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Facebook gets its first big investors, through Venture capitalist Peter Thiel who sees promise I the company and invest $500,000. Sean Parker, the founder of Napster, becomes Facebook president.
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Cameron & Tyler Winklevoss claim Zuckerberg stole the idea from them and sue the company. The lawsuit is later dropped in August of 2011.
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Facebook is founded by Harvard classmates, Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz & Chris Hughes. At the time, known as The Facebook.
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Facebook reaches 9 million users.
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Facebook rejects an offer from media giant Viacom to buy the site for $75 million.
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Facebook rejects $1 billion from giants Yahoo!
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Microsoft buys a small percentile of Facebook shares, increasing its value to $15 billion.
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Facebook reaches 1 million users.
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Facebook overtakes Myspace to become cyberspaces largest social network.
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Game company, Zynga make there social games available on Facebook. These include favourites such as Farmville, Mafia wars & Café World.
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Facebook introduces, the infamous like button.
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Facebook reinvents its social networking structure, by introducing the controversial timeline feature which documents user's experiences as a streamline of networking events.
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Facebook announces it will consider desirable public offerings.
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Facebook shares go on the stock market. The company is valued at $114 billion, eight times its initial worth when investors approached the social networking craze.
