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Facebook Celebrates Turning 12 Today (cnbc.com)

12 years ago today, Mark Zuckerberg launched Facebook, and since then the site has grown at a nearly unbelievable pace. Now, with about 1.6 billion monthly active users, Facebook makes an average of $3.73 in revenue per user worldwide. And as the company continues to grow, engagement is only getting higher. According to an analysis by CNBC, users spend an aggregate of 10.5 billion minutes per day on the social media platform -- that's around $3.5 trillion in squandered productivity, by their estimate. Facebook is celebrating its birthday by marking today "Friends Day" and adding personalized videos to each user's account showing their best moments with friends, or at least what Facebook's algorithms think are the best moments. (Users can opt to share the video or keep it private.) The company's also announced an updated degrees-of-separation metric to make it easier to connect with other users.

9 of 153 comments (clear)

  1. Celebrate? Lets mourn our privacy. by sinij · · Score: 5, Insightful

    Celebrate? Lets mourn our collective privacy. Lets mourn proportionality of outrage. Lets mourn moving on from your mistakes. Lets mourn minding your own business.

    1. Re:Celebrate? Lets mourn our privacy. by sinij · · Score: 3, Insightful

      Facebook gets its content from users. Blame them. This is what the public wants.

      Absolutely not. Users didn't sign up for this, they signed up to stay in touch with their friends. Facebook pulled bait and switch. At no point do they actually explain the implications of what their users are doing.

  2. 12 years of that shit by NotInHere · · Score: 5, Insightful

    when can we get rid of facebook?

  3. Normally, by jenningsthecat · · Score: 5, Insightful

    I'd say "many happy returns". But in this case I'll simply say "sod off, and may you have no more birthdays - ever".

    --
    'The Economy' is a giant Ponzi scheme whose most pitiable suckers are the youngest among us and the yet-unborn.
  4. "lost productivity" claim rather dubious by Bearhouse · · Score: 4, Insightful

    Well, I'm no Facebook fan, (have been "wasting" my time here for years on /. instead.)
    That hasn't stopped me holding down a job and delivering value to my clients over those same years.
    Also, before the interwebs people did crossword puzzles, and other "non productive" stuff.
    Plenty of people find Facebook a useful marketing tool also; my wife breeds and sells cats, and plenty of contacts have come via fb.

  5. Thanks Yaelk! by sims+2 · · Score: 4, Insightful

    Thanks for posting! Timothy was about to drive us all nuts.

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    Minimum threshold fixed. Thanks!
  6. Re:I Celebrate 12 Years Without Facebook by Anonymous Coward · · Score: 1, Insightful

    Aren't you a special little snowflake? We are so proud of you for letting us all know that you don't use Facebook. Let me give you a gold star little Timmy... you are head of the class today!

    Oh, I just wish everyone could be as special as you Timmy. Oh wait, you are ALL special in your own special way.

  7. Before Facebook by Locke2005 · · Score: 5, Insightful

    Remember the days before Facebook, when you had to actually go over to someone's house and hide in the bushes to stalk them?

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    I've abandoned my search for truth; now I'm just looking for some useful delusions.
  8. Lovely, just lovely by erp_consultant · · Score: 5, Insightful

    Zuckerberg becomes one of the richest people in the world by building...the biggest waste of time ever devised.

    Bill Gates is a prick. But at least his company built something - Windows - that makes people productive.
    Andrew Carnegie was a prick. But his companies built railroads that allowed for westward expansion and are still in use today.
    Jay Gould was a prick. But he too built railroads that helped to expand the economy.

    What has Zuck done, exactly? He created a program that is such a time waster that many companies simply block it for fear of their employees surfing cousin Sally's wedding photos on the company dime. Sure, it has helped to reunite some families and I applaud that. And maybe it helped you find that long lost high school chum from 20 years ago. But maybe if you haven't heard from them in 20 years then they don't really give a shit about you? But I digress....

    And the advertising...I mean does anyone really look at those things? If i buy a copy of Car & Driver then I'm really into cars and if I see an ad for car stuff I'm likely to at least read it. But if I'm looking at Sally's wedding photos do I really care about adds for car stuff?

    I know that it makes money for Facebook but the whole thing just seems like a giant house of cards to me.