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Thursday, May 9, 2013

Facebook Facts


Facebook is an online social networking service, whose name stems from the colloquial name for the book given to students at the start of the academic year by some university administrations in the United States to help students get to know each other.[7] It was founded in February 2004 byMark Zuckerberg with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.[8] The website's membership was initially limited by the founders to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League, and Stanford University. It gradually added support for students at various other universities before opening to high school students, and eventually to anyone aged 13 and over. Facebook now allows any users who declare themselves to be at least 13 years old to become registered users of the site.[9]
Users must register before using the site, after which they may create a personal profile, add other users as friends, and exchange messages, including automatic notifications when they update their profile. Additionally, users may join common-interest user groups, organized by workplace, school or college, or other characteristics, and categorize their friends into lists such as "People From Work" or "Close Friends". As of September 2012, Facebook has over one billion active users.[10] According to a May 2011 Consumer Reports survey, there are 7.5 million children under 13 with accounts and 5 million under 10, violating the site's terms of service.[11]
In May 2005, Accel partners invested $12.7 million in Facebook, and Jim Breyer[12] added $1 million of his own money to the pot. A January 2009Compete.com study ranked Facebook as the most used social networking service by worldwide monthly active users.[13] Entertainment Weeklyincluded the site on its end-of-the-decade "best-of" list, saying, "How on earth did we stalk our exes, remember our co-workers' birthdays, bug our friends, and play a rousing game of Scrabulous before Facebook?"[14] Facebook eventually filed for an initial public offering on February 1, 2012, and was headquartered in Menlo Park, California.[2] Facebook Inc. began selling stock to the public and trading on the NASDAQ on May 18, 2012.[15]Based on its 2012 income of USD 5.1 Billion, Facebook joined the Fortune 500 list for the first time, being placed at position of 462 on the list published in the May of 2013.

