Facebook is considered as the pioneer of social network websites. The idea about Facebook came from a seemingly boring online ‘hotter’ competition, which was held by Mark Zuckerberg. Then, he wrote the predecessor to Facebook, Facemash and forwarded to several universities in the US and, eventually, the whole world. Today, numerous websites copy what Facebook did but none of them can exceed Facebook.
The way that Facebook gains profits is like what TV shows, providing free service to users and charging ads published on Facebook. Facebook has built its unique way to attract people. The internet social network meets people’s needs to share their lives and keep in touch with friends, parents and colleagues in a more efficient way. Facebook even cultivates users’ habits to check it every day. No companies are not willing to see their advertisements on a website, which has 800 million active users and almost one trillion pageviews in every month.
Facebook has created more than $70 billion just in 7 years. It became the third biggest US web company in 2010. With its increasing number of users, its market value will ascend and it ‘has been identified as a possible candidate for an IPO by 2013.’(Business Insider)
WORK CITED:
1.“6 Reasons Groupon’s Rejection Of Google Is Great For The Universe”. Business Insider. December 10, 2010. http://www.businessinsider.com/google-groupon-deal. Retrieved January 13, 2011.