FACEBOOK Created By: Jeremy Susan Madhvi

BACKGROUND INFORMATION ABOUT FACEBOOK  Founded in 2004 by Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes. Initially just for Harvard students Expands to other Ivy League schools Moves into other colleges and high schools before going to general public age 13 or over

INNOVATOR ON THE INTERNET  First to link people through profiles and friend lists  Easy to navigate for casual computer users  Links multiple pages based on individual interests

 Real time news feed to give information to friends  First to require real identity and a high level of customization not available on other networking sites.  Business Marketing Lets you target market your business to specific age groups and areas of the world

INNOVATION LEADS TO TREMENDOUS GROWTH  Has gone from thousands of users in 2006 to over 600 million users as of January  In major markets Facebook is consistently in the top 3.

FACEBOOK NO.1 NETWORKING SITE IN MARKETS United States Australia Philippines Indonesia Malaysia Singapore New Zealand Hong Kong Vietnam

Facebook banned in Syria

FUTURE OUTLOOK  Net worth estimated to be in the 50 to 70 billion dollar range.  Estimated revenue for 2010 was 2 billion dollars  Purchasing unique web support companies to keep all business in house.  Current large investors include Microsoft, Goldman Sachs and PayPal founder Peter Thiel.

 IPO (Initial Public Offering) being projected for  When made public worth may reach the 100 billion mark.  Mark Zuckerberg is one of the youngest billionaires with a net worth of approximately 14 billion dollars.

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