FIN 3717 Chapter : Case 10 Facebook
Document Summary
Facebook started at just harvard university but then expanded to other ivy league. Facebook is one of the most famous online social networking services in the world. Executive summary was founded in 2004 by mark zuckerberg with his college roommates at harvard university. As of 2012, facebook has about 180 petabytes of dada a year and grows by over half a petabyte every 24 hours. Various advertisements appear on each user"s facebook page and have been huge generators of income for facebook. Each member has personal information on their page so certain advertisements will appear on a user"s page. Facebook also has a virtual gift shop, which generates some money as well. It later opened to almost all universities in canada and the us. On october 24, 2007, microsoft announced it had purchased 1. 6% share of facebook for million, giving facebook a total implied value of around billion. Secondmarket inc, facebook"s value was billion in november 2010.
