOME FACEBOK SOLE
PROVIDER OF BANNER ADVERTISEMENTS For comparison, there are about 500 million people living in the entire European Union.
IN THE SPRING OF 2010 FACEBOOK BECAME THE MOST VISITE US, EVEN SURPASSING GOOGLE. FACEBOOK GETS A 30% CUT OF THE CREDIT .TRANSACTIONS. FACBEOOK GAMES
ARE BIG BUSINESS.
CLAIMED OVER 83,000,000 ACTIVE USERS IN FEBRUARY 2010.
INDUSTRY SOURCES CLAIM FACEBOOK MADE BETWEEN $600 MILLION AND $700 MILLION IN 2009.
$225 million came from $50 million from rosoft 0dJ*ilWnfl $10 million from $350 million from. According to Facebook, there are managing their own advertising campaigns on the site. Unfortunately, this also leads to
embarrassing connections. One bride-to-be kept getting targeted for weight loss ads. Once indicated she had married on her profile, she started getting fertility advertisements.
They are projected to generate between $1 billion and $1.1 billion i k in 2010.
IT IS ESTIMATED THAT FACEBOOK WAS OPERATING WITH AS OF LATE 2009. IN COMPARISON, GOOGLE IS RUMORED TO USE RUMORS OF AN IPO HAVE | BEEN SWIRLING SINCE
As of July, 2010, founder Mark Zuckerberg. As of July, 2010, founder Mark Zuckerberg claims the initial public offering will happen 'when it makes sense', PERFORMANCE ADVERTISING LETS MARKETERS
TARGET THEIR POTENTIAL CUSTOMERS THROUGH KEYWORDS, AGE, LOCATION AND PAGES OTHER FRIENDS 'LIKED