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Networking news is all abuzz with information about Facebook and MySpace. They are the two heavy hitters in the online social networking scene. People of all ages have profiles on this social networking site and its competitor MySpace. Between the two there are over 100 million users that visit these sites daily to share stories, find friends or to make new connections. If you have not visited "Facebook", then you are missing out on some great opportunities to connect. The website, "Facebook" made its debut in February of 2004 and it had business experts wondering how it would actually be able to make money. Before you can delve into that though, you first have to understand how it was founded and how it eventually branched out into the moneymaker that it is today. This social networking website was created by Mark Zuckerberg as a way to provide Harvard students the ability to network with each other. It soon spread from Harvard to other Ivy League schools as it gained in popularity. On September 26, 2006 it became available to the world. With a Facebook login, which is only attainable if you are over thirteen and have an email address, you can create your own personal profile and connect with others. It was an instant success with younger generations. This website allows people to find friends, upload photos and post comments for other friends. The website is free for use but it does gather money through its advertising services through the use of banner ads. Here is where the problem is arising. Many business experts are forecasting that not enough revenue will be generated through services purchased, via the banner ads, to keep supporting the growing network. The biggest threat that it faces is from their rival competitor MySpace. There are only 36 million people using it compared to the 73 million that use MySpace. This may lead many potential business investors to veer away from this social networking site. It is a growing concern among investors that eventually the cost of running this social networking website will eclipse the revenue it is generating. There are talks of merger news every few months but founder Mark Zuckerberg maintains that he has no interest in allowing an acquisition or merger. This may prove to be the downfall of Facebook. For now though, Facebook is still standing strong and is a great way to find friends. It may not have the users that MySpace has attained but it is still the second largest networking site in the world. Other networking sites that are in development may not have the chance to cash in on this market unless something happens to Facebook and it falls from grace due to monetary problems. If you are interested in learning about this social networking site, then you can visit "Facebook" to try it out. You may be surprised and prefer it over MySpace. A free gift awaits you at our portal site, where you can enrich your knowledge further about www facebook com. Your comment is much appreciated at our face book com blog.
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