Facebook is an internet social networking service. Its title comes from a colloquialism for the listing given to American college students. Facebook was founded in February 2004 by Mark Zuckerberg along with his school roommates and fellow Harvard University college students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. The founders had initially restricted the web site’s membership to college students of the University of Harvard, however later expanded it to high schools within the Boston area, the Ivy League, and Stanford University. It step by step added help for college kids at numerous different universities earlier than it opened to excessive-college college students, and ultimately to anybody aged thirteen and over. Facebook now permits anybody who claims to be not less than thirteen years previous to turn into a registered person of the web site.
Users should register earlier than utilizing the location, after which they could create a private profile, add different customers as associates, trade messages, and obtain computerized notifications after they replace their profile. Moreover, customers might be a part of frequent-curiosity person teams, organized by office, college or school, or different traits, and categorize their associates into lists equivalent to “People From Work” or “Close Friends”. As of September 2012, Facebook has over one billion lively customers, of which 8.7% are fake. Facebook (as of 2012) has about a hundred and eighty petabytes of information per yr and grows by over half a petabyte each 24 hours.
In May 2005, Accel partners invested $12.7 million in Facebook, and Jim Breyer added $1 million of his personal cash. A January 2009 Compete.com study ranked Facebook essentially the most used social networking service by worldwide month-to-month lively customers. Entertainment Weekly included the positioning on its finish-of-the-decade “best-of” list, saying, “How on earth did we stalk our exes, bear in mind our co-employees’ birthdays, bug our mates, and play a rousing recreation of Scrabulous before Facebook?” Facebook ultimately filed for an preliminary public providing on February 1, 2012; it’s headquartered in Menlo Park, California. Fb Inc. started promoting inventory to the general public and buying and selling on the NASDAQ on Could 18, 012. Based on its 2012 revenue of US$5.1 billion, Facebook joined the Fortune 500 checklist for the primary time on the listing revealed in May 2013, being positioned at place 462.