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Exercise 12

Facebook, Inc. is a leading American social media company founded by Mark Zuckerberg and others in 2004, initially limited to Harvard students before expanding to a wider audience. It went public in 2012 with a valuation of $104 billion and generates most of its revenue from advertisements. As of December 2018, Facebook had over 2.3 billion monthly active users but faces challenges with fake accounts.

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5 views1 page

Exercise 12

Facebook, Inc. is a leading American social media company founded by Mark Zuckerberg and others in 2004, initially limited to Harvard students before expanding to a wider audience. It went public in 2012 with a valuation of $104 billion and generates most of its revenue from advertisements. As of December 2018, Facebook had over 2.3 billion monthly active users but faces challenges with fake accounts.

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semvireakboth2009
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Exercise 12

1.Open Microsoft Word

2.Type the following exercise below

3.Save your document

Facebook ,Inc.is an American online social media and social networking service company based in
Menlo Park, California.

It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates
Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. It is considered one of the
Big Four technology companies along with Amazon, Apple, and Google.

The founders initially limited the websites’ membership to Harvard students and subsequently
Columbia Stanford, and Yale students. Memberships was eventually expanded to the remaining Ivy
League schools, MIT, and higher education institutions in the Boston area, then various other
universities, and lastly high school students. Since 2006, anyone who claims to be at least 13 years
old has been allowed to become a registered user of facebook, though this may vary depending on
local laws. The name comes from the face book directors often given to American university
students. Facebook held its initial public offering (IPO) in February 2012, valuing the company at
$104 billion, the largest valuation to date for a newly listed public company. Facebook makes most
of its revenue from advertisement that appear onscreen and in users News Feeds.

The Facebook service can be accessed from devices with Internet connectivity, such as personal
computers tablets and smartphones After registering, users can create customized profiles revealing
information about themselves. They can post text, photos and multimedia which are shared with
any other users that have agreed to be their”friend”. Users can also use various embedded apps, join
common-interest groups, and receive notifications of their friends activities. Facebook claimed that
had more than 2.3 billion monthly active users as of December 2018. However, it faces a big
problem of fake accounts. It caught 3 billion fake accounts in the last quarter of 2018 and the first
quarter of 2019 questioned whether Facebook knows how many actual users it one of the world’s
most valuable companies.

Facebook offers other products and services, It acquired WhatsApp, Oculus and GrokStyle and
independently developed Facebook Watch, and Facebook Portal.

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