Facebook starts earning profit

September 16, 2009 by  
Filed under Technology

facebookFacebook has become the world’s largest social networking site and has almost 300 million active users. No social networking website in the world has ever touched this figure. The Facebook administration has told the media that they have started earning profit which they didn’t speculate until 2010. The social networking site was released from a small room in Harvard in 2004. And in just less than 5 years, it has attracted millions of users world-wide. The site is freely connecting people from all over the world and has very awesome news and information update and sharing capabilities. Mark Zuckerberg is the founder of Facebook and Harvard alumni as well. The boy says that Facebook is achieving milestones in a shorter and less-than-speculated time period. One can assess the market worth of Facebook as when its 1.6% stake was taken by Microsoft Corp. at $240 million. Thus its market worth was $15 billion on October 2007. Mark is the 321st richest person in US and 70% of its users are from outside US.

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Comments

5 Comments on "Facebook starts earning profit"

  1. Roberto on Sun, 4th Oct 2009 3:15 am 

    cool blog

  2. Gwerarei on Sat, 10th Oct 2009 10:47 am 

    Great. Now i can say thank you!,

  3. Proimeth on Sun, 11th Oct 2009 1:21 am 

    Great work,webmaster,nice design!,

  4. Woakoth on Sun, 11th Oct 2009 3:21 pm 

    Perfect work!,

  5. Facebook Implements New Privacy Measures | FunRocker.Com on Thu, 10th Dec 2009 8:23 am 

    […] a comment Since its inception in February 2004, Facebook has become the most renowned social networking site across the globe with more than 350 million […]

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