I have heard people question how Facebook can support 500 million accounts and remain free to users. Some people have even held the absurd notion that Facebook will charge users one day.

Funding Facebook is something that most users don’t give a lot of thought to, as they connect and have fun with their friends. Most people will easily overlook the huge volume of advertisement dollars Facebook generates from their ads. Advertising is a common business model of most of the popular Internet (REF: Google, YouTube, Facebook, and etcetera), and it works extremely well. It is how Facebook makes money, and those advertisements facilitate Facebook’s bloated $50 Billion valuation in January 2011.

Facebook recently made a big move with their latest profile updates, but it seems that a lot of people are slow to accept the change. Without a doubt, Facebook’s new profile design includes some pretty significant changes which will impact businesses. The impact can be very positive, but only for people who are paying attention.

Many people are reluctant to adopt the new Facebook profile, but what they often do not realize is what each of the people who did make the change see when they look at a profile. Whether you have updated yours or not, users of the new profile design will see your profile in a way that you, or your company may regret.

I wrote about changes and things to be aware of in a previous article titled “Facebook Profile Changes: Updates to Make Before Switching!“ with cautions of what users should know. Yes, some people listened, especially about the tagged images displayed at the top of the profile, but there is an even more profound matter at hand for businesses.

When you think about your social media marketing efforts, it may be easy to consume yourself with all of the facts, figures, demographics, psychographics, website visitors, and how getting it all just right will help your business to succeed. I have written what feels like a squillion words about reaching the right people, being useful, gathering data, dissecting the data to measure your marketing efforts, and other fine things.

Something that I find a lot of people underestimate is the value of being liked. I do not mean “liked” in the sense of somebody clicking “Like” on Facebook, either. I mean, actually being likable and not just because you are offering your awesome stuff at spectacular prices with free shipping. I mean giving people reasons to hold you or your brand in high regard.

Each and every one of us has a level of trust among our friends. Even the worst people you will ever meet have the benefits of clout. Even if it is only their mother, there is somebody who holds them in high regard and cares about their opinion. The most common reason is that they are liked.

When I first saw the new Facebook profile design, the first thought was “Why are they killing us with all the pictures?!” I do not just mean the row of the latest photos you have been tagged in, but photos everywhere. Now there is a long list of photos of friends that stretch far down the left side of the page.

It goes way beyond photos, too. Now all of that stuff you wanted near the top of the page where people are more likely to see it, such as websites, and the little box with your brief message … They are gone! Mine had a nice compilation of my blog addresses and Facebook pages, and my message said “Driving fast is not dangerous … it is the slowing down that can kill you. Drive like death is chasing you and it will all be fine!” Now that stuff is buried under the “Info” link somewhere.

There surely must be some tension between the social media giants, Twitter and Facebook. After all, social media is a fiercely competitive and also very profitable industry. Once in a while, there is a blaring case of irony to make us laugh.

Irony: “… situation in which there is a sharp incongruity or discordance that goes beyond the simple and evident intention of words or actions.” (source: Wikipedia)

Maybe you will not find this as amusing as I do. After all, I laugh at a lot of absurdities that I discover online. Social media is fantastic for a laugh, and I may never get the pictures of people with back-boobs and front-butts out of my head. Yes, that’s right, I said back boobs and front butts. See for yourself at your local Wal Mart store, or follow the humorous links I provided.