This week one of the most popular social networks in the world celebrated its 10th birthday. Mark Zuckerberg and his Harvard college roommates founded facebook over a decade ago, and it’ s now a publicly traded company. In only its first decade, the website has become the most widely used social network, ever.
In 2013 facebook bought the very popular photo app – Instagram, which is wildly popular among smart-phone users. Unlike many other social networks, there is very little you can’t do on facebook, from sharing videos with friends and family, to advertising campaigns for your business. There’s a purpose for facebook in every demographic. This month C.E.O Mark Zuckerberg released a statement on the company’s facebook page stating that he is even more excited about the next ten years than the last. He also said, “Today, social networks are mostly about sharing moments. In the next decade, they’ll also help you answer questions and solve complex problems.” In other words, you can expect a major paradigm shift in the upcoming decade. Of course, like any other social network, the company will inevitably face the challenge of aging gracefully while keeping the interest of young users who are always looking for the latest and greatest thing. Even so, facebook has already left its mark on social media history, being the first to escalate so quickly and so successfully. The company is worth a reported $157 billion, which is far more than any other major American company that’s been around for a decade. Because of facebook’s success, Mr. Zuckerberg ranks as the 22nd richest man in the world, his net worth now stands at approximately $28 billion. Ironically, Zuckerberg’s salary as an employee of facebook is $1 per year. It’s estimated that he has already earned $3.4 billion since the beginning of this year. Which means 2014 looks to be a very promising year for Mr. Zuckerberg and facebook.
by Mike Watkins