History
Mark Zuckerberg wrote Facemash, the predecessor to Facebook, on October 28, 2003, while attending Harvard as a sophomore. According to The Harvard Crimson, the site was comparable to Hot or Not, and "used photos compiled from the online facebooks of nine houses, placing two next to each other at a time and asking users to choose the 'hotter' person"[17][18]
To accomplish this, Zuckerberg hacked into the protected areas of Harvard's computer network and copied the houses' private dormitory ID images. Harvard at that time did not have a student "facebook" (a directory with photos and basic information), though individual houses had been issuing their own paper facebooks since the mid-1980s. Facemash attracted 450 visitors and 22,000 photo-views in its first four hours online.[17][19]
The site was quickly forwarded to several campus group list-servers, but was shut down a few days later by the Harvard administration. Zuckerberg faced expulsion and was charged by the administration with breach of security, violating copyrights, and violating individual privacy. Ultimately, the charges were dropped.[20] Zuckerberg expanded on this initial project that semester by creating a social study tool ahead of an art history final, by uploading 500 Augustanimages to a website, with one image per page along with a comment section.[19] He opened the site up to his classmates, and people started sharing their notes.
The following semester, Zuckerberg began writing code for a new website in January 2004. He was inspired, he said, by an editorial in The Harvard Crimsonabout the Facemash incident.[21] On February 4, 2004, Zuckerberg launched "Thefacebook", originally located at thefacebook.com.[22]
Six days after the site launched, three Harvard seniors, Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra, accused Zuckerberg of intentionally misleading them into believing he would help them build a social network called HarvardConnection.com, while he was instead using their ideas to build a competing product.[23] The three complained to the Harvard Crimson, and the newspaper began an investigation. The three later filed a lawsuit against Zuckerberg, subsequently settling.[24] The agreed settlement was for 1.2m shares which were worth $300m at Facebook's IPO.[25]
Membership was initially restricted to students of Harvard College, and within the first month, more than half the undergraduate population at Harvard was registered on the service.[26] Eduardo Saverin (business aspects), Dustin Moskovitz (programmer), Andrew McCollum (graphic artist), and Chris Hughes soon joined Zuckerberg to help promote the website. In March 2004, Facebook expanded to Stanford, Columbia, and Yale.[27] It soon opened to the other Ivy League schools, Boston University, New York University, MIT, and gradually most universities in Canada and the United States.[28][29]
In mid-2004, entrepreneur Sean Parker, who had been informally advising Zuckerberg, became the company's president.[30] In June 2004, Facebook moved its base of operations to Palo Alto, California.[27] It received its first investment later that month from PayPal co-founder Peter Thiel.[31] The company dropped The from its name after purchasing the domain name facebook.com in 2005 for $200,000.[32]
Facebook launched a high-school version in September 2005, which Zuckerberg called the next logical step.[43] At that time, high-school networks required an invitation to join.[44] Facebook later expanded membership eligibility to employees of several companies, including Apple Inc. and Microsoft.[45] Facebook was then opened on September 26, 2006, to everyone of age 13 and older with a valid email address.[46][47]
Late in 2007, Facebook had 100,000 business pages, allowing companies to attract potential customers and tell about themselves. These started as group pages, but a new concept called company pages was planned.[48]
On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion.[49] Microsoft's purchase included rights to place international ads on Facebook.[50] In October 2008, Facebook announced that it would set up its international headquarters in Dublin, Ireland.[51]In September 2009, Facebook said that it had turned cash-flow positive for the first time.[52] In November 2010, based onSecondMarket Inc., an exchange for shares of privately held companies, Facebook's value was $41 billion (slightly surpassing eBay's) and it became the third largest U.S. Web company after Google and Amazon.[53]
Traffic to Facebook increased steadily after 2009. More people visited Facebook than Google for the week ending March 13, 2010.[54]
In March 2011, it was reported that Facebook removes approximately 20,000 profiles from the site every day for various infractions, including spam, inappropriate content and underage use, as part of its efforts to boost cyber security.[55]
In early 2011, Facebook announced plans to move to its new headquarters, the former Sun Microsystems campus in Menlo Park, California.[56][57]
Release of statistics by DoubleClick showed that Facebook reached one trillion page views in the month of June 2011, making it the most visited website of those tracked by DoubleClick.[58]
According to the Nielsen Media Research study, released in December 2011, Facebook is the second most accessed website in the US (behind Google).[59]
In March 2012, Facebook announced App Center, an online mobile store which sells applications that connect to Facebook. The store will be available to iPhone, Android and mobile web users.[60]
Facebook, Inc. held an initial public offering on May 17, 2012, negotiating a share price of $38 apiece, valuing the company at $104 billion, the largest valuation to date for a newly listed public company.[61]
On July 2012, Facebook added a gay marriage icon to its timeline feature.[62]
On August 23, 2012, Facebook released the much anticipated update to its iOS app, version 5.0. The app, which did not receive positive sentiments from its users, was rebuilt from the ground up; the app no longer uses page views which made it slow in the past but now utilizes code that uses native elements of iOS.[63]
On January 15, 2013, Facebook announced their new product Graph Search, which provides users with a “precise answer” rather than a link to an answer by leveraging the data already present on its site.[64] Facebook emphasized that the feature would be "privacy-aware," returning only results from content already shared with the user.[65]
The company is subject of a lawsuit by Rembrandt Social Media which is also suing AddThis for the use of patents belonging to deceased Dutch Programmer Joannes Jozef Everardus van Der Meer which involve the "Like" button.[66]
On April 3, 2013, Facebook unveiled Home, a user interface layer for Android devices offering heavy integration with the service, for an initial release on April 12, 2013. HTC also announced a newsmartphone with Home pre-loaded, the HTC First.[67]
On April 15, 2013 Facebook teamed up the Attorneys General, announcing it's alliance with the National Association of Attorneys General to help provide teens and parents more information on tools that can help manage profiles on Facebook. The partnership between Facebook and the Attorneys General will take place in 19 states.[68]
On April 19, 2013 Facebook officially updated their logo. Facebook's new logo no longer includes the faint blue line at the bottom of their "F" icon. The letter is also pulled closer to the edge of the box.

