Everyone knows of this social networking site that literally took over our lives leaving behind myspace, bebo, friendster and other social networking sites.
Considering the success of the company, it would be interesting to know how everything started. Facebook began as the pet project for a group of Harvard students, today it calls Palo Alto,Calif., home (facebook also owns an office in New York). It exceeds 350 employees, and the benefits package sounds pretty sweet. It includes:
- An IBM Thinkpad or Apple MacBook Pro — employee’s choice
- Medical, dental and vision health plans with no premiums
- Four weeks vacation and eight company holidays
- Free catered breakfast, lunch and dinner every day
- Dry cleaning and laundry services
With the increasing popularity facebook continues to grow day by day. The company claims that it has more than 57 million active members — users who have logged onto Facebook over the last 30 day period — on the site. Since January 2007, the average number of new registrations per day is 250,000. The company says that the number of users doubles every six months. Members from the United States account for most of Facebook’s population, followed by members in Canada and the United Kingdom.
Since June 2007, when Facebook first allowed third-party developers to create applications, developers have debuted more than 7,000 programs on the Facebook platform. Every day, new developers introduce around 100 applications to the site. Facebook revealed that more than 80 percent of all members have made use of at least one third-party application.
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Mark Zuckerburg, founder of Facebook, explains the concept of Facebook’s social network. The site has grown from Zuckerburg’s vision of connecting the Harvard campus to connecting users across the Internet.
Because it is so popular and heavily trafficked, Facebook requires massive amounts of storage space, both in a digital and physical sense. According to one Facebook employee, the company relies on around 200 memcached servers for production (day-to-day operation of the site) and a few more for developmental purposes. “Memcached” stands for memory caching, a method of temporarily storing data. A memcached server temporarily stores information in the server’s memory, reducing the need to search a database for information. This decreases the amount of time it takes between a request for information and the delivery of that data.
Facebook also made use of custom servers for back-end operations and a monitoring system to keep track of all the servers. Servers take up space, so Facebook leases facilities from vendors for server storage. In 2007, Facebook signed an agreement with DuPont Fabros Technology (DFT) to lease 10,000 square feet of space in an Ashburn, Va., storage center.
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So how does Facebook make enough money to cover its expenses? It generates part of its revenue by selling web advertising space, but the most of its funding comes from private investors. According to Facebook, it has received at least $40 million in funds since it started in 2004.
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