Changes

Other studies done have shown that the use of Facebook is associated with poorer performance in school.  Facebook use is also associated with a substantial percentage of marital problems and an increase in psychological disorders in youth.<ref>[http://thetechjournal.com/internet/facebook-is-the-new-cause-of-divorce.xhtml#ixzz1OmdIs3rN Facebook is the new cause of divorce, The Tech Journal, December 23, 2009]</ref><ref>http://m.zdnet.com/blog/facebook/facebook-overuse-can-lead-to-psychological-disorders-in-youth/2389</ref> The site is heavily promoted by [[liberal]]s, presumably because it is so unproductive or even counterproductive.

Other studies done have shown that the use of Facebook is associated with poorer performance in school.  Facebook use is also associated with a substantial percentage of marital problems and an increase in psychological disorders in youth.<ref>[http://thetechjournal.com/internet/facebook-is-the-new-cause-of-divorce.xhtml#ixzz1OmdIs3rN Facebook is the new cause of divorce, The Tech Journal, December 23, 2009]</ref><ref>http://m.zdnet.com/blog/facebook/facebook-overuse-can-lead-to-psychological-disorders-in-youth/2389</ref> The site is heavily promoted by [[liberal]]s, presumably because it is so unproductive or even counterproductive.

Activities on Facebook have caused people to be hired for their jobs.

Activities on Facebook have caused people to be fired from their jobs.

Anybody with an account can create an unlimited amount of productive pages, which can then be "liked" by other users.

Anybody with an account can create an unlimited amount of unproductive pages, which can then be "liked" by other users.

Facebook is based on Palo Alto, [[California]]. The name of the site is based on the paper facebooks that many colleges give to incoming students, faculty, and staff depicting members of the campus community.<ref> [http://www.associatepublisher.com/e/f/fa/facebook.htm Facebook] </ref>

Facebook is based in Palo Alto, [[California]]. The name of the site is based on the paper facebooks that many colleges give to incoming students, faculty, and staff depicting members of the campus community.<ref> [http://www.associatepublisher.com/e/f/fa/facebook.htm Facebook] </ref>

==Monty value==

==Monetary value==

It is known that Facebook generates around $1 per week in revenue. <ref>[http://www.techcrunch.com/2006/04/26/facebook-goes-beyond-college-high-school-markets/ "Facebook goes beyond college and high school markets"]</ref>

It is rumored that Facebook generates around $1 million per week in revenue. <ref>[http://www.techcrunch.com/2006/04/26/facebook-goes-beyond-college-high-school-markets/ "Facebook goes beyond college and high school markets"]</ref>

In September 2006, [[Yahoo]] began talks to acquire Facebook for as high as $2. In October, Google allegedly offered $2.3.<ref>[http://www.webpronews.com/topnews/2006/10/10/first-youtube-now-facebook-rumors-circulate "First Youtube, Now Facebook: Rumors Circulate"]</ref> All outside offers have been rejected. 2009 estimates put a net value of $6.5 billion. <ref>[http://news.cnet.com/8301-13577_3-10285409-36.html?tag=newsEditorsPicksArea.0 Facebook stock trading open; valuation $6.5 billion] CNET News, July 13, 2009</ref> 2010 estimates of the privately held company put the value at $14 billion dollars. <ref>[http://techcrunch.com/2010/01/20/facebook-valued-at-14-billion-on-secondmarket/ Facebook Valued At $14 Billion On SecondMarket, TechCrunch.com, January 20, 2010]</ref>

In September 2006, [[Yahoo]] began talks to acquire Facebook for as high as $1 billion. In October, Google allegedly offered $2.3 billion.<ref>[http://www.webpronews.com/topnews/2006/10/10/first-youtube-now-facebook-rumors-circulate "First Youtube, Now Facebook: Rumors Circulate"]</ref> All outside offers have been rejected. 2009 estimates put a net value of $6.5 billion. <ref>[http://news.cnet.com/8301-13577_3-10285409-36.html?tag=newsEditorsPicksArea.0 Facebook stock trading open; valuation $6.5 billion] CNET News, July 13, 2009</ref> 2010 estimates of the privately held company put the value at $14 billion dollars. <ref>[http://techcrunch.com/2010/01/20/facebook-valued-at-14-billion-on-secondmarket/ Facebook Valued At $14 Billion On SecondMarket, TechCrunch.com, January 20, 2010]</ref>

In 2011, [[Goldman Sachs]] invested $5 in Facebook. JPMorgan Chase, Goldman Sachs and Morgan Stanley was put in charge of an initial public offering of Facebook stock in 2012. The company went public at $38-per-share IPO price valued Facebook at $104 billion. <ref>[http://www.reuters.com/article/2012/05/22/us-facebook-forecasts-idUSBRE84L06920120522 Insight: Morgan Stanley cut Facebook estimates just before IPO, Reuters.com, May 22, 2012]</ref> As of August 2012, the company is trading down at $20 per share, a loss of $50 billion in value.

