BRIEF HISTORY OF FACEBOOK
In February 2004, 23-year-old Mark Zuckerberg launched “The facebook” which he founded while studying psychology at Harvard University. Within 24 hours of “The Facebook” launching, 1,200 Harvard students had signed up, and after one month, over half of the undergraduate population had a profile. Shortly after it was introduced to the Harvard students, “The Facebook” was extended to other universities in the Boston area, the Ivy League and eventually all US universities.
Zuckerberg had already developed a number of different social-networking websites for fellow students, including Coursematch, which allowed users to view people taking their degree, and Facemash, where you could rate people’s attractiveness.
In August 2005, “The Facebook” became Facebook.com after the address was purchased for $200,000. This allowed US high schools to sign up starting in September 2005, then it began to spread worldwide, reaching UK universities the following month. As of September 2006, the network was extended beyond educational institutions to anyone with a registered email address. The site remains free to join, and makes a profit through advertising revenue.
Yahoo and Google are among a few companies which have expressed interest in a buy-out, with figures of around $2 billion being discussed. Mark Zuckerberg has so far refused to sell.This month the company announced that the number of registered users had reached 30 million, making it the largest social-networking site with an education focus.
- Worldwide, there are over 1.55 billion monthly active Facebook users (MAUs) which is a 14 percent increase year over year. (Source: Facebook as of 9/30/15)
- 4.5 billion likes generated daily as of May 2013 which is a 67 percent increase from August 2012.
- 1.01 billion people log onto Facebook daily (DAU) for September 2015, which represents a 17% increase year over year (Source: Facebook as 9/30/15)
- There are 1.39 billion mobile active users (MAU)
- On average, the Like and Share Buttons are viewed across almost 10 million websites daily.
Discussion: In your opinion, why is Facebook still the leading social media to this day? With the statistics steadily rising, where do you think Facebook is heading? Do you believe that there may be a fee to be a member of the social site as it continues to grow? What is your thought as to how vast it has grown just from 2004?