Facebook a growing phenomenon

In a day and age when so many people have so many things to juggle in their daily lives, who in the world would still be able to somehow find the time to visit their friends during the work day on one of the hottest ways to meet people and network.

In a day and age when so many people have so many things to juggle in their daily lives, who in the world would still be able to somehow find the time to visit their friends during the work day on one of the hottest ways to meet people and network. Why has everyone gone Facebook crazy?

Facebook users can choose to join one or more networks, organized by city, workplace, school and region, and is the second largest social network on the Web, behind only MySpace, in terms of traffic.

Starting out as a source focused on high school to college students, Facebook has been gaining market share and more significantly a supportive user base for business networking for everything from everyday people to world famous celebrities.

Since their launch in February 2004, the social Web site has been able to obtain over 100 million users in the U.S. alone and expand worldwide to seven other English-speaking countries, with more to follow. Like most Web sites, Facebook generates revenue from advertising, including banner ads.

Originally named “thefacebook,” the site was founded by former-Harvard student Mark Zuckerberg (while at Harvard) who ran it as one of his hobby projects.

Within months, Facebook and its core idea spread across the dorm rooms of Harvard where it was very well received. Soon enough, it was extended to Stanford and Yale where, like Harvard, it was widely endorsed. Before Zuckerberg knew it, the site was a hit. So he partnered with two other fellow Harvard students–Dustin Moskovitz and Chris Hughes–to help him grow the site to the next level.

Only months later when it was officially a national student network phenomenon, Zuckerberg and Moskovitz dropped out of Harvard to pursue their dreams and run Facebook full time. In August 2005, thefacebook was officially called Facebook, and the domain name “facebook.com” was purchased for a reported $200,000.

In July, Facebook introduced Facebook Beta, a significant redesign of its user interface on selected networks. With the enhanced site, an effort was made to create a "cleaner" look.

After initially giving users a choice to switch, Facebook began migrating all users to the new version that began last month. When subscribimg to Facebook, users can find old and new friends, and send them messages.

One of the most popular applications on Facebook is the photo application, where users can upload albums and photos.

Facebook has become so popular that some employers have banned the Web site at many workplaces because they feel it causes a decrease in productivity.

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