FACEBOOK case study

11493 words 46 pages
Course

Facebook
ACCOUNTING

http://create.mheducation.com
Copyright 2014 by McGraw-Hill Education. All rights reserved. Printed in the United States of America. Except as permitted under the United States Copyright Act of 1976, no part of this publication may be reproduced or distributed in any form or by any means, or stored in a database or retrieval system, without prior written permission of the publisher.
This McGraw-Hill Create text may include materials submitted to
McGraw-Hill for publication by the instructor of this course.
The instructor is solely responsible for the editorial content of such materials. Instructors retain copyright of these additional materials.
ISBN-10: 1308388098

ISBN-13: 9781308388090

Contents
Facebook
…show more content…
University officials, however, quickly shut down Facemash and placed Zuckerberg on a six-month academic probation for breach of security.
The following semester, Zuckerberg began work on a new website—The Facebook—that leveraged some of the features from Facemash. Designed initially to replace Harvard’s printed student directory, Zuckerberg and several fellow students officially launched The Facebook in February 2004 (the “The” was dropped shortly thereafter). Joining members were allowed to add a picture, major, and hometown to their profile and could link their profile to those of their friends.2 Half of Harvard’s undergraduates had signed up within just over a month of the launch. Realizing the site’s potential, Zuckerberg opened the platform up to other universities in the Boston area, and to Stanford, Columbia, and Yale. The only requirement to join was an e-mail address ending in .edu.3
Facebook continued to grow rapidly over the next several years. In May 2005, the website was in use at over
800 colleges and universities and received $12.7 million in investment from venture capital firm Accel Partners.4
High school and international school networks were added in the fall of 2005. By year’s end, Facebook had achieved $9 million in revenue and accumulated six million monthly active users (MAUs).5 The following year was another strong one for the

Related

  • Cyworld Case Study
    1038 words | 5 pages
  • Case Study
    1756 words | 8 pages
  • Case Study
    1166 words | 5 pages
  • Case Study
    2009 words | 9 pages
  • Case Study
    1814 words | 8 pages
  • Case study
    1120 words | 5 pages
  • Case Study
    2168 words | 9 pages
  • Case Study
    1132 words | 5 pages
  • Case Study
    1278 words | 6 pages
  • Case Study
    993 words | 4 pages