management Essays (1982 words) - Facebook, Blog Hosting Services

Facebook is the largest social network . Primarily focused on high school to college students. Facebook has been gaining market share, and more significantly a supportive user base. Since their launch in February 2004, they've been able to obtain over 8 million users in the U.S. alone and expand worldwide to 7 other English-speaking countries, with more to follow. : Facebook is the largest social network . Primarily focused on high school to college students. Facebook has been gaining market share, and more significantly a supportive user base. Since their launch in February 2004, they've been able to obtain over 8 million users in the U.S. alone and expand worldwide to 7 other English-speaking countries, with more to follow. The Facebook PhenomenonFirst, let's start by looking into Facebook in a broad spectrum - as the network, the phenomenon, the company, and its brand. : The Facebook PhenomenonFirst, let's start by looking into Facebook in a broad spectrum - as the network, the phenomenon, the company, and its brand. Originally called thefacebook, Facebook was founded by former Harvard student Mark Zuckerberg (while at Harvard) who ran it as one of his hobby projects with some financial help from Eduardo Saverin. Within months, Facebook and its core idea spread across the dorm rooms of Harvard where it was very well received. Soon enough, it was extended to Stanford and Yale where, like Harvard, it was widely endorsed. : Originally called thefacebook, Facebook was founded by former Harvard student Mark Zuckerberg (while at Harvard) who ran it as one of his hobby projects with some financial help from Eduardo Saverin. Within months, Facebook and its core idea spread across the dorm rooms of Harvard where it was very well received. Soon enough, it was extended to Stanford and Yale where, like Harvard, it was widely endorsed. Mark Zuckerbergthe owner of Facebook : Mark Zuckerbergthe owner of Facebook Before he knew it, Mark Zuckerberg was joined by two other fellow Harvard students Dustin Moskovitz and Chris Hughes to help him grow the site to the next level. Only months later when it was officially a national student network phenomenon, Zuckerberg and Moskovitz dropped out of Harvard to pursue their dreams and run Facebook full time. In August 2005, thefacebook was officially called Facebook and the domain facebook.com was purchased for a reported $200,000. : Before he knew it, Mark Zuckerberg was joined by two other fellow Harvard students Dustin Moskovitz and Chris Hughes to help him grow the site to the next level. Only months later when it was officially a national student network phenomenon, Zuckerberg and Moskovitz dropped out of Harvard to pursue their dreams and run Facebook full time. In August 2005, thefacebook was officially called Facebook and the domain facebook.com was purchased for a reported $200,000. AvailabilityUnlike its competitors Myspace, Friendster, Xanga, Hi5, Bebo, and others, Facebook isn't available to everyone which explains its relatively low user count. Currently, users must be members of one of the 30,000+ recognized schools, colleges, universities, organizations, and companies within the U.S, Canada, and other English-speaking nations. This generally involves having a valid e-mail ID with the associated institution. : AvailabilityUnlike its competitors Myspace, Friendster, Xanga, Hi5, Bebo, and others, Facebook isn't available to everyone which explains its relatively low user count. Currently, users must be members of one of the 30,000+ recognized schools, colleges, universities, organizations, and companies within the U.S, Canada, and other English-speaking nations. This generally involves having a valid e-mail ID with the associated institution. A large number of surveys and studies have been conducted around Facebook some with interesting results. For instance, according to an internal September 2005 survey, approximately 85% of the students in the supported colleges had a Facebook account, with 60% of them logging in daily. A survey conducted by Student Monitor revealed Facebook was the most in thing after the iPod and tying with beer, and com Score Media Metrix discovered users spend approximately 20 minutes everyday on Facebook. : A large number of surveys and studies have been conducted around Facebook some with interesting results. For instance, according to an internal September 2005 survey, approximately 85% of the students in the supported colleges had a Facebook account, with 60% of them logging