Sunday, November 28, 2010

whats happening to facebook

Finding a way to pay for a company like any online company that actually does not sell hands on product is difficult to find a source of income. Yes the potential investors should have been amazed because the Facebook is different than anything else out there. The site is able to go for what college students want. It is very hard to try to analytically write about a site that we all know to now affect so many people’s lives. Like this is a company that if anyone knew what Facebook would become as profitable and so part of life than they would invest every penny that they had into it. For the lucky people who did invest they got so lucky to get into a business like this one. I feel so sorry for the people who passed up investing in Facebook. They are probably shooting themselves right now that they said no.
            The act of becoming a company is a huge step for an online business. Yes people can make profit from running a business out of your room or small office but once the steps are taken to become a company there are entire new issues. A company becomes very serious and at that point there are more legal aspects that need to be followed because of more employees. Like the book said it is a lot different being a CEO than being roommates with somebody. Getting Rothschild on board seemed to be a huge thing for the company. Getting people with experience like him is great to have when a business is growing. I also think that having inexperience but creative and ambitious people like the founders on board is what makes billion dollar companies not experience. People with experience tend to play it too safe and not take the risks inexperienced people do take. This combination of experience and ambition is a match not to mess with.
            To figure out what Facebook truly is, is not so simple to figure out. There are so many if not infinitesimal factors to determine what it really is. But when it comes down to it Facebook is a gateway. It is a gateway of communication and now part of life for many people. Without Facebook many people would not have come back in contact with people they lost touch with. More and more Facebook is changing and it is changing the world. There are becoming more and more things that people can do on Facebook. Like when they talk about photos and how people can see when friends upload new ones. This builds more and more connections between people. On another not privacy is another huge issue on Facebook. Everyone that uses the site knows about the Facebook stalker or has come across someone stalking their page. The only thing is don’t put something up you don’t want the entire world to see simple as that. People can choose what to and what not to put on their page so its up to them to decide what they want people to see. The nice thing now is that we can limit what people and who we want to see our stuff. The evolution of Facebook is becoming a necessity of life. I believe that Facebook is becoming as big as the cell phone. Where do you think Facebook will take us?

Tuesday, November 16, 2010

oh no its FACEBOOK what is Facebook

Finally the time is here this should be the most relevant and interesting book out of all the books we have read. Facebook has always been a great way to connect people as in the case of Morales his group grew really fast. There is becoming more and more of Facebook as a part of life. If you go anywhere more and more people are joining the Facebook community. The Facebook effect is wide and vast. It is starting to affect all sorts of variation between people’s lives. The part were it says Facebook is bringing the world together is a broad statement but it is so true. It gives people so many ways that allows people to talk across the world and share so much information across the internet.
            Only if the creator knew how huge his creation would become but I guess no one truly knows how big their inventions will be accepted and grow. Harvard was the start of a new world a new step to evolution. It is really cool that he took and evolved his ideas from things he liked in life. Like how he took the away messages from AIM to use them in his new creation. Facebook is vastly different from everything else that was out there. It is so much different from MySpace it is not even funny. The purpose of Facebook is also so much different from anything else out there.
            TheFaceBook blew up and kept growing it a huge fashion. When they tried to get investors to invest at first Y2M did not believe that they had so many people using the website so much. I bet that they are killing themselves that they did not invest as soon as possible. Imagine how just the 25 million is chump change compared to the value now. The amount of money they spend as college students is kind of mind staggering. Its so hard to manage everything and make money but I guess that’s why they are at Harvard.
            The internet is a huge empire that everyone wants to get into. This is because just a small piece of the pie is worth so much value. More into the want for Facebook was that so many people were coming to using Facebook. As they said, “This was good and bad”. Of course they want to keep growing so fast but they could not keep up with the amount of people that were using the site. This was so much to take main frames are only designed for a max amount of activity. This is a huge problem and was a huge problem for them. Even now they run into this problem occasionally you will notice that the server will be down or will have some sort of glitch this is because Facebook is constantly changing.
            It is so cool to learn some of the details and steps they took to evolve and create this site we all use. Just think if he never decided to bring the white board out and create the site. He truly changed society in so many ways. Its no even fathomable how he has changed peoples lives. What do you think life would be like if there wasn’t TheFaceBook effect?