Facebook College Market

May 8th, 2007 Posted in Facebook News

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Facebook is approximately the 7th most popular website in the United States, and over 85% of all college students in the U.S. use it, many of them on a daily basis. Facebook has also started to move towards Canada, other countries and high schools.

The massive amounts of traffic Facebook generates is drawing a lot of attention, especially from advertisers. The ears of big business perk up when they think they can get a captive audience of almost every college student in the United States. Needless to say, Facebook will quickly experience growing pains without some help. They have raised multiple rounds of investor money as document on TechCrunch.

Facebook still isn’t cash flow positive yet, but it looks like they may be one of the few social networking sites that will pull it off with their innovative uses of advertising methods and Flyers. Facebook is currently funded by Peter Thiel as an angel investor, Accel Partners and Greylock Partners ($25 million). Despite all the money they’re taking in, Facebook is still running an extremely lean operation, with the company currently consisting of less than 40 employees.

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