Ten years ago today, Facebook was founded by Mark Zuckerberg as a platform for students to connect with each other. Today it's an iconic social networking site with 1.23- billion users.
It’s fair to say that Facebook is now something that most people can't live without - a vital resource for surviving the age of modern media and consumer electronics.
Success was inevitable when Zuckerberg released the beta version of Facebook, as it received so much hype and speculation from his students at Harvard University all those years ago
That said, the road to sustainability and profitability hasn’t been easy: countless lawsuits have ripped into the reputation of both the site and Zuckerberg – but the site's credibility has never wavered.
Commenting on his company’s successes over recent years, CEO Mark Zuckerberg said: “It’s been amazing to see how people have used Facebook to build a real community and help each other in so many ways.”
Last year, Facebook turned over a profit of around $30 billion, with Zuckerberg said to be worth around $29 billion. However, if Facebook wants to continue to flourish in terms of profit, it needs to think about how it can continue to appeal to the younger audience – something that has been picked up on by a number of analysts.
Still, it’s huge milestone to reach and we forsee many more exciting things to come for Facebook.
Blog post by Nicholas Fearn:
"I'm an ambitious blogger and aspiring journalist from Wales, and have not let the fact of being diagnosed with a form of Autism impede my drive and enthusiasm to succeed.
I enjoy writing about consumer electronics, social media, and lifestyle, but also have an interest and some experience in mainstream news reporting. My pieces have appeared on a variety of media including: The South Wales Evening Post, Shiny Shiny, PhoneDog, PRexamples, and The Backbencher.
Alongside my writing, I continue to support charities such as the National Autistic Society and Cancer Research. This includes editing the Real Opportunities (Neath and Port Talbot) newsletter, a scheme that aims to help disabled adolescents with transition to education and work placements"
We're excited to have Nicholas on board - watch this space!