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Line 1: − + + + + + − − ==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 with Facebook about a possible acquisition 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> In 2009, current estimates put that value at $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> −
updates
[[Image:Newfacebooklogo3.jpg|right|thumb|150px|Facebook logo]]
[[Image:Newfacebooklogo3.jpg|right|thumb|150px|Facebook logo]]
'''Facebook''' is a social website originally used by college students but has recently been opened up to include high schools, middle schools, geographic regions, and places of employment. Users can upload pictures of themselves, write blogs, chat, and add people as their friends thus creating a large social network.
'''Facebook''' is a social website originally used by college students but has recently been opened to all. Users can upload pictures, write blogs, chat, play games, send private and public messages, virtual gifts and add people as their friends, creating a large social network of 400 million users. There are many aspects to Facebook that can draw-in users to waste time, gossip, watch videos and many companies will restrict access to the site. There are indeed real positives to the website in the form of charity causes and conservative networking. Anybody with an account can create an unlimited amount of pages; religious, business, a product, groups, artists, bands, and politics. In fact, if you don't have social networking as a candidate, you are not taken seriously as a contender.
==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 a 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>
==Origins==
==Origins==
Facebook was founded in February 2004 by [[Harvard]] sophomore Mark Zuckerberg, with help from Andrew McCollum and Eduardo Saverin. 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.
Facebook was founded in February 2004 by [[Harvard]] sophomore Mark Zuckerberg, with help from Andrew McCollum and Eduardo Saverin. 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.
==Privacy Issues==
==Privacy Issues==
Compared to [[Myspace]], Facebook gives the user many more options for privacy controls. Under the default private settings, only Facebook users in the same network, or friends of the user, can access another user's profile. There are also separate privacy controls for each type of information (blogs, messages, address and telephone numbers, photos). A user in a completely different network will have no access to another user's profile unless they are added as a friend.<ref> [http://en.allexperts.com/e/f/fa/facebook.htm Facebook on allexperts.com]</ref> Despite these controls, the same problems exist as with any other networking website:
Compared to [[Myspace]], Facebook gives the user many more options for privacy controls. Under the default private settings, only Facebook users in the same network, or friends of the user, can access another user's profile. There are also separate privacy controls for each type of information (blogs, messages, address and telephone numbers, photos). A user in a completely different network will have no access to another user's profile unless they are added as a friend.<ref> [http://en.allexperts.com/e/f/fa/facebook.htm Facebook on allexperts.com]</ref> Despite these controls, the same problems exist as with any other networking website: