We know that Face book has became a important part of our life. Now we have been seeing mostly youth or younger generation also involved in Social Networking sites like Face book, twitter and my space for a long time. Mostly people are also connecting with each other because of face book Networking Services.
Face book is a very popular social networking site which was launched on February 2004 and it’s also operated by its own face book Inc. But in starting very few members became a user of that face book networking sites. In Face book, any user can create a personal profile, and also add others users as a friends. They can also exchange messages, including automatic notification when they will update their profile. Altogether Users can join any community groups which were organized by any workplace, school and colleges etc.
Face book was founded by Mark Zuckerberg with his college roommates and fellow computer science students Eduardo Saverin, Dustin Moskovitz and Chris Hughes. During the beginning, the memberships of face book by limited by its founders for Harvard university students. But it was spread to students of other university before opening to high school students, and, finally, to anyone aged 13 and over. Mark Zuckerberg wrote Facemask, the predecessor to face book, on October 28, 2003, while attending Harvard as a sophomore. Zuckerberg hacked into the protected areas of Harvard's computer network and copied the houses' private dormitory ID images. After that the Face book site was quickly forwarded to several campus group list-servers, after that it was shut down for a few by Harvard administrator. Zuckerberg was charged by the administration with breach of security, violating copyrights.
Zuckerberg expanded on this initial project by creating a social study tool by uploading 500 Augustan images to a website with one image per page along with a comment section. When Zuckerberg completed that project, then he showed the site up to his classmates, and people started sharing their notes. He started to write a code for his face book sites in January 2004. On February 4, 2004, Zuckerberg launched "Thefacebook", originally located at thefacebook.com.
But after six days when the Face book Social Networking sites was launched, three Harvard seniors, Cameron Winklevoss, Tyler Winklevoss, and Divya Gardner, accused Zuckerberg of intentionally misleading them into believing he would help them build a social network called HarvardConnection.com. This three Harvard senior complained to Harvard Crimson, the famous newspaper in USA, then this Harvard Crimson started to investigate the allegation which was filed by this Harvard university seniors. Membership was initially restricted to students of Harvard College, and within the first month, more than half the undergraduate population at Harvard was registered on the service. In March 2004, Face book expanded to Stanford, Columbia, and Yale. It soon opened to the other universities in Canada and the United States. The most famous honchos Sean Parker, who had been informally advising Zuckerberg, became the company's president. In June 2004, Face book moved its base of operations to Palo Alto, California. Face book also launched a high-school version in September 2005 which Zuckerberg called the next logical step in his life.
Ownership
Mark Zuckerberg owns 24% of the company, Accel Partners owns 10%, Technologies owns 10%, Dustin Moskovitz owns 6%, Eduardo Saverin owns 5%, Sean Parker owns 4%,Peter Thiel owns 3%, Greylock Partners and Ameritech Capital Partners own between 1 to 2% each, Microsoft owns 1.3%, Li Ka-shing owns 0.75%, the Interpublic Group owns less than 0.5%, a small group of current and former employees and celebrities own less than 1% each, including Matt Cohler, Jeff Rothschild, Adam D'Angelo, Chris Hughes, and Owen Van Natta
Revenue
We will be shocked that most of the face book revenue comes from advertising. Microsoft is also an exclusive partner company of face book for providing banner adverting for face book social networking sites. After that Face book started to advertise on advertisement that exists in Microsoft's advertisement inventory.