Sunday, December 5, 2010
facebook effect 2
Thefacebook was active at 370 schools and was valued at 40 to 60 million dollars. Shortly thereafter it grew to 75 million dollars. At first this site was strictly made by college students and used strictly by college students. It was in its prime and at first had a tough time taking off. Many people espescially computer and dot com agencies did. It was tough to get started with because of the dot com crash of 2000 to 2001, but the companies finally had enough capital to begin. Once this started thefacebook began to take off. The price was raised to about 80 million and people really started to show interest in the site. One of the reasons why facebook took off was due to the fact of a man named Mark Zuckerberg. He is an intelligent man and very sensible. He is a Harvard graduate and was great with computers. But, he wasnt the only guy toget the site going. he had alot help, his friends from school. Although, the very unfortunate thing about making money and becoming famous is that you lose your loyalty to your friends and start becoming very greedy. This happened to Mark Zuckerberg and he and old friends, who helped develop the site were in a financial war to see who really deserves to have the rights to the site. However, I think that Mark Zuckerberg still has the rights to the site and is probably a billionaire.
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