facebook created by: jeremy susan madhvi. background information about facebook founded in 2004 by...
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BACKGROUND INFORMATION ABOUT FACEBOOK
Founded in 2004 by Mark Zuckerberg,
Eduardo Saverin, Dustin Moskovitz, and
Chris Hughes.• Initially just for Harvard students• Expands to other Ivy League schools• Moves into other colleges and high
schools before going to general public age 13 or over
INNOVATOR ON THE INTERNET
First to link people through profiles
and friend lists
Easy to navigate for casual computer
users
Links multiple pages based on
individual interests
Real time news feed to give information to
friends
First to require real identity and a high level of
customization not available on other networking
sites.
Business Marketing• Lets you target market your business to
specific age groups and areas of the world
INNOVATION LEADS TO TREMENDOUS GROWTH
Has gone from thousands of
users in 2006 to over 600 million
users as of January 2011.
In major markets Facebook is
consistently in the top 3.
FACEBOOK NO.1 NETWORKING SITE IN
MARKETS
• United States
• Australia• Philippines• Indonesia• Malaysia• Singapore• New Zealand• Hong Kong• Vietnam
FUTURE OUTLOOK
Net worth estimated to be in the 50 to 70 billion
dollar range.
Estimated revenue for 2010 was 2 billion dollars
Purchasing unique web support companies to keep
all business in house.
Current large investors include Microsoft, Goldman
Sachs and PayPal founder Peter Thiel.
IPO (Initial Public Offering) being projected for
2012.
When made public worth may reach the 100 billion
mark.
Mark Zuckerberg is one of the youngest billionaires
with a net worth of approximately 14 billion dollars.