An inspiring entrepreneur’s tale, an awesome startup idea; how a dorm-room hobby project on a shoestring budget evolves into one unstoppable multi-billion dollar ‘social networking’ force and a revolution in communication; Mark Zuckerberg’s Facebook.
I guess most of you know how a 19-year-old Harvard’s geek/hacker Mark Zuckerberg started Facebook in his college. Today, 26-year-old Mark Zuckerberg is the World’s Youngest Self-Made Billionaire ever (Net worth: US$ 6.9 billion, Facebook Net worth: US$ 33 billion) and ranked 40 (out of 68) in the list of the Forbes World’s most powerful people.
Image Credit: Sakuma/AP | http://www.nydailynews.com/
The evolution of Facebook, which essentially began as an online student directory, went live on Feb. 4, 2004. Thefacebook (thefacebook.com), as it was then called, became popular almost right away. Within four days, more than 650 students had registered. After one month, the number had reached 10,000. And now, more than six years later, 500 million people worldwide actively use the site; have 500 million stories to tell.
In Europe, it accounts for over 30% of time spent social networking and over 4% of all minutes spent online and it’s no wonder that almost half the population in Denmark uses Facebook. The USP of Facebook’s success is its global audience unlike Orkut for instance, where the later is popular only in very few countries and pays the price for that.
If Facebook is a hit in your social circles, it being versatile – status updates, wall posts, friend recommendations and Farmville included – is all but beside the point. Without a Facebook profile, you’re no one – or, at least, you’re not getting an invite to that party and you’ll be the last to know when that friend-of-a-friend gets engaged :-).
So, with the momentum of 500 million users behind it, there’s no stopping Facebook for the time being. Where next for the site? It’ll be about more apps, more platforms and then to the mind-blowing 1 billion user base, perhaps. With the evolution of Facebook-capable mobile phones, plus Facebook Connect opening up the service further still (onto Xbox Live, Sony’s PlayStation 3 and the Nintendo DSi, for instance), it is taking off like no other thing does.
Finally its time for some number crunching (from Facebook stats page):
1. Today 400 million people (out of 500 million users) log on to their Facebook profile at least once a month and 50% are on the site everyday.
2. Almost 70% of Facebook users are from outside the United States.
3. 45% of people from Denmark are active users of Facebook.
4. Monthly amount of time spent on Facebook is estimated to be 11.7 billion hours.
5. Number of Servers used by Facebook is estimated to be 10,000.
6. Average Number of Friends in Facebook is 130.
7. There are 900+ million objects that people interact with (pages, groups, events and community pages) and an average user is connected to 80 of those objects.
8. Average user creates 90 pieces of content each month.
9. More than 30 billion pieces of content (web links, news stories, blog posts, notes, photo albums, etc.) shared each month on Facebook.
I hope that I gave you few more reasons for you to love Facebook :-).
Author name: Sridhar Ramanujam
Bio: Sridhar, 19-year-old Computer Science student from Chennai, Tamil Nadu, India; is a tech blogger (blogging on Geeky Tech Stuff) with extraordinary Twitter & gadgets addiction! He is naturally very reserved and shy guy, but not anymore as Twitter has done a world of good for him in opening up and he loves making friends.
You may follow Sridhar on Twitter @BeingSridhar and connect with him in Facebook too. Honestly I met Sri on Twitter, only a few weeks ago. He is pretty engaging and already became one of my close pals. Thanks a lot to Sridhar for giving some insights on Facebook in this post.
To conclude this post on a visually appealing note, I added a stunning ‘Facebook Facts & Figures (history & statistics)‘ infographic which was compiled by ‘Website Monitoring‘ blog.
Well, this infographic was created in March’2010; some discrepancies might be there.
I guess, Facebook is living up to the tagline of ‘The Social Network’ movie: You don’t get to 500 million friends without making a few enemies! Would you? Despite the immense competition pressure, privacy issues and legal/lawsuits, Facebook stands like a ‘Social networking’ beacon now-a-days. By having their users as a foremost priority; giving them clear usage guidelines; and the open web in mind, I am sure Mark Zuckerberg’s Facebook will likely be continue as the dominant player in social networking sites for the near future.
We would love to hear from you; time to hit the comments section, friends!
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