In just six years, Facebook has become one of the most valuable companies in the world. According to a report in the New York Times, The Largest social network is now estimated at $ 50 billion.
Making it at par with global corporations like Walt Disney and Honda. Facebook is the second most visited site in the world and first based on the total time spent on the site. Facebook has become a global phenomenon and a mark of Web 2.0
Facebook has become one of the most popular Web sites soared worldwide. More than 500 million members are active there, the U.S. users get the platform to become more common as the years of number one, Google. Given this shift tremendous reach more and more consumer goods manufacturer with a part of their advertising budgets to Facebook, including Coca-Cola and Adidas.
Also the bargains site Group on another 500 million dollars in capital has been accumulated. The aim of the funding round were $ 950,000,000, the Wall Street Journal said, citing a report from the financial market regulator SEC. The investors are not known. Groupon sells discount vouchers and is also active in Germany. Recently the two-year-old company had rejected a takeover bid from Google in the amount of six billion dollars.
Long-term advertising in online networks was a difficult business;. In part because users do not look there for something specific – such as Google, but want to maintain their contacts. The reservations, however, disappear, at least with Facebook as the largest social network.
Facebook do not publish its sales and profit because it is privately owned. With the new cash injection, the network has received since its inception in February 2004, more than 1.2 billion dollars in capital.