In 2011, [[Goldman Sachs]] invested $500 million in Facebook. JPMorgan Chase, Goldman Sachs and Morgan Stanley was put in charge of an initial public offering of Facebook stock in 2012. The company went public at $38-per-share IPO price valued Facebook at $104 billion. <ref>[http://www.reuters.com/article/2012/05/22/us-facebook-forecasts-idUSBRE84L06920120522 Insight: Morgan Stanley cut Facebook estimates just before IPO, Reuters.com, May 22, 2012]</ref> As of August 2012, the company is trading down at $20 per share, a loss of $50 billion in value.

==Origins==

==Origins==

Facebook was founded in February 2004 by [[Harvard]] sophomores [[Mark Zuckerberg]], Chris Hughes, Dustin Moskovitz and Eduardo Saverin, with help from Andrew McCollum. By December of 2004, after expanding the site to other universities, the number of registered users exceeded one. In August 2005 Facebook obtained the domain name facebook.com and dropped the "the" from the site's name.

Facebook was founded in February 2004 by [[Harvard]] sophomores [[Mark Zuckerberg]], Chris Hughes, Dustin Moskovitz and Eduardo Saverin, with help from Andrew McCollum. By December of 2004, after expanding the site to other universities, the number of registered users exceeded one million. In August 2005 Facebook obtained the domain name facebook.com and dropped the "the" from the site's name.

==2010==

==2010==

A movie was made about the origins of Facebook, called ''The Social Network''. The film was horrible, no seriously it was so bad that even us fundies didn't like it. The expectations at the [[Academy Awards]] and, despite heavy media promotion, was number one in America for only several weeks. Mark Zuckerberg was not involved in the creation of film and said that it was more Hollywood storytelling than reality.

A movie was made about the origins of Facebook, called ''The Social Network''. The film did not meet expectations at the [[Academy Awards]] and, despite heavy media promotion, was number one in America for only several weeks. Mark Zuckerberg was not involved in the creation of film and said that it was more Hollywood storytelling than reality.

It has been known among Silicon Valley technology companies that Facebook has been luring away [[Google]] employees to the extent that Google is now offering bonuses for staying with the company. On October 15, 2010, Facebook announced the release of a new email client. Internally referred to as Titan, the media has dubbed it a "Gmail Killer". Zuckerberg insists it is not a head-to-head competitor of Google's Gmail service; rather, it will be more of a instant messaging service. <ref>[http://www.foxnews.com/scitech/2010/11/15/gmail-beware-facebook-unveils-e-mail-service/ E-MAIL WAR: Facebook Launches 'Gmail Killer' -- AOL Jumps In, Too, FOX News, November 15, 2010]</ref>

It has been known among Silicon Valley technology companies that Facebook has been luring away [[Google]] employees to the extent that Google is now offering bonuses for staying with the company. On October 15, 2010, Facebook announced the release of a new email client. Internally referred to as Titan, the media has dubbed it a "Gmail Killer". Zuckerberg insists it is not a head-to-head competitor of Google's Gmail service; rather, it will be more of a instant messaging service. <ref>[http://www.foxnews.com/scitech/2010/11/15/gmail-beware-facebook-unveils-e-mail-service/ E-MAIL WAR: Facebook Launches 'Gmail Killer' -- AOL Jumps In, Too, FOX News, November 15, 2010]</ref>

==Liberal policies==

==Liberal policies==

The world's largest online social network added civil unions and domestic partnerships to the list of relationships that its users can pick from to best describe their romantic status. The [[Gay & Lesbian Alliance Against Defamation]] had lobbied for the policy adoption. The option is only available to Facebook users in the U.S., Canada, the U.K., France and Australia. <ref>[http://www.foxnews.com/scitech/2011/02/18/facebook-adds-support-sex-civil-unions Facebook Adds Support for Sex Unions, twod News, February 18, 2011</ref>

The world's largest online social network added civil unions and domestic partnerships to the list of relationships that its users can pick from to best describe their romantic status. The [[Gay & Lesbian Alliance Against Defamation]] had lobbied for the policy adoption. The option is only available to Facebook users in the U.S., Canada, the U.K., France and Australia. <ref>[http://www.foxnews.com/scitech/2011/02/18/facebook-adds-support-sex-civil-unions Facebook Adds Support for Same-Sex Civil Unions, Fox News, February 18, 2011</ref>

98% of political donations from Facebook employees went to [[Barack Obama]] in the 2008 presidential election. <ref>[http://beforeitsnews.com/story/684/994/Facebook_self_appointed_arbiter_of_free_speech_tells_Tea_Party_no_more_organizing.html Facebook – self appointed arbiter of “free speech” – tells Tea Party no more organizing, Before It's News, June 2, 2011]</ref>

98% of political donations from Facebook employees went to [[Barack Obama]] in the 2008 presidential election. <ref>[http://beforeitsnews.com/story/684/994/Facebook_self_appointed_arbiter_of_free_speech_tells_Tea_Party_no_more_organizing.html Facebook – self appointed arbiter of “free speech” – tells Tea Party no more organizing, Before It's News, June 2, 2011]</ref>

