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A new infographic by Phd Online sums up the story behind Facebook. The now 6 years old social network has grown into the world’s largest networking site with more than 500 million users.
The success of Facebook is rather indisputable with an estimate of 1 billion $ revenue in 2010. But the social network didn’t have a clear business model, when it was founded back in 2004. Still, being launched with focus on the product instead of a sustainable business model proved to be successful.
In 2006 Microsoft became Facebook’s sole advertising investor, but this partnership ended January 2010, and Facebook is now solely powered by social ads.
You can read more about Facebook on their press site.
Source: www.onlinephdprograms.com
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