Facebook – A Virtual Country
It used to take new technologies on average 15 years to reach market maturity. At their introduction, things like motorcars and telephones were not particularly popular with the general public and many predicted them as just a fad. Even radio and television took years to become commonplace in homes. But during the 1990?s US industry spending on technology exceeded the combined spending on agriculture, industrial, transportation, and all other equipment. Spending on technology in many other countries also grew incredibly fast. One of the results is that the world became a global village, one big facebook. In fact, if Facebook was a country it would be the 3rd largest country in the world. In July 2010, the 500th million person registered a profile on Facebook. Thus, if Facebook was a country it would be the 3rd largest country in the world. Unless you bring QQ into the equation, it has about 600 million registered users.