Facebook (History and Development)

In today’s society, social media has emerged as a catalyst for global change, with Facebook playing a key organizing roles in uprisings worldwide. Mark Zuckerberg who is a keen computer programmer, 23, founded Facebook while studying psychology at Harvard University. In February 2004 Mr. Zuckerberg launched "The Facebook"(Facebook’s original name). Within 24 hours, 1,200 Harvard students had signed up, and after one month, over half of the undergraduate population had a profile. Facebook expanded the list of approved networks as soon as possible, in order to allow to reach a wider range of users since it allowed access to 1 million active users at the end of 2004. 
As of 2005, Facebook allowed access to over 800 college and university networks as well as high-school networks (Arrington, 2005). The network was promptly extended to other universities, as of September 2006, the network was extended beyond educational institutions to anyone with a registered email address and with rumored figures of around $2billion (£975million) being discussed by Yahoo and Google. The site's features have continued to develop during 2007 and the company announced that the number of registered users had reached 30 million, making it the largest social-networking site with an education focus. In March 2010, Facebook troughs Google to become the most visited website in the United States and then account for 7.07% of all U.S. web traffic (Dougherty, 2010).

 Moreover, there are over 80% of current Facebooks’ users residing outside of the country by Facebook’s dominance extends well beyond the United States. As of February 2012, Facebook's first earnings report just barely beats investor expectations since Facebook had over 845 million users (more than the population of Europe) who spent more than 9.7 billion minutes per day on this site (Facebook, 2012; Rusli, 2012; For a description of Facebook). Actually, after the creation in February 2004, Facebook has gradually become a spectacular success and creates a massive new domain in which millions of social interactions that are played out every day. Despite only about

3,000 employees work for Facebook worldwide, Facebook has an amazing value at around $100 billion U.S. dollars. (Facebook, 2012; Gertner, 2011; Siegler, 2011, Swartz, 2012). As January of 2013, Facebook introduced Graph Search to help users find out more about what they're looking for based on their friends and connections. As of 2014, Facebook saw a 63 percent increase in revenue, with more than half of its $2.6 billion in Q4 revenue coming from mobile advertising on smartphones, iPads, and other mobile devices. It seems that with mobile engagement up, Facebook's future looks bright. Nowadays, with over 800 million users, Facebook is changing the way about hundreds of millions of people connect to one another and share information each other. It seems that Facebook has become a way of life for a lot of people.

              Source from:http://www.dramasdownload.com/the-number-of-facebook-users-is-increasing-day-by-day/
References:

Archambault, A., & Grudin, J.(2012). A longitudinal study of Facebook, LinkedIn, & Twitter use.

Facebook. (2012). Statistics of Facebook. Palo Alto, CA: Facebook.

Retrieved from http://newsroom.fb.com/content/default.aspx?NewsAreaId=22

Arrington, M. (2005). 85% of college students use Facebook. TechCrunch.

Retrieved from http://www.techcrunch.com/2005/09/07/85-of-college-students-use-facebook

Source from:http://www.dramasdownload.com/the-number-of-facebook-users-is-increasing-day-by-day/