Thursday, April 27, 2006

Facebook Goes Beyond College, High School Markets

Facebook, which is rumored to be generating about $1m per week in revenue, is now allowing new users from corporate networks to join their social network (based on email address) in addition to high school and college students. Niall Kennedy was able to register using a microsoft employee email address. I was not able to register using my TechCrunch email - only certain companies are currently supported.

It makes sense for Facebook to continue to look for new markets (and the corporate market is an obvious one). 85% of college students already use it - growth must come from a different group of users if they are going to be able to attract the $2 billion price tag they’ve been asking for.

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