Criticism
Facebook has met with controversies. It has been blocked intermittently in several countries including the People's Republic of China,[220] Iran,[221] Uzbekistan,[222] Pakistan,[223] Syria(unblocked in Syria[224]),[225] and Bangladesh[citation needed] on different bases. For example, it was banned in many countries of the world on the basis of allowed content judged as anti-Islamic and containing religious discrimination. It has also been banned at many workplaces to prevent employees from using it during work hours.[226] The privacy of Facebook users has also been an issue, and the safety of user accounts has been compromised several times. Facebook has settled a lawsuit regarding claims over source code and intellectual property.[227] In May 2011 emails were sent to journalists and bloggers making critical allegations about Google's privacy policies; however it was later discovered that the anti-Google campaign, conducted by PR giant Burson-Marsteller, was paid for by Facebook in what CNN referred to as "a new level skullduggery" and which Daily Beast called a "clumsy smear".[228]
In July 2011, German authorities began to discuss the prohibition of events organized on Facebook. The decision is based on several cases of overcrowding by people not originally invited.[229][230] In one instance, 1,600 "guests" attended the 16th birthday party for a Hamburg girl who accidentally posted the invitation for the event as public. After reports of overcrowding, more than a hundred police were deployed for crowd control. A policeman was injured and eleven participants were arrested for assault, property damage and resistance to authorities.[231] In another unexpectedly overcrowded event, 41 young people were arrested and at least 16 injured.[232]
In 2007, it was reported that 43% of British office workers were blocked from accessing Facebook at work, due to concerns including reduced productivity and the potential for industrial espionage.[233]
A 2011 study in the online journal First Monday, "Why Parents Help Their Children Lie to Facebook About Age: Unintended Consequences of the Children's Online Privacy Protection Act," examines how parents consistently enable children as young as 10 years old to sign up for accounts, directly violating Facebook's policy banning young visitors. This policy technically allows Facebook to avoid conflicts with a United States federal law, the 1998 Children's Online Privacy Protection Act (COPPA), which requires minors aged 13 or younger to gain explicit parental consent to access commercial websites. Of the more than 1,000 households surveyed for the study, more than three-quarters (76%) of parents reported that their child joined Facebook when she was younger than 13, the minimum age in the site's terms of service. The study notes that, in response to widespread reports of underage users, a Facebook executive has said that "Facebook removes 20,000 people a day, people who are underage." The study's authors also note, "Indeed, Facebook takes various measures both to restrict access to children and delete their accounts if they join." The findings of the study raise questions primarily about the shortcomings of United States federal law, but also implicitly continue to raise questions about whether or not Facebook does enough to publicize its terms of service with respect to minors. Only 53% of parents said they were aware that Facebook has a minimum signup age; 35% of these parents believe that the minimum age is a site recommendation (not a condition of site use), or thought the signup age was 16 or 18, and not 13.[234]
In November 2011, several Facebook users reported that their accounts were hacked and their profile pictures were replaced with pornographic images. For more than a week, users' news feeds were spammed with pornographic, violent and sexual contents. It has been reported that more than 200,000 accounts in Bangalore, India were hacked. Facebook has denied the claims, citing that "safety of the users was on the top of their priority list".[235][236]
A 2013 study in the journal CyberPsychology, Behavior, and Social Networking, "Who Commits Virtual Identity Suicide? Differences in Privacy Concerns, Internet Addiction, and Personality Between Facebook Users and Quitters" points to the fact that there is a rising number of Facebook users who are discontent with Facebook and finally decide to quit Facebook. The number one reason for users to quit Facebook was privacy concerns (48%), being followed by a general dissatisfaction with Facebook (14%), negative aspects regarding Facebook friends (13%) and the feeling of getting addicted to Facebook (6%). Facebook quitters were found to be more concerned about privacy, more addicted to the Internet and more conscientious.


Impact

Media impact

In April 2011, Facebook launched a new portal for marketers and creative agencies to help them develop brand promotions on Facebook.[237] The company began its push by inviting a select group of British advertising leaders to meet Facebook's top executives at an "influencers' summit" in February 2010. Facebook has now been involved in campaigns for True Blood, American Idol, and Top Gear.[238] News and media outlets such as the Washington Post,[239] Financial Times[240] and ABC News[241] have used aggregated Facebook fan data to create various infographics and charts to accompany their articles. In 2012, the beauty pageant Miss Sri Lanka Online was run exclusively using Facebook.[242]

