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Friend's Social Networking site, Buddy Zoo
D'Angelo LinkedInBuddy ZooBuddy ZooEarly 2000s, a basic social networking site, Buddy Zoo, was created by Adam D'Angelo, the high school best friend of Facebook founder Mark Zuckerburg. The site existed for a few months. D'Angelo later become Chief Technology Officer for Facebook and Vice President, Engineering. He left FB in 2008. -
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Launch of Facebook .. Idea to IPO
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Zuckerberg creates FaceSmash, a takeoff of Hot or Not
Harvard sophomore Zuckerberg wrote FaceSmash, similar to another Harvard site Hot or Not. The site compared 2 Harvard coeds photos and let users vote on them. The site received 20,000 votes within 20 minutes. -
Thefacebook.com launch
Zuckerberg launched new site, Thefacebook.com while still student at Harvard. The site was a social networking site for Harvard and several other nearby Boston colleges. Zuckerberg was taken to court by 3 senior Harvard students for using their idea. Thefacebook site had about 1500 new users within 24 hours. Zuckerberg illegally access ed Harvard newspaper that wrote of lawsuit against him by seniors. Lawsuit later filled successfully by newspaper whose emails illegally accessed. -
First outside investment
The first oustide investment of $500,000 was made to Facebook by PayPal founder Peter Thiel for 7% of company. Now that's a nice return! -
Facebook expansion, international and high school users
Map from Inside Facebook site shows high school user distribution in December 11, 2005. Support for high school users was added in September 2005. -
FB opened to users 13+
Facebook opened up its site to users 13 years or older with valid email addresses. -
Intellectual property lawsuit settled
Intellectual property lawsuit settledLawsuit settled an intellectual property suit with 3 former Harvard students who claim Zuckenberg was supposed to be working on their site, HarvardConnection, while he was really building a competing site with Thefacebook. Article, NY Times. -
FB valued between $3.5 billion and $5.0 billion
Business Week valued Facebook at between $3.5 billion and $5.0 billion. -
FB created new section to identify potential new employees
FB created the new section called Facebook Engineering Puzzles which allows users to solve computational problems. This site created to identify potential new hires for FB. -
Erskine Bowles, new Board Member
FB Board Member announced, Erskine BowlesFacebook anounces its new board member, Erskine Bowles, president emeritus of the 17 campus University of North Carolina. Bowles strong connections to Washington has secured his membership as he is currently co-chairman of President Barack Obama’s bipartisan National Commission on Fiscal Responsibility and Reform. story from PoliticoPro -
FB launches IPO
Facebook IPOFB launched it's much anticipated IPO on it's 8th birthday, February 1, 2012. It has an estimated value of $100 million. Interesting company details were revealed as well, including $500,000 salary of founder Mark Zuckerberg. Image from Mashable Business.
