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Facebook at 500 Million

By The Globalist


From its humble beginnings in a Harvard dorm room in 2004, the social networking site Facebook has taken the world by storm. Originally only for college students, the site has rapidly expanded to the general public. However, the network has encountered its fair share of growing pains, the most notable of which are frequent controversies over privacy. The Globalist takes a closer look at Facebook.

How many people use Facebook?

Facebook is the world's biggest social networking service, having surpassed 500 million members on July 21, 2010. The site is used by 22% of everyone on the Internet - and it's growing by 5% a month.

(New York Times)

About 70% of all Facebook users are outside the United States. (Washington Post)

What's another way to put Facebook's size into perspective?

The number of Facebook users is close to the combined populations of the United States, Japan and Germany.

(Washington Post)

Where does Facebook rank among the world's most popular sites?

Facebook is the second-most-visited website on earth, ranking behind only Google - with the average Facebook user spending almost an hour on the network each day.

(Kirkpatrick: The Facebook Effect)

Where are most of Facebook's users located?

About 70% of all Facebook users are outside the United States.

(Washington Post)

How accessible is the site to people of differing nationalities?

Facebook is currently translated into more than 40 languages.

(New York Times)

Estimates indicate that Facebook's revenues, mostly from advertising, could top $1 billion this year. (Los Angeles Times)

How did it accomplish this feat?

Facebook is able to translate its site into dozens of languages by asking international users to install an application that lets them translate words on Facebook from English to their native languages. The translations are then voted on by users.

(CNET)

Is Facebook the leading social network in every country?

In only Japan, Russia, China and South Korea is Facebook not the leading social network. In these countries, Facebook faces large, established competitors, including Japan's Mixi, Tencent QQ in China and Vkontakte of Russia.

(Financial Times)

On average, how many users are on Facebook daily?

Facebook has 150 million users a day, compared to 55 million for YouTube.

(Benchmark Capital and Institutional Venture Partners)

Who are Facebook's most popular members?

As of July 22, 2010, the late Michael Jackson had nearly 16.8 million fans on Facebook, followed by singer Lady Gaga (13.3 million), actor Vin Diesel (12 million) and U.S. President Barack Obama (11.1 million).

(Facebook)

With over 48 billion unique images, Facebook houses the world's largest photo collection. (Time Magazine)

What can be gleaned about human behavior from Facebook?

Based on access to two years of anonymous "status updates" from 100 million U.S. Facebook users, happiness increases an average of 9.7% on Friday, compared with Monday, the worst day of the week.

(Facebook)

Apart from the social networking aspect, what else does Facebook have to offer?

More than 200 million people play games on Facebook every month. A handful of games - Farmville, Treasure Isle, Cafe Worlds, Mafia Wars and PetVille - account for more than half of those numbers.

(Financial Times)

How many pictures have users displayed on the site?

With over 48 billion unique images, Facebook houses the world's largest photo collection.

(Time Magazine)

Why is Facebook a double-edged sword?

The number of Facebook users is close to the combined populations of the United States, Japan and Germany. (Washington Post)

Facebook provides great opportunities for personal contact - for example, you can celebrate your niece's first steps there and mourn the death of a close friend - but the company is making money because its users are, on some level, broadcasting those moments online.

(Time Magazine)

What's at the root of the controversy surrounding Facebook?

Facebook has come under fire for its policies on issues such as how it handles user data, how long it retains information from deleted accounts - and how much of a member's profile can be shared with third-party partners.

(CNET)

Have Facebook's privacy policies encountered resistance in the United States?

While Facebook's privacy policies have been maligned by advocacy groups, legally speaking, they have thus far held up relatively well in the United States. For example, a coalition of senators who called attention to the amount of data that Facebook shares with third parties quieted down when the social network made some modifications.

(CNET)

Is the story different outside the United States?

The vast majority of Facebook's users live outside the United States, in countries where laws are different and where lawmakers are much less likely to agree with the Facebook concept - or even the American concept - of online privacy.

Facebook is the second-most- visited website on earth, ranking behind only Google. (Kirkpatrick: The Facebook Effect)

(CNET)

Are the company's privacy woes taking a toll on its public image?

In mid-July 2010, Facebook received a rating of 64 out of 100 on the University of Michigan's 2010 American Customer Satisfaction Index E-Business report. It thus ranks lower than the IRS - and is in the bottom 5% of all the private companies the report measured, including airlines and cable companies.

(Los Angeles Times)

How did Facebook get its start?

In 2004, 19-year-old Harvard student Mark Zuckerberg co-founded Facebook in his dorm room. The site was originally only for Harvard students, but it gradually expanded to other colleges before becoming available to high school students - and then to anybody over age 13.

(New York Times)

How much money does Facebook make?

While Facebook is a privately held company and does not disclose financial results, estimates indicate that its revenues, mostly from advertising, could top $1 billion this year - up from about $550 million in 2009 and $300 million in 2008.

(Los Angeles Times)

And finally, despite the fact that there are people joining every day, are there also people leaving?

According to figures from Google, in early May 2010, global queries for "delete Facebook account" more than doubled - reaching a record high.

(Financial Times)

 

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