Me, Myself | Technology | 02 January 2012, 9:42am
With more than 800 million active users, Facebook remains the leader in social networking services worldwide!
The Concept is the brain child of a Harvard university student Zuckerberg who wrote Facemash which used images hacked from the univ network. It was an instant hit within the university as it showed basic information with photos of fellow students. The same concept is used in Facebook with added features like commenting on the images, liking pages, joining groups, poking friends, writing public messages over The Facebook Wall.
Initially meant for educational institutions, Facebook opened for users worldwide in 2006. With a simple registration process for anyone with a valid email id, Facebook is easily accessible to all even with personal gadgets like mobile phones. It generates revenue mainly from banner advertising.
Similar to other social networks Facebook has more disadvantages which surpasses it's advantages.

Facebook is mainly useful for students in high school and above as a means to communicate with each other and update recent trends or simply to know each other as long as they don't get hooked to it!
Facts and Figures:
Founder: Mark Zuckerberg, born 1984
Active Users: > 800 million
Revenue: > 50 billion USD
Employees: Around 2000 in 15 countries
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