HRM 587 Assignment # 2

HRM 587 Assignment # 2

  • Submitted By: nilos123
  • Date Submitted: 05/29/2014 10:09 AM
  • Category: Business
  • Words: 1661
  • Page: 7



Facebook is an online social networking service. Its name comes from a colloquialism for the directory given to students at some American universities. Facebook was founded in February 2004 by Mark Zuckerberg with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. The founders had initially limited the website's membership to Harvard students, but later expanded it to colleges in the Boston area, the Ivy League, and Stanford University. It gradually added support for students at various other universities before it opened to high-school students, and eventually to anyone aged 13 and over. Facebook now allows anyone who claims to be at least 13 years old to become a registered user of the website. In May 2005, Accel partners invested $12.7 million in Facebook, and Jim Breyer. added $1 million of his own money. A January 2009 study ranked Facebook the most used social networking service by worldwide monthly active users. Facebook Inc. began selling stock to the public and trading on the NASDAQ on May 18, 2012. Based on its 2012 income of US$5.1 billion, Facebook joined the Fortune 500 list for the first time on the list published in May 2013, being placed at position 462.
Twitter is an online social networking and microblogging service that enables users to send and read "tweets", which are text messages limited to 140 characters. Registered users can read and post tweets, but unregistered users can only read them. Users access Twitter through the website interface, SMS, or mobile device app. Twitter Inc. is based in San Francisco and has offices in New York City, Boston, San Antonio and Detroit. Twitter was created in March 2006 by Jack Dorsey, Evan Williams, Biz Stone and Noah Glass and by July 2006, the site was launched. The service rapidly gained worldwide popularity, with 500 million...

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