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That the students could create their profiles for their audience (other students on their campus), and for their audience only created trust in the site. It also created behavior that made the site viral - students were incentivized to create profiles for each other, rather than for the world at large.
Socioeconomic motives. People commonly cite the fact that Facebook was started at Harvard as a factor in its success - that these ivy league students proved tastemakers for the rest of the country. Sure, this may have been a slight motive very early in the rollout process, but I do not believe it is a critical factor...
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