Facebook was originally founded in early 2004 by a group of ex-Harvard university students as a service that was initially restricted to students of their own university.
After this Facebook got going pretty quickly as they were able to expand into most of the Ivy League schools in the USA. We then saw another expansion into most all colleges of the USA as well as a lot of the high schools.
After this period of time Facebook went international, expanding into the UK, Canada, and Australia, this was done by using the final guise as an educational service, and open to anyone who had a college or University Email address such as .edu, .ac, .uk and so on.
Then at a point in 2006, Facebook stirred up a large host of university and educational persons involved with the original grass roots educational movement and announced that anyone, worldwide could register and participate in Facebook. Needless to say this move upset a lot of the old timers of Facebook.
They still seem to have a good hold on the social networking and educational community, especially within the USA. The company touts the fact that most US college students have Facebook accounts.
Many other countries around the world have replicated this same thing. According to Wikipedia, facebook had the largest number of students registered of all the social network sites, with about 55 million users.
According to Facebook more than half of these, now at least 30 million persons actively participate within Facebook on a monthly basis. They are presently enjoying about 100,000 new sign-ups daily, for an expansion rate of 3% plus per week.
They claim the fastest growing segment or demographic group of new users is the age 25 group. So with some restraint and savvy this group could be the best for business uses when handled correctly.
Then you cannot overlook the fact that for a 1.6% stake in Facebook, Microsoft recently spent about $240 million dollars, this would put the value near 15 billion. The company and website is certainly moving quickly in the proper direction.
When you start to examine the demographics and structure of Facebook, it is easy to realize Facebook can represent a huge potential marketplace for your products and services.
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