Facebook is the largest social network of seconds on the web, behind only MySpace in terms traffic. is geared to particular students, Facebook has gained market share, and support, although a substantial basis. Since its launch in February of 2004, over 8 million users in the U.S. alone to get into the world and to expand, followed by 7 other English-spe cheap nfl jerseys aking countries, others will. A growing phenomenon, we will discover Facebook. Facebook have already risen significantly since the early days of the company. According to documents filed with the California Department of Corporations, the common shares of Facebook at 78 cents was set in January 2006. In May of this year rose to $ 8.05. In August of this year were $ 6.61. Incorporation in Delaware filings show that Facebook, by its shares on July 4 to 1 split in 2006, is based on a split-adjusted basis the shares was set at 19.5 cents in January 2006. This means that the sense of trust Facebook has more than 33 times in less than two years increased. Facebook has not the price of its common stock following discloses theinvestment. But on 18 October, when presented with the State of Delaware, split its shares four for one again.
Facebook is a social networking website that allows people to communicate with their friends and exchange information. Launched on February 4, 2004, Facebook was founded by Mark Zuckerberg, a former member of the Harvard Class of 2006 and former Ardsley High School student. Within months, Facebook and its core idea spread across the dorm rooms of Harvard where it was very well received. Soon enough, it was extended to Stanford and Yale where, like Harvard, it was widely endorsed. Before he knew it, Mark Zuckerberg was joined by two other fellow Harvard-students - Dustin Moskovitz and Chris Hughes - to help him grow the site to the next level. Only months later when it was officially a national student network phenomenon, Zuckerberg and Moskovitz dropped out of Harvard to pursue their dreams and run Faceboo nfl apparel k full time. In August 2005, the Facebook was officially called Facebook and the domain facebook.com was purchased for a reported $200,000.
Availability
Unlike its competitors MySpace, Friendster, Xanga, hi5, Bebo, and others, isn’t available to everyone — which explains its relatively low user count. Currently, users must be members of one of the 30,000+ recognized schools, colleges, universities, organizations, and companies within the U.S, Canada, and other English-speaking nations. This generally involves having a valid e-mail ID with the associated institution.
Business & Funding
Given the situation other social networks on the web are facing, Facebook is in a good position financially. While it hasn’t managed to get acquired like its rival MySpace (despite some rumors about an $800m deal with Viacom), it’s been quite lucky in most aspects. For its initial funding, it received $500,000 from Peter Theil, co-founder of PayPal. A few months later, it was also able to get $13 million from Accel Partners, who are also investors in 15 other Web 2.0 startups, and $25 million from Greylock Partners, making their overall venture equal to approximately $40 million.
The Future
Facebook is a massively successful social networking service that grew to prominence in virtually no time. It’s not hard to see why: its features and tools are highly appealing, and Facebook users are extremely well networked in real life. Rumors of an acquisition continue to circulate, with some estimates putting the price in the billions of dollars. In the short term, however, Facebook plans to go it alone, continuing to build out one of the world’s most 10 Steelers jersey successful social networks.
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