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Mark Zuckerberg launched Thefacebook, a social network for Harvard University students. Eventually, Thefacebook became just Facebook, as we now know it.
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In March of 2004, Stanford, Colombia, and Yale were added to the Facebook network.
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During the summer of 2004, Facebook was incorporated. Also, Sean Parker became the company president. Additionally, Facebook's home base was moved to Palo Alto, California.
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In 2005, the company dropped "The" from The Facebook after purchasing the domain name facebook.com for $200,000.
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In September of 2005, Facebook developed a high-school version of the social network. The high school network was much different than the university version because an invitiation was required to join. Later in 2005, Facebook opened its membership up to many companies and businesses.
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On September 26, 2005, Facebook opened its membership to everyone age 13 and older who held a vaild email address.
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On October 24, 2007, Facebook sold a 1.6% share of the company to Microsoft for $240 million. With this sale, Facebook's total worth was around $15 billion. Microsoft's purchase allowed the company to put international ads on Facebook.
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Facebook reaches 100 million users with a monthly growth of 178.38%.
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Dublin, Ireland become the first international headquarters for Facebook.
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Facebook has 200 million users with a 13.33% monthly growth
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For the first time, Facebook was actually making money in September 2009.
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Facebook reaches 300 million users with 9.38% monthly growth
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Facebook reaches 400 million users with a 6.99% monthly increase
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Facebook reaches 500 million users and has a 4.52% monthly growth
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"In November 2010, based on SecondMarket Inc., an exhange for shares of privately held companies, Facebook's value was $41 billion (slight surpassing eBay's) and it became the third largest U.S. Web company after Google and Amazon."
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Facebook announced its intentions to move its headquarters to Menlo Park, California. They plan to use the former Sun Microsystems campus.
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Facebook reaches 800 million users and still has a 3.73% increase each month.
