Founded by Harvard Student Mark Zuckerberg in February 2004
Originally only available to students at Harvard (called The Facebook)
December 2004: Facebook user base stands at 1 Million.
PayPal co-founder Peter Thiel gives Facebook $500,000
August 2005: Facebook.com is launched
September 2005: More universities, high schools and colleges added
2006: Facebook declined an offer of $750 Million from a buyer
2007: Facebook launches its free classified Ads service (Marketplace)
2007: Facebook Platform launched
October 2007: Microsoft buys 1.6% stake in Facebook: $240 Million.
November 2007: Facebook Ads Service announced
How it Compares… -Stats Statistics correct as at November 2007 14-18 18-24 Primary Age Group 350,000 200,000 New Users Daily 185 Million 50 Million Current Users MySpace Facebook
How it Compares… -Features ✗ ✓ Tagging of Friends ✗ ✓ Ease of use (i.e. navigation) ✗ ✓ Easy to share things with friends ✗ ✓ Finding Friends ✓ ✓ Community: Groups, Events etc ✗ ✓ Specialist Networks ✓ ✗ Editable profile layouts & themes ✗ ✓ Customisable Applications ✓ ✓ Videos & Pictures ✓ (limited) ✓ Privacy Controls MySpace Facebook
Pros and Cons Let’s look at a few of the pros and cons of Facebook * Dependant on privacy settings Distraction (from work) Sharing of Pictures, Videos and Notes (Blogs) Privacy Concerns * Many fields for personal information No profile themes Simple layout Unwanted Advertising * Customizable Applications Annoying Notifications Friend Finder Cons Pros