When it come to 21st Century online success stories, you just can’t leave out the incredible change growth and worldwide change Facebook has achieved. Facebook was just a coding project which Mark Zuckerberg started as a timepass in his Harvard dorm room. Now it’s a global MNC with $4 Billion of revenue that is used by 1/8th population of the world’s population.
On February 4, 2004 Mark officially launched Facebook. He had never expected it to be a great success he didn’t do anything like the entrepreneurs do, he just built a cool product and launched it. The website blew up in popularity in merely few hours of operation as it gained over 20,000 views.
Mark and his co-founder, Eduardo Saverin realized it’s potential and decided to fund it. Their early assistance came from Peter Thiel who invested $5,00,000 in the project which turned into several billions later. Facebook then grew and attracted people from Universities across United States.
The pressure on the investors increased as the wanted it to go global. They lacked the resources and wanted to expand its revenue so in order to do so they increased its revenue by non-intrusive advertising. Facebook then took over internationally. As the website was launched with amazing features and a user-friendly interface, it gained worldwide competence.
Facebook has, till date, created tens of billionaires, hundreds of millionaires and online resource that’s helps hundreds of millions of people to connect with each other.
Facebook now generates 62% of its total advertising sales from mobile ads. The number of daily mobile users rose nearly 40% from a year ago.And the major landmark for Facebook was when it announced its Acquisition of WhatsApp Inc. On February 19,2014 for $19 billion.
With all the acquisitions under its belt, the social networking giant is now worth over $200 billion. At this years annual #f8developers conference, Facebook unveiled its plans for building an army of drones for beaming internet worldwide. Also, the latest AI can scare the living daylights out of you!