How was Facebook discovered?
Facebook is a global social networking site, founded on February 4, 2004. It is possible to become a member for free. It is owned by Facebook Inc. Users can add friends, send messages and update and exchange their personal information, as well as a user can join city, workplace, school and region-based networks. The website is named after a book provided by the university administration to mark the beginning of the academic year.
Mark Zuckerberg created Facebook in a joint effort of his classmates and computer science students Eduardo Severin, Dustin Moskovitz and Chris Hughes while studying at Harvard University. Membership of the website was initially limited to Harvard University students, but later expanded to other colleges in Boston, the Ivy League, and Stanford University. More later it is open to all universities, colleges, high schools and 13-year-olds or older. The website is currently used by 300 million active members worldwide.
Facebook has faced several obstacles in its path. It is partially effective in several countries, including Syria, China and Iran. Its use has been banned by discouraging employees by explaining time wastage. The Facebook website has had to read the legal complexities several times by Zuckerberg's classmates, who have complained that Facebook has embezzled their source code and other intellectual property.
History
Mark Zuckerberg, during his second year at Harvard, created Facebook's predecessor, FaceMass, on October 26, 2003. In it, he used pictures of students from 9 houses at Harvard. He showed two pictures side by side and asked all Harvard students to vote. Which picture is hot and which is not hot. 'Hot or Not'. That's why Mark Zuckerberg hacked into Harvard's stored data center. In just 4 hours, 450 visitors voted online for 22,000 images on the FaceMass site.
2004: Inspired by FaceMass, Mark began writing the code for his new site in January 2004, and launched Facebook.com in Harvard's dormitory in February. Mark Zuckerberg was soon joined by Dustin Moskowitz (programmer), Chris Hughes and Eduardo Saverin (also business spokesperson) and Andrew McCallum (graphic artist). The office was taken over in Palo Alto in June. The number of users reached 1 million in December.
2005: In August, The Facebook.com was renamed Facebook. The number of users in December is 5.5 million.
2007: Microsoft establishes relationship with Facebook in August for strategic reasons. Facebook has been open to the public since September. Earlier, only employees of different organizations were its users. The number of users in December stood at one crore 20 lakhs.
2007: Virtual Gift Shop opens in February. The number of users reached two crore in April.
2006: After Canada and the United Kingdom, Facebook is used in France and Spain in February. Facebook chat was launched in April. The number of users in August stood at 100 million.
2009: 15 crore users in January. The number of Facebook users in December was 35 crore.
2010: The number was 400 million in February, 50 million in July. And in December this number is 55 crores.
OwnershipAs of 2012, Facebook's ownership is as follows:
✺ Mark Zuckerberg: 26%,
Excel Partners: 10%,
Digital Sky Technologies: 10%,
Dustin Moskovitz: 8%,
Eduardo Saverin: 5%,
ণ Flax Parker: 4%,
Peter Thiel: 3%,
✺ Grelock Partners and Meritech Capital Partners: 1 to 2% each,
: Microsoft: 1.5%,
✺ Li Ka-shing: 0.6%,
Interpublic group: less than 0.5,
Current and former employees and various stars (names not disclosed): each less than 1% and the remaining 30% is owned by various employees and undisclosed stars.
In May 2006, Adam D'Angelo, Facebook's chief technology officer and a friend of Mark Zuckerberg, resigned. Reports surfaced that there was a conflict between them, and he lost interest in partial ownership of the company.
Chief managing staff includes Chris Cox (Vice President), Sheryl Sandberg (Chief Operating Officer), Mark Zuckerberg (Chairman and CEO). As of April 2011, Facebook has about 2,000 employees and offices in 15 countries.
Very informative article about Facebook. Thank you.