Facebook- $$ printing machine
As we all know about facebook,its a social networking website.We all check our profile daily or once a week for different activities.Some wants to be close with their friends and family members and some use facebook for promotions of their business and a little percent use with some horrible thoughts.
According to facebook’s recent announcement about 1 billion users-roughly a seventh of the world’s entire population — logging onto the social network at least once a month and did nothing but work as an unpaid employees.
In 2005 there are 5.5 million users of facebook and in 2010,this count reaches to 500 million.
Facebook has rolled out product after product aimed at boosting Facebook’s bottom line — from letting members send friends physical gifts to giving them the option to pay $7 to promote their posts to their Facebook friends and subscribers.
Facebook’s biggest challenge became a great way to “make a lot of money.” And he has since talked about mobile as Facebook’s “massive opportunity.” Opportunity or problem, it’s certainly a reality, with roughly 600 million of those 1 billion users accessing Facebook via their smart phones.
In August, Facebook began letting some developers buy ads in mobile News Feeds as a way to drive more people to their apps.
Just before the quarter ended, Facebook began testing a mobile ad network through which it’s selling ads that appear on apps or mobile sites you visit outside of Facebook, which is certainly helpful on the not-cluttering-up-your News Feed front.
Facebook users works as an unpaid employees for facebook.Now you think how it is possible? It is possible as every activity of user help facebook to earn.These earnings are reaching the sky as facebook is launching new applications everyday and for every use of that application facebook add some amount to his earnings.Activities like change of profile pic,status updates,adding new friends,etc. helps the facebook.
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