Los Angeles, Feb 3: Social networking website Facebook is celebrating its 10th birthday this week, marking a decade of ups and downs that has all over with outstanding profits, over one.2 billion users worldwide and the need to keep expanding so as not to collapse.
The company launched by Mark Zuckerberg Feb 4, 2004, whereas a student at harvard university has created for multitudes of people a distinct way to share experiences – and for others to gossip – that has created profitable like ne’er before capitalising on the primitive human wants for communication and acceptance.
Facebook’s impact has been such that it created a new meaning for the word “friend” – as in “to friend someone on Facebook” – a category encompassing acquaintances or contacts who, for whatever reason, are interested in following a person’s Facebook posts.
In 2013, Facebook posted revenues of $7.87 billion, of that $1.5 billion were pure profits, and to that should be added the over $11 billion in money that the company has on hand.
Facebook has made Zuckerberg, who in may can turn 30, one of the wealthiest people on the planet.
The online network, that has hit it big as a business by broadening its social base, looks to be maxing get into terms of numbers of users.
At the same time, it’s stopped being a novelty for young Americans.
Between Jan 2011 and Jan 2014, for example, Facebook lost over 3 million users between the ages of thirteen and 17. the same issue occurred in the 18-24 age group, iStrategyLabs said in a recent report.