Many people say 2010 was Facebook year. Is it true? Let us see how was Facebook in 2010.
$42.37 billion: Facebook’s latest valuation
The implied valuation attributed to shares of Facebook is $42.37 billion on secondary share offering site Sharespost. Facebook’s latest valuation, according to trading on SharesPost Inc., an online marketplace that trades in shares of private companies, is greater than that for Internet giants EBay Inc. or Yahoo Inc.
2 billion Revenue
Bloomberg News reported Facebook possibly will make revenue of about $2 billion for 2010. The amount is more than double its revenue from 2009. Bloomberg News did not name its sources. Facebook’s estimation was of $1.5 billion in revenue. Facebook has been an attractive media for corporations to promote their products.
Time’s person of the year
Facebook founder Mark Zuckerberg is selected Time’s the person of the year in 2010.
The Time says, he got the reorganization for “connecting more than half a billion people and mapping the social relations among them, for creating a new system of exchanging information and for changing how we live our lives”. Zuckerberg is the second youngest person who is named for person of the year. Julian Assange was the most preferable. He was the first in reader’s vote. The Time gave details,
“Facebook has merged with the social fabric of American life, and not just American but human life: nearly half of all Americans have a Facebook account, but 70% of Facebook users live outside the U.S. It’s a permanent fact of our global social reality. We have entered the Facebook age, and Mark Zuckerberg is the man who brought us here.”
Facebook top search term of 2010
The leading global online competitive intelligence service Experience Hitwise says, in 2010 “Facebook” was the top search term among U.S. Internet users. 2.11% of total searches were Facebook. Facebook holds three positions of the list of ten most searches terms. It is a 207% raise from Facebook’s position last year.
Now Facebook has more than 500 million active users. 50% of them log on to Facebook in any given day. Every user has 130 friends on an average. People spend over 700 billion minutes per month on Facebook. More than 200 million active users currently access Facebook through their mobile devices.
Employee’s first choice
Facebook has been first choice of employees according to Glassdoor.com. Facebook beat Southwest Airlines. Mark Zuckerberg was topped only by Apple’s Steve Jobs in ranking the best company CEOs. Competition was neck and neck. Zuckerberg got 96% rating while Jobs got 97%. Survey says, Facebook got 4.6 out of 5, while Southwest got 4.4 points from the employee. Lori Goler, vice president of human resources at Facebook said,
“We’re thrilled to be recognized as the best place to work among the distinguished companies on the list. At Facebook, every person can have a meaningful impact, and people are empowered to move fast, take risks, and build bold and innovative things. We’re thankful people have embraced this freedom to do great things for Facebook and the people who use Facebook around the world.”
Plan of action
Facebook announced its plan to launce Hacker Cup. Tim Stanke, Facebook software engineer wrote in a blog.
“We’re starting the Hacker Cup to bring engineers from around the world together to compete in a multi-round programming competition; Contestants will have to successfully solve algorithmic-based problem statements to advance and are ranked by accuracy and speed.
The champion will be rewarded $5,000, $2,000 to the second and $1,000 to the third place hacker.