Posts Tagged ‘web company’

Facebook surpasses eBay and Amazon

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Facebook, after surpassing Google for the most visited website in US, has now become the second largest web company with an estimated valuation of about USD 100 billion, which is greater than eBay or Amazon. Now, the Facebook is placed just after Google. Last year, Facebook surpassed ebay and now in 2011, it surpassed Amazon and continue to grow at a very fast pace. Though, Facebook is not yet public, but based on private-market transactions, Facebook has an estimated value of USD 100 billion.

Within hours of this news, Facebook founder Mark Zuckerberg announced the great news. Last year, when it surpassed eBay, Mark Zuckerberg introduced an improved messaging platform to provide users an application that envelopes e-mail, instant messages, Facebook messages and SMS in a single thread. If a user is conversing over Facebook chat, and later switches over to a mobile device, the conversation stays in the same place, except it is being sent through SMS. So, this year we have to see what new is in store for the users.

Is Facebook trying to overtake Google or at least Gmail by launching the latest email service? Well, with the pace facebook is going it may take just couple of years to overtake Google and become the largest web company.

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