SUPER SUCCESS E-BUSINESS "FACEBOOK"

SUPER SUCCESS E-BUSINESS

Facebook is a social networking website that is operated and privately owned by Facebook, Inc. Since September 2006, anyone over the age of 13 with a valid e-mail address can become a Facebook user. Facebook's target audience is more for an adult demographic than a youth demographic. Users can add friends and send them messages, and update their personal profiles to notify friends about themselves. Additionally, users can join networks organized by workplace, school, or college.

Mark Zuckerberg founded Facebook with his college roommates and fellow computer science students Eduardo Saverin, Dustin Moskovitz and Chris Hughes. The website's membership was initially limited by the founders to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League, and Stanford University.

Facebook's user number are so huge and so massive because of this of user data is so rich, that it can do good business simply by selling ad space and by hosting apps on its own platform. It has broad advertising platform which sells advertise space on its site, and helps its advertisers aim their advertisement at specific groups of users in a Facebook, based on members’ profile data and their interest. Facebook also takes money through revenue-sharing agreements with developers of Facebook apps.

Main aim of Facebook is to increase the number of its users now, which is about 500 million, and increase the revenue. Now we can see that Facebook is super successful E-business we have ever seen, which has made huge success in business which has started from zero level in 2005 august but now its worth is 70 billion dollars in the beginning of 2012, which has compounding revenue of 44% and able to maintain before tax profit of 35%

As we can see that we are in connection with the people whom we met before so many years ago which makes feel happy knowing about them what they are doing. Can be touch with the friends of old hometown, past school/college life.

Even after all it has criticism, which is online privacy policy, child safety, harassment, students are using it all the times, which has effect on their study. Also have detrimental effect on marriage or spouse leading to breakdown or divorce.

REFERENCE 

1.http://www.businessinsider.com/valuation-guru-facebook-is-worth-29-2012-5

2..en.wikipedia.org

3. www.about-facebook.com