Facebook is an online social networking site. The name of Facebook comes from the roster of students at the beginning of the new school year. Facebook was founded in February 2004 by Mark Zuckerberg and his Harvard roommates Eduardo Saverin, Andrew McCollum, Dustin Moskowitz, and Chris Hughes. At first, Facebook was limited to Harvard student registration, but soon expanded to the Boston area, the Ivy League, Stanford University and other universities.
Facebook stipulates that people who are over 13 years old can register as a member on Facebook, and users must register before they can browse Facebook. When registering, Facebook asked to create a personal profile and add other users as friends and exchange information, including automatic notification when they update their personal information. In addition, users can join user groups of common interests, workplaces, schools or universities, or other characteristics, organizations, and friend classification lists, such as’colleagues’ or’close friends.’ As of September 2012, Facebook has more than 100 million active users.
In May 2005, Facebook received a US$12.7 million investment from Red Dot Venture Capital. After that, Red Dot Venture Capitalist Jim Breyer added another US$1 million in personal investment. According to the Compete.com data report, in January 2009, Facebook was the most popular social networking site in the world. According to a Quantcast report, in May 2011, Facebook had 138.9 million unique viewers every month.
Today, when social networking sites are widespread, in April 2010, it is estimated that 41.6% (more than 1.295) of the total population of the United States has a Facebook account. Despite this, Facebook’s market in some regions began to stagnate. In May 2011, Facebook lost 7 million active users in the United States and Canada.
On February 1, 2012, Facebook applied for an initial public offering and set up its headquarters in Menlo Park, California. On May 18, 2012, Facebook was listed on the Nasdaq.
In fiscal year 2012, Facebook’s operating income was US$5.1 billion, operating income was US$538 million, net income was US$53 million, total assets were US$15.1 billion, and total equity was US$11.75 billion. Facebook has 4,619 employees and a Facebook subsidiary. For Instagram.
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