Millions of people use Facebook everyday to keep
up with friends, upload an unlimited number of photos, share links and videos, and learn more about the people they meet. Mark Zuckerberg is the present chairman as well as CEO of facebook. Facebook had over 1.28 billion(monthly active) users till march 2014. It has an employee strength of 6,818. It is available in multilingual languages. What Is Facebook? Social networking website connecting people across the street, country and world.
Focuses on building and
relating social relations among people who share common interests, activities and experiences. EVOLUTION Facebook was founded on February 4, 2004 by Mark Zuckerberg with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. HISTORY FEATURES The website's primary color is blue as Zuckerberg is red-green colorblind.
Facebook is built in PHP and C++
Keeps on innovating the design and application
to keep the customer base . BUSINESS MODEL A STEP AHEAD The company applied for a US$5 billion initial public offering (IPO); one of the biggest in the history of technology and the biggest in Internet history. Facebook valued its stock at $38 a share which priced the company at $104 billion – the largest valuation to date for a new public company. The IPO raised $16 billion, making it the third largest in U.S. history. The shares began trading on May 18. RECENT ACQUISITIONS Instagram(April 9, 2012 worth US$1 billion) an online photo-sharing, video-sharing and social networking service that enables its users to take pictures and videos, apply digital filters to them, and share them. WhatsApp(February 19, 2014 worth US$19 billion) cross-platform instant messaging subscription service for smartphone. Oculus VR(March 25, 2014 worth US$2 billion) is a virtual reality technology company. USER BASE COMPETITOR ANALYSIS