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Facebook is an online social networking service. Its name stems from the colloquial name for the book given to students at the start of the academic year by some American university administrations to help students get to know each other.

It gradually added support for students at various other universities before opening to high school students, and eventually to anyone aged 13 and over. Facebook now allows any users who declare themselves to be at least 13 years old to become registered users of the site.

Global no.1 business data platform

Users must register before using the site, after which they may create a personal profile, add other users as friends, exchange messages, and receive automatic notifications when they update their profile. As of SeptemberFacebook has over one billion active users, of which 8.

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According to a May Consumer Reports survey, there are 7. Facebook as of has about petabytes of data a year and grows by over half a petabyte every 24 hours.

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A January Compete. Facebook Inc. Based on its income of USD 5. Mark Zuckerberg wrote Facemash, the predecessor to Facebook, on October 28,while attending Harvard as a sophomore. Facemash attracted visitors and 22, photo-views in its first four hours online.

History of facebook

The site was quickly forwarded to several campus group list-servers, but was shut down a few days later by the Harvard administration. Zuckerberg faced expulsion and was charged by the administration with breach of security, violating copyrights, and violating individual privacy. Ultimately, the charges were dropped. Zuckerberg expanded on this initial project that semester by creating a social study tool ahead of an art history final, by ing Augustan images to a website, with one image per along with a comment section.

File:facebook f logo ().svg

He opened the site up to his classmates, and people started sharing their notes. The following semester, Zuckerberg began writing code for a new website in January He was inspired, he said, by an editorial in The Harvard Crimson about the Facemash incident.

Six days after the site launched, three Harvard seniors, Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra, accused Zuckerberg of intentionally misleading them into believing he would help them build a social network called HarvardConnection. The three complained to the Harvard Crimson, and the newspaper began an investigation.

The three later filed a lawsuit against Zuckerberg, subsequently settling. The agreed settlement was for 1. Membership was initially restricted to students of Harvard College, and within the first month, more than half the undergraduate population at Harvard was registered on the service.

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It received its first investment later that month from PayPal co-founder Peter Thiel. The company dropped The from its name after purchasing the domain name facebook.

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Facebook launched a high-school version in Septemberwhich Zuckerberg called the next logical step. At that time, high-school networks required an invitation to. Facebook later expanded membership eligibility to employees of several companies, including Apple Inc. Facebook was then opened on September 26,to everyone of age 13 and older with a valid address. Late inFacebook hadbusiness s, allowing companies to attract potential customers and tell about themselves.

These started as group s, but a new concept called company s was planned.

On October 24,Microsoft announced that it had purchased a 1. In OctoberFacebook announced that it would set up its international headquarters in Dublin, Ireland. In SeptemberFacebook said that it had turned cash-flow positive for the first time. In Novemberbased on SecondMarket Inc. Web company after Google and Amazon.

Traffic to Facebook increased steadily after More people visited Facebook than Google for the week ending March 13, In Marchit was reported that Facebook removes approximately 20, profiles from the site every day for various infractions, including spam, inappropriate content and underage use, as part of its efforts to boost cyber security. In earlyFacebook announced plans to move to its new headquarters, the former Sun Microsystems campus in Menlo Park, California.

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Release of statistics by DoubleClick showed that Facebook reached one trillion views in the month of Junemaking it the most visited website of those tracked by DoubleClick. In MarchFacebook announced App Center, an online mobile store which sells applications that connect to Facebook.

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The store will be available to iPhone, Android and mobile web users. Facebook, Inc. You are commenting using your WordPress.

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