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Facebook is an amazing social networking website. It has attained the heights of popularity within a short time span. Facebook was initially offered its social network service to Harvard University students and later observed expansion and it was available to student of different colleges in the Boston area, the Ivy League, and Stanford University. Facebook is a privately owned by Facebook, Inc and offers a free access.

Facebook founder and CEO is Mark Zuckerberg. After the launch of facebook at Harvard University it was demanded in majority of schools in Boston and Mark recruited his friends Dustin Moskovitz and Chris Hughes to work with him and help to build facebook within four weeks. Now facebook is available in most of the countries.

Facebook is observing more than 1 million sign ups and 200,000 daily. It has 50 million active users and the major reason of facebook fast growth is its consumer oriented interface and variety of features. Facebook is 6 th most trafficked web site of US and is widely used for photo sharing. A research claims that 4.1 billion photos are uploaded and shared via facebook.Inc 2005 users can only sign up when they are invited but now anyone can sign up and requirements Is an active email address.

Facebook first financial investment was from PayPal co founder Peter theil. Financial funder’s include Accel Partners, Microsoft, Li Ka-shing, European Founders Fund, Digital Sky Technologies and Meritech Capital Partners. Many rumors about sale surrounded facebook and they were denied by the founder. Different web sites are gives a tough competition to facebook like MySpace, Friendster, Slide, Zvents, FriendFeed, Qik, hi5, Photobucket, Webshots, Flickr, Spokeo People Search, Piczo, ZYB, Multiply, YouTube, Badoo, openPeople, Bigsight Media Group, Xiaonei, Daikana, Bebo, AOL, CityIN, Xanga, Spleak, Rekatu, Tagged, VoxOx, SideStripe, Tongxue, Friendsta, V Kontakte .

Facebook offers interesting features to its users for Example Facebook Chat which allows the user to chat with any user who is in user’s friend list and is signed in Facbook chat. Facebook connect is another interesting features of facebook. Facebook offers News feed which informs user about user’s friend’s updates. It also supports Facebook iPhone application and estimation indicates that 1.5 million users use this feature daily. It also provides Facebook Platform which enables users to inform their friends about upcoming events, and Video, letting users share homemade videos with one another.

Facebook has survived several controversies and privacy issues and coping with them it is progressing by leaps and bounds.

Mindy Yong 杨雯诗

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