10 years old, FB struggles with growing pains

Facebook, with more than 1.3 billion users worldwide, is celebrating its 10th birthday amidst challenges of keeping its original base of young users with new innovative social networks coming to the fore. The company was launched by Mark Zuckerberg on February 4, 2004, from Harvard University. The site was conceived in Harvard dorm as a way to connect students, and let them build an online identity for themselves, ‘Computer World’ reported.

According to the company’s own recent figures, the social networking site has since expanded to cover a large swath of the world, with more than 1.2 billion people using its site on a monthly basis. Mark Zuckerberg, who turns 30 in May, reflected on the 10-year milestone at a conference in Silicon Valley last week. He said hen never envisioned Facebook becoming so large or influential at the start.

Since then, Facebook’s site and its business, now a public company, have changed dramatically, the report said. The company was slow to react to the important mobile market, however, last week it reported that more than half of its ad revenue now comes from mobile devices, the report said. Among the growing challenges is the soaring popularity of smartphone apps that let people share images, videos, thoughts or observations at any moment.

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