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Line 11: − − ==Monetary value== − 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 $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.<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 $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. As of January 2013, the stock has rebounded slightly and is trading at $30 per share, however this still represents a loss of $25 billion in value. − It is now possible to message the founder, Mark Zuckerberg, for approximately $100.<ref>[http://www.cbsnews.com/8301-205_162-57563563/facebook-testing-$100-charge-to-message-zuckerberg/ Facebook charging $100 to send a message to founder Mark Zuckerberg]</ref> Line 67:
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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>
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>
==Origins==
==Origins==
*The privacy settings on Facebook give users a false sense of security and encourage people to post things they shouldn't. As with other social networks, Facebook refuses to admit that its privacy settings that apparently allow only "friends" to see certain information are completely bogus and can easily be cracked by people with little to no [[hacking]] experience. Instead, Facebook actually ''encourages'' young users to only allow "friends" to see certain information, rather than just warning them that what they post can be seen by the world and to not post what they wouldn't want people to see.<ref>
*The privacy settings on Facebook give users a false sense of security and encourage people to post things they shouldn't. As with other social networks, Facebook refuses to admit that its privacy settings that apparently allow only "friends" to see certain information are completely bogus and can easily be cracked by people with little to no [[hacking]] experience. Instead, Facebook actually ''encourages'' young users to only allow "friends" to see certain information, rather than just warning them that what they post can be seen by the world and to not post what they wouldn't want people to see.<ref>
[http://www.wired.com/politics/security/news/2008/01/myspace_torrent This is why only a fool would trust any social networking platform to keep any information private]</ref>
[http://www.wired.com/politics/security/news/2008/01/myspace_torrent This is why only a fool would trust any social networking platform to keep any information private]</ref>
==Initial monetary value==
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 $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.<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 $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 was trading down at $20 per share, a loss of $50 billion in value. As of January 2013, the stock rebounded slightly and is trading at $30 per share, however this still represents a loss of $25 billion in value.
It is now possible to message the founder, Mark Zuckerberg, for approximately $100.<ref>[http://www.cbsnews.com/8301-205_162-57563563/facebook-testing-$100-charge-to-message-zuckerberg/ Facebook charging $100 to send a message to founder Mark Zuckerberg]</ref>
As tech stocks vastly increased in value in the mid-2010s, however, so did Facebook. It gained hundreds of billions of dollars in [[market capitalization]] as investors shifted from low-interest bonds into the [[NASDAQ]].
== See also ==
== See also ==