Jonathan Li's Blog

Compared to many businesses that are mainly based on the income of sales, Facebook emerges as a new business through its ability to produce a service that surpasses any seen before. Mark Zuckerberg, born on May 14, 1984 started “The Facebook” in Harvard in 2004 of February and was originally a concept that would encompass the idea of a social network for those in Harvard. Soon after, this network flourished and became open for all those who had computer access.

This business, originally did not have too many financial goals in mind, however, the explosion of members created a new image and reputation for this now, widely renown social network. Zuckerberg was not only brilliant in his ability to program but his profound insight in creating a network that drew everyone onto this webpage. Approximately 3 years later, with over 1-million users Zuckerberg carefully and thoughtfully implemented advertising that not only were accepted by world renown businesses and gave him an enormous sum of revenue.

After the company had reach the 500 million-user mark Zuckerberg explained: “I guess we could … If you look at how much of our page is taken up with ads compared to the average search query. The average for us is a little less than 10 percent of the pages and the average for search is about 20 percent taken up with ads … That’s the simplest thing we could do. But we aren’t like that. We make enough money. Right, I mean, we are keeping things running; we are growing at the rate we want to.”

Under the definition of Entrepreneurship from the “quickmba” website, Facebook not only falls under all the categories as “Amount of wealth creation, Speed of wealth creation, Risk, and Innovation”, but also is seen as one of the worlds fastest growing internet website in the world.

THANK YOU MARK ZUCKERBERG FOR HELPING US CREATE A WEBPAGE THAT LEAD TO AN INSURMOUNTABLE AMOUNT OF PROCRASTION BEFORE EXAMS!