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Facebook will generate $500 million in revenue in 2009

Facebook will generate $500 million in revenue in 2009, says Netscape founder Marc Andreessen, who serves on the social networking site's board. With its growing base of 225 million users, Facebook has publicly suggested that its primary focus will be on expanding its community as opposed to figuring out the most ideal models for revenue generation. Andreessen also says he believes that Facebook has the potential to generate billions of dollars in revenue in coming years.
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On February 4th, 2004 Mark Zuckerberg launched The Facebook, a social network that was at the time exclusively for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskowitz and Chris Hughes to help build Facebook, and within four months, Facebook added 30 more college networks. The original idea for the term Facebook came from Zuckerberg’s high school (Phillips Exeter Academy). The Exeter Face Book was passed around to every student as a way for students to get to know their classmates for the following year. It was a physical paper book until Zuckerberg brought it to the internet. With this success, Zuckerberg, Moskowitz and Hughes moved out to Palo Alto for the summer and rented a sublet. A few weeks later, Zuckerberg ran into the former cofounder of Napster , Sean Parker . Parker soon moved in to Zuckerberg’s apartment and they began work...
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