Tuesday, March 31, 2009

The growth story of Facebook

NYT has an excellent chronicle of social networking leader Facebook, which since its launch in February 2004, is now set to register its 200 millionth user, doubling in size in the last eight months. Though Facebook is privately held and doesn’t publicly disclose its earnings, various press and analysts’ estimates of its 2008 revenues span from $250 million to $400 million, though not enough to cover the company’s escalating expenses. This excellent graphic captures the growth of Facebook.

Update 1
Twitter is emerging as an increasingly useful business tool and information sourcing site.

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