By MIKE SELVON
It is one thing to create a website that allows a group of college students to interact with each other. It is an entirely different thing when that network goes global. Mark Zuckerberg knew a good thing when he developed it. His networking site Facebook quickly took the world by storm.
It allowed people from across the globe to connect and be part of a growing social network. It allowed people to find friends and share stories about their daily lives. It is also about money. Investing news stories are continuously being published about this networking giant.
Investing news stories are always making the headlines. The Facebook empire made its first headlines when Peter Thiel, co-founder of PayPal, invested $500,000 into the fledgling enterprise. Would this be the starting point for a top 10 business?
Many business experts conjectured that Facebook would join forces with a larger company to help back its financial needs. They were a bit mistaken.
Facebook makes its money, which allows it to remain a free website, through the use of advertising services. Each time a person clicks on one of the banner ads and makes a purchase, the company receives a portion of the profits. But there is a problem with that.
With revenue dependent upon you clicking a banner ad, it can begin to suffer if people do not buy through their advertising services. This is most likely why Facebook had a $3.63 million dollar net loss in 2005. It was spending more to host the website and provide services than it was bringing in.
Enter in the merger and acquisition talks with giants Yahoo, Google and other companies. These huge companies tried to enter into negotiations with Facebook and a bidding war was even started at one time. Zuckerberg issued a statement in 2007 that essentially said that Facebook would not be sold to someone else.
Was this the right thing to do? If you compare Facebook’s membership to MySpace’s membership, then you are left with the impression that it is no where near as successful. MySpace has more than double the members and is still a growing entity.
So what will happen with Facebook when its daily advertising is eclipsed by its spending? No one is certain of anything yet but with the huge net loss it suffered in 2005 it still remains to be seen if Facebook will be able to continue to compete with MySpace.
There might actually be a day in the future when it must charge membership fees. However, for now that is only a hypothesis set out by business experts. Facebook today is still free of charge and open to people everywhere.
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Small Farms On Fire But Not Gone
By Aydan Corkern
In some parts of our country, you can still find small family run farms because if you really think about it, these small farms are like a fire that has not been put out yet. Every year, we lose some of these farms because of the death of the main farmer and the kids not wanting to take over, or they just can’t compete with the bigger farms in the area and quit.
I think that if we had been able to keep some of these smaller farms around, we might not have had so many people out of work because they would have had their own jobs. They would have been the bosses, and they wouldn’t be worrying about how they would be feeding their families because of the economic crisis with so many people losing their jobs.
We should have really thought ahead with how our country is going right now and the state that it’s in and tried to keep these small farms and even these smaller businesses going instead of letting all of these big companies take over because now they are falling. Even with all of the small farms not needing to hire people, these people might not have been in the job market in the first place. We have let the big companies take over this world of ours without really knowing what would happen to us in the future and now we are finding out the hard way.
As I said before, our small farms are getting fewer but not gone. You will be able to find them if you really want to look. Some of them won’t plant fields of crops anymore or have large herd of cattle or pigs. Some will just have a lot of land to let people ride around on with their horses that the farmers will let you keep in their barns. These farms will let you keep your animal to stay in their barns, but of course you will have to either feed this animal yourself or pay this farmer the cost of this feed and of course the lodging of this horse.
Some of these farms will have been in this family for years and some of them are now being sold off in sections, which is a terrible thing to have happen because that means that a part of our history is dying and will never be able to live again.
Aydan Corkern is a writer of many topics, visit some of her sites, like
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