Facebook - The Complete Biography Computers Articles | November 21 NMD Red Shoes For Sale , 2007

Facebook isthe second largest social network on the web, behind only MySpace in terms of traffic. Primarily focused on high school to college students, Facebook has been gaining market share, and more significantly a supportive user base. Since their launch in February 2004



?the second largest social network on the web, behind only MySpace in terms of traffic. Primarily focused on high school to college students, Facebook has been gaining market share, and more significantly a supportive user base. Since their launch in February 2004 NMD Grey Shoes For Sale , they?ve been able to obtain over 8 million users in the U.S. alone and expand worldwide to 7 other English-speaking countries, with more to follow. A growing phenomenon, let?s discover Facebook.


acebook?s California Department of Corporations, Facebook?s common shares were priced at 78 cents in January of 2006. By May of that year, they had jumped to $8.05. In August of this year, they were $6.61. Incorporation filings in Delaware show that Facebook split its shares 4-to-1 in July of 2006 so on a split-adjusted basis the shares were priced at 19.5 cents in January 2006. That means Facebook?s sense of its own worth has risen by more than 33-fold in less than two years. Facebook hasn?t filed the price of its common shares following the Microsoft investment. But on October 18, if filed with the State of Delaware to split its stock four for one again.


History


Facebook is a social networking website that allows people to communicate with their friends and exchange information. Launched on February 4 NMD White Shoes For Sale , 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 NMD Black Shoes For Sale , 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 Facebook full time. In August 2005, the Facebook was officially called Facebook and the domain facebook was purchased for a reported $200,000.


Availability


Unlike its competitors MySpace, Friendster, Xanga, hi5 NMD Shoes For Sale , Bebo, and others, Facebook 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 Adidas NMD Pink For Sale , 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 Adidas NMD Red For Sale ,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.