Tag Archives: Facebook

Facebook Celebrates its 10th Birthday

Mark Zuckerberg as well as Facebook has passed 10 years successfully and today (Tuesday 4th Feb 2014) Social networking giant Facebook is celebrating its 10th anniversary on Tuesday.Created in a Harvard dorm room in 2004.

So there are ten candles on the Facebook birthday cake and a phenomenal decade. 10 years before it did not exist now, Facebook has more than 1.23 billion users; including 945 million who use social network on a mobile device, to put that in perspective it’s something like population of India. According to the research firm eMarketer Facebook has become the second-largest recipient of digital advertising spending behind Google, and is particularly strong in mobile ads.

It was the revelation of Mark Zuckerberg. The anniversary comes on back of soaring profits of 1.5 billion dollars for 2013.
But it has had to address legal issues: last year Facebook paid 20 million dollars in a class action lawsuit regarding users’ images being used in the advertising content.

Researchers at Princeton University predict a bumpy ride for the social network site in the next decade, saying its user base will desert it as it falls out of fashion.

By using same research methods as the university Facebook responded saying Princeton might be in danger of disappearing completely.

 

India: The next big thing for Facebook

She is the India head of a global firm that celebrates its 10th anniversary this week, and the company’s founder is a tech icon who says India will be the next big thing for his business. She appears positive the Indian market can bring what the boss wants.

Kirthiga Reddy (42), chief of Facebook in India, declares her challenge is to make the Indian firms see Facebook as a mass media but not social media. “That is the shift that I see, that’s the kind of discussion I have with Indian CEOs and CMOs,” Reddy says.

“Zuck (Mark Zuckerberg, founder of Facebook) observes India as a key market…..a big market for our monetization force, a lead market for emerging the economy models,” says Reddy, who joined with company in July 2010. “What we learn in India, we put into operation elsewhere,” she adds.

India numbers of Facebook are impressive: more than 93 million users, and second only to the US user base and as many as 75 million of these are on mobile (According to December 2013). Given FB’s worldwide announced importance on exploiting the mobile platform, Facebook India seems to have perfect kind of platform. Read More…..

Facebook Will Lose 80% Users

The Facebook phenomenon will ultimately demise, according to the study by the Princeton University.

The Researchers, who are using diseases to model of the life-cycles of social media, discover it much like an infectious disease that spreads swift and dies out of blues.

The Disease models are able to use to recognize the mass adoption and successive flight from online social networks, according to that study by the Princeton’s Department of the Mechanical and Aerospace Engineering.

The study has not been look closely reviewed.

Updating customary models on the disease extend to assume that “recovery” requires contact with non-diseased member—a “recovered,” non-user of Facebook —researchers predicted, Facebook will notice a quick decline, causing the site to lose 80% of its peak user base between 2015 and 2017.

Fundamentally,( if the model is correct) users will lose interest in Facebook after a while as their peers lose interest.

“Ideas, like diseases, have been shown to spread infectiously between people before ultimately dying out, and have been effectively described with the epidemiological models,” reads the study.

Photo: Flickr

News: Reuters

Zuckerberg Makes $3B in One Day as Facebook Stock Surges

Very good day at the office for Mark Zuckerberg. He made $3 billion.

With the Facebook’s stock rising 16 % to an all-time high over $61 on Thursday, social networking company’s founder and CEO’s wealth also shot up by more than $3 billion to $29.7 billion, according to the Wealth-X.

That is up from net worth of $20 billion that he hit at the Facebook’s IPO in May 2012. And his net worth has almost tripled since those dark days of the Facebook’s post-IPO depression last year, when Zuckerberg was down to his last $10 billion.

Zuckerberg may perhaps be the richest 29-year-old American ever.

Facebook Parodies Princeton’s ‘bubonic plague’ Study

Now Facebook uses Google Trends data for predicting there will be no students left at Princeton by 2021, and no air by 2060
Facebook has posted a dry reply to a report by the Princeton researchers, which forecast imminent demise of the world’s most popular and accepted social network, predicting that Princeton University may be in risk of disappearing entirely by 2021.

The main Princeton study claimed that Facebook has extended like an infectious disease, but that users are slowly becoming immune to its attractions. Researchers predicted that Facebook will drop 80 % of users by 2017, by comparing the growth curve of epidemics like plague to those of online social networks.

Princeton researchers John Cannarella and Joshua Spechler based their prediction on the number of times Facebook is typed into Google as a search term. They realized that Facebook searches peaked in December 2012 and have begun to tail off.
By using the same “robust methodology”, Facebook data scientist Mike Develin found that the percentage of Princeton papers in the journals has dropped significantly since 2009. He went on to highlight “a strong correlation between undergraduate enrollment of an institution and its Google Trends index”.

“Sadly, this spells bad news for this Princeton entity, whose Google Trends search scores have been declining for the last several years,” wrote Develin in a blog post.
“This trend suggests that the Princeton will only have half its present enrollment by 2018, and by 2021 it will have no students at all. Based on our robust scientific analysis, future generations will be able to imagine this now-rubble institution that once walked this earth.”

He went on to suggest that by the year of 2060 there will be no air left, based on fact that Google Trends for “air” have been declining steadily.

In the postscript to the tongue-in-cheek blog post, Develin said: “We do not really consider Princeton or the world’s air supply is going anywhere soon. We care for Princeton (and air). As data scientists, we wanted to offer a fun reminder that not all study is created equal – and some techniques of analysis lead to pretty crazy conclusions.”
Facebook is at present the most used social networking service worldwide, with about 1.2 billion monthly users.