The concept of the social network has shown immense growth since its inception, and has emerged as a key resource for communication and interaction in contemporary society. Facebook stands as the single biggest social network, and recently revealed that it now boasts over 500 million users worldwide, providing an ever improving computer interface accessible in hundreds of countries.
It was recently revealed that private investors have sunk $500,000 into Facebook in 2010, which has elevated the corporations market value beyond the staggering level of $50 billion. This rate of investment and corporate growth have made the brand currently more valuable than the Times Warner Group, Yahoo and the popular Internet trading site EBay. Given the nature of the site and its purpose, this level of global and financial expansion is quite remarkable.
The Present and the Future for Facebook
As a social networking entity, Facebook continues to expand and develop unabated. It continues to gain new investors with ease, while also being able to source and capture alternative and smaller social networking resources. In 2010, statistics even suggested that the site had surpassed as Google as the most frequented web resource, which is another remarkable feat given the multipurpose structure of Google and the range of business and personal services that it offers to the consumer.