Tuesday, November 24, 2009

Invention of Facebook - the billion dollar site!


Facebook is a social networking website that was invented by Mark Zuckerberg in 2004. He was attending school at Harvard as a sophomore. In 2003, his girlfriend had broken up with him, and he needed to get his mind off of it. He began writing code for a site called Facemash which is a site like Hot or Not. After complications with school (breaching the security, violating copyrights etc.) Zuckerberg continued his project over the next semester. It was made available to everyone September 26, 2006 and had many companies (such as google and Microsoft) trying to buy it. Zuckerberg wanted to keep it independently owned however, on October 24, 2007 Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion.

I think Facebook is also well designed. It allows people to communicate with people all over the world. I am able to keep in touch with friends from elementary school, highschool, and Uninveristy. I can also keep in touch with relatives all over the world. People can create events, upload pictures, upload and view videos, share memories, chat etc. the user interface is friendly and visually appealing. Facebook is something I use on a regular basis.

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