Welcome to Inside Facebook
Welcome to Inside Facebook and thank you for either visiting the blog or subscribing to our feed.
Why am I starting Inside Facebook? It’s simple: over the past 2 years, Facebook has become a staple of college life and a poster child for the reinvention of the social web (aka “web 2.0″).
Not only is Facebook one of the most trafficked sites on the web, but over 85% of U.S. college students have accounts with the service, spending on average a rumored 51 minutes per day on the site. 70% of students log in at least once daily–that’s a major lifestyle commitment! Facebook as a social phenomenon is now ingrained in American college culture.
From a business perspective, Facebook is every web entrepreneur’s dream. Along with MySpace, Facebook has restored credibility to consumer social software as a viable and scalable media business–all with a little PHP, some server guys, and deep knowledge of the college market. The company recently took $25 million from Greylock round after shopping itself for somewhere between $500 million and $2 billion. It’s a good time to be Mark Zuckerberg (Facebook founder and Harvard dropout), Peter Thiel (angel investor and Paypal founder), or Jim Breyer (Accel partner who led the $12 million round last year)!
I hope you find Inside Facebook valuable and enjoyable. I welcome your thoughts and comments in the weeks and months ahead. And, most important, thanks for reading!
- Justin
April 27th, 2006 at 11:12 am
Justin, just how inside are you? That is, what’s Facebook’s monthly revenue? Monthly burn rate?
August 15th, 2006 at 3:29 pm
Well, you’ve made it easier for a whole new generation to stalk each other, become promiscuous at break-neck speed, and make a tidy sum for yourself at the same time. Well done.
May 1st, 2008 at 7:00 am
[...] hard to believe it’s already been two years since Inside Facebook was launched on April 22, 2006! Inside Facebook was the first blog dedicated to tracking Facebook and, one year later, the [...]
November 28th, 2009 at 8:24 am
I think I should wake up and login ti Facebook…
January 2nd, 2010 at 4:50 am
In future facebook will be number 1 marketplace..
April 25th, 2011 at 4:58 pm
[...] out the controversial news feed and launched its official development platform. That was also when Justin Smith decided to found his “Inside Facebook” blog, the first news site dedicated solely to tracking the social web’s most prodigious product and [...]
April 25th, 2011 at 5:31 pm
[...] out the controversial news feed and launched its official development platform. That was also when Justin Smith decided to found his “Inside Facebook” blog, the first news site dedicated solely to tracking the social web’s most prodigious product and [...]