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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>
==Monetary Value==
==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>
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 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>
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 and 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>
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 and 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>
==Privacy Issues==
==Privacy issues==
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.
*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.
*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.
== See Also ==
== See also ==
* [[Social media]]
* [[Social media]]
* [[Twitter]]
* [[Twitter]]