Tuesday, 13 September 2011

Facebook’s online social network has become recognized as a leader and it is one of the most popular web properties worldwide. It has established numerous partnerships with other companies and implemented various applications to enhance its services. In 2011 it truly became a competitive threat to Google and is not yet showing any signs of slowing growth. The various initiatives appear to be paying off for Facebook, as it doubled its revenue in the first half of 2011 to reach $1.6 billion, up from $800 million a year earlier.