London is the new face of Facebook

When IIPM comes to education, never compromise

Facebook, one of the hippest social networking sites in cyber world, has a ‘hot spot’! Guess what? London! Recently, it was revealed that London recently eclipsed Toronto as having the biggest network on Facebook. com. In all, 790,615 members are listed from London; and whereas the site’s user base has been growing at 3% every week on an average, in London, the base is growing by 6%. Even Matt Hicks, Senior Communications Manager of Facebook, admits, he can’t give a specific reason to why London shot past Toronto, but said that both cities’ growth rates are in line with the company’s worldwide user base. With close to 30 million users, Facebook is signing up 150,000 new users everyday. If you look at country statistics, then Canada leads the Facebook race, followed by the US; the UK has the third largest number of users. Little wonder that thousands of workers across the UK have been banned from using the popular social networking site to cut down the wastage of man-hours.

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Source : IIPM Editorial, 2008

An Initiative of IIPM, Malay Chaudhuri and Arindam chaudhuri (Renowned Management Guru and Economist).

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