Social impact

Facebook has affected the social life and activity of people in various ways. With its availability on many mobile devices, Facebook allows users to continuously stay in touch with friends, relatives and other acquaintances wherever they are in the world, as long as there is access to the Internet. It can also unite people with common interests and/or beliefs through groups and other pages, and has been known to reunite lost family members and friends because of the widespread reach of its network. One such reunion was between John Watson and the daughter he had been seeking for 20 years. They met after Watson found her Facebook profile.[243] Another father–daughter reunion was between Tony Macnauton and Frances Simpson, who had not seen each other for nearly 48 years.[244]
Some argue that Facebook is beneficial to one's social life because they can continuously stay in contact with their friends and relatives, while others say that it can cause increased antisocial tendencies because people are not directly communicating with each other. Some studies have named Facebook as a source of problems in relationships. Several news stories have suggested that using Facebook can lead to higher instances of divorce and infidelity, but the claims have been questioned by other commentators.[245][246]

Political impact

Facebook's role in the American political process was demonstrated in January 2008, shortly before the New Hampshire primary, when Facebook teamed up with ABC and Saint Anselm College to allow users to give live feedback about the "back to back" January 5 Republican and Democratic debates.[247][248][249] Charles Gibson moderated both debates, held at the Dana Center for the Humanities at Saint Anselm College. Facebook users took part in debate groups organized around specific topics, register to vote, and message questions.[250]
ABCNews.com reported in 2012 that the Facebook fanbases of political candidates have relevance for the election campaign, including:
·         Allows politicians and campaign organizers to understand the interests and demographics of their Facebook fanbases, as with Wisdom for Facebook, to better target their voters.
·         Provides a means for voters to keep up-to-date on candidates' activities, such as connecting to the candidates' Facebook Fan Pages.
Over a million people installed the Facebook application "US Politics on Facebook" in order to take part, and the application measured users' responses to specific comments made by the debating candidates.[252] This debate showed the broader community what many young students had already experienced: Facebook as a popular and powerful new way to interact and voice opinions. An article by Michelle Sullivan of Uwire.com illustrates how the "Facebook effect" has affected youth voting rates, support by youth of political candidates, and general involvement by the youth population in the 2008 election.[253]
In February 2008, a Facebook group called "One Million Voices Against FARC" organized an event in which hundreds of thousands of Colombians marched in protest against the Revolutionary Armed Forces of Colombia, better known as the FARC (from the group's Spanish name).[254] In August 2010, one of North Korea's official government websites and the official news agency of the country, Uriminzokkiri, joined Facebook.[255]
In 2011 there was a controversial ruling by French government to uphold a 1992 decree which stipulates that commercial enterprises should not be promoted on news programs. President Nicolas Sarkozy's colleagues have agreed that it will enforce a law so that the word "Facebook" will not be allowed to be spoken on the television or on the radio.[256]
In 2011, Facebook filed paperwork with the Federal Election Commission to form a political action committee under the name FB PAC.[257] In an email to The Hill, a spokesman for Facebook said "FB PAC will give our employees a way to make their voice heard in the political process by supporting candidates who share our goals of promoting the value of innovation to our economy while giving people the power to share and make the world more open and connected."[258]

In popular culture

·         American author Ben Mezrich published a book in July 2009 about Mark Zuckerberg and the founding of Facebook, titled The Accidental Billionaires: The Founding of Facebook, A Tale of Sex, Money, Genius, and Betrayal.[259]
·         The Social Network, a drama film directed by David Fincher about the founding of Facebook, was released October 1, 2010.[260] Mark Zuckerberg has said that The Social Network is inaccurate.[261]
·         In response to the Everybody Draw Mohammed Day controversy and the ban of the website in Pakistan, an Islamic version of the website was created, called MillatFacebook.[262]
·         "You Have 0 Friends", an April 2010 episode of the American animated comedy series, South Park, explicitly parodied Facebook.[263]
·         At age 102, Ivy Bean of Bradford, England joined Facebook in 2008, making her one of the oldest people ever on Facebook.[264][265] At the time of her death in July 2010, she had 4,962 friends on Facebook and more than 56,000 followers on Twitter.[266]
·         On May 16, 2011, an Israeli couple named their daughter after the Facebook "like" feature.[267][268]
·         Major competitors of Facebook are qzone(qq.com) and renren in China and South Korea; VK (social network) and Odnoklassniki in Russia, Belarus, Kazakhstan, Kyrgyzstan, Moldova,Ukraine, Uzbekistan; Draugiem.lv in Latvia; Cloob in Iran; Zing in Vietnam; mixi in Japan.