Everyone knows facebook is the 2nd biggest social networking site. And it’s about to take the number 1 spot in anytime. What most people don’t know is that Facebook started as a project by two students to be private inside their school. After they saw the growing success in their school, they decided to open it to other universities and colleges. In about a year Facebook grew to be one of the top social networking sites specialized for students. Today it is open to High School’s, businesses and anyone else. Because everyone wants a piece of the market and make some money. The creators of Facebook decided to make it “open” so any programmer can add their piece to the application. And that’s how the applications started happening. With Graffiti, Super Wall, Super Poke and other dumb applications out there, developers get a piece of this market. Some made some pretty good money out of it. All of this came to mind because of the CNN article called The Facebook economy. It’s a great article that teaches you a lot of the business aspect of these websites.

Yasser