Just read that Facebook makes 70% more revenue than it made a year ago, and the CEO, Mark Zuckerberg has a 99% approval rating among his employees. Zuckerberg is a college dropout who started Facebook because he was a nerd and wanted friends, so he stole an idea from some of the other students and created a website that college students could use to hook up/date that still looked friendly to parents and school administrators. Once it took off, he dropped out of college. One reason why Facebook has no competition is that Zuckerberg buys any company he sees as a threat. Not through hostile takeovers, but with his massive cash reserves that are larger than most countries. He once bought a online chat messenger company for $16 Billion. Oh, and Facebook is rolling out changes to the layout in the next couple months that will REDUCE the amount of ads you see, yet make those same ads more cost-effective to advertisers.
Posted on: Tue, 01 Jul 2014 05:09:51 +0000
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