Facebook A Social Networking Sites At The Moment

Introduction Facebook is one of the most famous social networking sites at the moment. It was launched in February 2004 and it is owned by Mark Zuckerberg and his Harvard college roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. The website at the start was only for Harvard students but it soon expanded to colleges in the Boston area, then the Ivy League and Stanford University. When the website first started it was called The Facebook but was later changed to just Facebook . History of Facebook ïÆ'Ëœ February 4, 2004 – Mark Zuckerberg and his friends start Facebook or as it was called at that time â€Å"The Facebook† ïÆ'Ëœ June 2004 – Facebook gets its first investors. Peter Theil invests†¦show more content†¦Ã¯Æ'Ëœ October 1, 2010 – The Social Network, a movie about the owners and history of Facebook, premiers. ïÆ'Ëœ June 2010 – Facebook releases the popular ‘like’ button. ïÆ'Ëœ September 2011 – Facebook introduces Timeline, the space on your profile where you can see your own posts, posts from friends and stories you re tagged in organized by the date they were posted. ïÆ'Ëœ February 1, 2012 - Facebook files for an initial public offering. ïÆ'Ëœ April 24, 2012 – Facebook now has 900 million active users. ïÆ'Ëœ May 18, 2012 – Facebook shares go on the stock market. The people that own parts of the company all control the financial structure of Facebook. They all get a say in the decisions that the company makes but since Mark Zuckerberg set up the company he has more control over the company financial decisions because he owns a larger part of the company. Facebook is one of the biggest free social website and many people wonder how they make money. They make it by advertising. About $11.5 billion (92 percent) of the company $12.6 billion in 2014 revenue came from ads. The types of ads that you see depend on your interests and your status updates. If you put down your interests as tennis, for example, then you will see a lot of tennis related ads popping up on your page. Basically Facebook shows you ads depending on your interests, status updates and also the pages that you like and