![]() Two days later, the Wall Street Journal reported that Facebook Inc. On January 25th, 2011, Bloomberg reported that Facebook halted trading of its shares in secondary markets for three days, which analysts read as a possible indicator that the company is gearing up for the much-anticipated IPO process. ![]() web-based company after Google and Amazon. In November 2010, online marketplace SecondMarket reported that Facebook's value was estimated at $41 billion, surpassing that of eBays as the third largest U.S. Facebook IPOĮven before Facebook announced its revenue profit for the first time in September 2009, rumors about Facebook's initial public offering (IPO) had been circulating both online and in the news media for years. On September 26th, 2006, Facebook officially opened up registration for anyone older than age of 13 with a valid e-mail address. In September 2005, the site significantly expanded its userbase after opening up registration for high school networks. In 2005, the company dropped "The" from its name after purchasing the domain for $200,000. In June 2004, Facebook moved its base of operations to Palo Alto, California. ![]() Incorporationįacebook incorporated in the summer of 2004 and appointed Internet entrepreneur Sean Parker, who founded the music sharing website Napster and had been informally advising Zuckerberg, as the company's president. In July of 2004, the Guardian reported that more than half the undergraduate population at Harvard registered on the service within the first month of launch. On February 4th, 2004, Zuckerberg launched "Thefacebook" as a social networking site specifically for Harvard University students. To accomplish this project, Zuckerberg compiled photographs from the online profiles of student houses and even reportedly hacked into the secure areas of Harvard's computer network and copied the houses' private dormitory ID images. According to the Harvard Crimson, the site represented a Harvard University version of Hot or Not, an image rating site where visitors can rate user-submitted photos based on their level of attractiveness, by presenting photographs of two students side-by-side and ask the viewer to choose the "hotter" person. The early prototype of Facebook was initially called "Facemash" and it was launched on October 28th, 2003. ![]() Mark Zuckerberg founded Facebook while he was enrolled at Harvard University with college roommates and fellow computer science students Eduardo Saverin, Dustin Moskovitz and Chris Hughes. By October 2012, the site had reached over 1 billion users. The name of the website stems from the colloquial name for books that are distributed to students by university administrations at the start of each academic year with the intention of helping students identify each other. There was “ smoking brisket and ribs,” and even Jesse Eisenberg’s portrayal of Zuckerberg getting handed a note in The Social Network made the rounds.Website, participatory, facebook, social network, crowdsourcing, sites of 2012, film adaptation, sns, social networking site, chris hughes, eduardo saverin, dustin moskovitz, facemashĮncyclopedia Dramatica Facebook Reddit Twitter Urban Dictionary Wikipedia Aboutįacebook is a social networking website where people from around the world can add friends, exchange messages, join groups with common interests and share photographs or videos. There was the “ Zuckerberg is a lizard person” era. There have been a lot of Facebook and Zuckerberg memes through the years. But the most attention came from the toughest critics in the world-those on social media. And they’re certainly not ready to forget the ongoing Facebook Papers document leak from whistleblower Frances Haugen, which accuses Facebook-or now, Meta-of sowing societal dissent and continuously putting profits over user safety.Ī key metaverse architect was little impressed with the big repositioning. The name change in Facebook’s parent company was unveiled by Mark Zuckerberg at the company’s annual Connect conference on Thursday afternoon after an hour-plus presentation highlighting Meta’s efforts to build out a VR-enabled “metaverse.” The Facebook name “just doesn’t encompass everything we do,” Zuckerberg explained in announcing the Meta move.ĭespite the hype, tech observers and Facebook hawks aren’t so taken with the name change.
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