Facebook was launched by Mark Zuckerberg, then aged 19, in February 2004. The website was known as thefacebook.com for the next year, until in August 2005 when it was called Facebook. It is one of the biggest social networking websites generating 250 million users by 2009 and five hundred million users at present.

Facebook has since continued to generate popularity encouraging the website to build an even more accommodating and rewarding service to their members. Started of a media for students at Harvard University to get to know each other, Facebook was opened for the general Internet Public by the end of 2005. With the obtained success and such big potential, the website had attracted major investors to contribute to this achievement and the coming development. In 2007 Microsoft invested 246 million dollars to the company, which was worth 1.6 % of the share, and was an incredible amount on top of the initial 40 million dollars investments from a number of other contributors. In addition, capturing further interests from profit seeking organizations, Facebook also offers advertising opportunities for businesses to market their products. They provide flexibility in terms of advertising budgets and supports for the actual ads displayed on the website. [Read more...]