Facebook is a much bigger deal than you think.  A big wave you say? I call it a “tsunami”.

Facebook  is reported to currently have over 250 million active users and  each user has an average 120 friends. I have heard reports that they will top 300 million users by year end.

Currently, more than 1 billion photos are uploaded every month by its users; this is a key differentiator for them over other social networking sites.  Yes, that is more than 12 billion photos per year—how can that be?

Unfortunately, most users don’t know the risk of entering too much personal information. Once it gets out on Facebook, it is out there for full view unless you maintain privacy protocols. Must people don’t bother.

Rumors are that Facebook is preparing to launch premium services for a fee….just think if they charged a penny a photo? Or, if they had a membership fee?

Talk about a financial tsunami!

John Bradley Jackson

Director

Center for Entrepreneurship

California State University, Fullerton