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Facebook

Introduction of facebook History of facebook Uses of facebook Abuses of facebook Negative impact of facebook Conclusion

The concept of a facebook is a collection of student photographs designed by schools to introduce students to each other Social networks are perceived by many in today's society as an important part of our daily life. Whether used by teenagers to upload their latest weekends pictures or by the advertising departments of multi-national corporations showing their latest offerings.

In Feb,2004Mark Zuckerberg and co-founders Dustin Moskovitz, Chris Hughes and Eduardo Saverin launch Facebook from their Harvard dorm room receiving initial funding of $ 500,000 from Peter Thiel (co-founder of PayPal) It was still only directed to Harvard students In march Facebook expands from Harvard to Stanford, Columbia and Yale. In June Facebook moves its base of operations to Palo Alto, CA In December Facebook reaches nearly 1 million active users

In May 2005 Facebook raises $12.7 million in venture capital from Accel Partners . In August The company purchases the domain name Facebook command officially drops the the from theFacebook.com . In October Facebook is now available to international school networks . In December Facebook reaches more than 5.5 million active users

In April , 2006 Facebook raises $27.5 million from Greylock Partners, Meritech Capital Partners and others . In September Facebook expands registration so anyone who wishes to join can join . In December Facebook reaches more than 12 million active users

In 2007 Facebook and Microsoft expand their advertising deal to cover international markets. Microsoft takes a 1.6% stake in the company for $240 million. Zuckerberg turned down offers from Yahoo! and Google. In 2008 Facebook launches in Spanish, French, and German and reaches over 100 million active users in August. In 2009 Facebook reaches over 350 million active users in December. By now, Facebook has reached over 500 million active users

Long distant communication. Marketing advertisements. Getting to know about various events. Photo library. Display of information and qualification. Display of corporate experience.

Stalking. Black mailing. Hacking. Fake accounts. Wasting time.

High rates of break ups and divorce. Dropping literacy rates in various countries. Addiction Increasing suicide rates due to break ups, divorce and bullying. Abuse of privacy. Focusing more on cyber personality than reality

Face book is still growing and there are new applications and services every month which keep adding to the companies value Despite the early pressures to cash-in on the fledgling company Zuckerberg was smart enough not to sell the company at the beginning before it could reach its full potential and the rest is history