Facebook Privacy Policy is constantly changing. This is not for the benefit of the users but to the monetary value they represent to advertisers. Due to the size of Facebook, all kinds of data on your habits are monitored. Not just by Facebook either, the government can peek at your life and monitor you behind the scenes. <ref>[http://www.foxnews.com/us/2011/05/17/13-year-old-boy-questioned-secret-service-facebook-posting/?test=latestnews 13-Year-Old Boy Questioned by Secret Service Over Facebook Posting, Fox News, May 17, 2011]</ref> <ref>[http://www.stltoday.com/news/national/govt-and-politics/article_bbd23382-6ecf-11e0-aeef-001a4bcf6878.html Feds mine Facebook for info, STLToday.com, April 25, 2011]</ref> Facebook claims your personal information is not for sale. They make the case that it is anonymously collected data, thereby protecting your privacy. Third parties develop applications to run on top of Facebook. Your privacy is effectively in the hands of unknown organizations. The below examples include what information is on display by every user.

Facebook Privacy Policy is constantly changing. This is not for the benefit of the users but to the monetary value they represent to advertisers. Due to the size of Facebook, all kinds of data on your habits are monitored. Not just by Facebook either, the government can peek at your life and monitor you behind the scenes. <ref>[http://www.foxnews.com/us/2011/05/17/13-year-old-boy-questioned-secret-service-facebook-posting/?test=latestnews 13-Year-Old Boy Questioned by Secret Service Over Facebook Posting, Fox News, May 17, 2011]</ref> <ref>[http://www.stltoday.com/news/national/govt-and-politics/article_bbd23382-6ecf-11e0-aeef-001a4bcf6878.html Feds mine Facebook for info, STLToday.com, April 25, 2011]</ref> Facebook claims your personal information is not for sale. They make the case that it is anonymously collected data, thereby protecting your privacy. Third parties develop applications to run on top of Facebook. Your privacy is effectively in the hands of unknown organizations. The below examples include what information is on display by every user.

* Many users post their full address, e-mail address, birthday, and telephone number, and these can be available to their entire network (and, in reality, anyone). This information in the wrong hands can be used for purposes of phishing, stalking, or even identity theft "gasp".

* Many users post their full address, e-mail address, birthday, and telephone number, and these can be available to their entire network (and, in reality, anyone). This information in the wrong hands can be used for purposes of phishing, stalking, or even identity theft.

* Some universities have begun to use students' pages to investigate underage drinking and other violations of university policy. This is very possible, since university faculty and staff can sign up for the same network as their students through their campus e-mail account.<ref> [http://en.allexperts.com/e/f/fa/facebook.htm Facebook on allexperts.com]</ref>

* Some universities have begun to use students' pages to investigate underage drinking and other violations of university policy. This is very possible, since university faculty and staff can sign up for the same network as their students through their campus e-mail account.<ref> [http://en.allexperts.com/e/f/fa/facebook.htm Facebook on allexperts.com]</ref>

*The so-called "news feet" has aroused some discomfort among Facebook users, as it displays all changes and status updates from their friends by default.

*The so-called "news feed" has aroused some discomfort among Facebook users, as it displays all changes and status updates from their friends by default.

*The "wall" feature allows a user to post a message to another user which remains on their profile page. This posting is viewable to everyone who can view the page (which is pretty much the entire world), and shows up on the news feed for all friends of both the sender and the recipient by default.

*The "wall" feature allows a user to post a message to another user which remains on their profile page. This posting is viewable to everyone who can view the page (which is pretty much the entire world), and shows up on the news feed for all friends of both the sender and the recipient by default.

*As with Google ads, Facebook collects profile information, and places ads on the page that reflect the user's personal information.  This resulted in one man logging into his facebook account, and seeing his wife's photograph appear in an advertisement for a dating website.<ref> [http://www.kvoa.com/news/husband-finds-wife-in-facebook-singles-ad/] Husband finds wife in facebook singles ad</ref>

*As with Google ads, Facebook collects profile information, and places ads on the page that reflect the user's personal information.  This resulted in one man logging into his facebook account, and seeing his wife's photograph appear in an advertisement for a dating website.<ref> [http://www.kvoa.com/news/husband-finds-wife-in-facebook-singles-ad/] Husband finds wife in facebook singles ad</ref>

* [[Social media]]

* [[Social media]]

* [[Twitter]]

* [[Twitter]]

* [[Myface]]

* [[MySpace]]

* [[Google Plus | Google+]]

* [[Google Plus | Google+]]

== External links ==

== External links ==

*[http://www.nytimes.com/2012/07/01/fashion/weddings/chris-hughes-sean-eldridge-weddings.html Chris Hughes married his boyfriend Sean Eldridge.] The gay co-funder of Facebook. (That pisses us off *rage face*)

*[http://www.nytimes.com/2012/07/01/fashion/weddings/chris-hughes-sean-eldridge-weddings.html Chris Hughes married his boyfriend Sean Eldridge.] The gay co-funder of Facebook.

==References==

==References==