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The Facebook website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes.[6][7]
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the company dropped "the" from its name after purchasing the domain name facebook.com for US$200,000. The domain facebook.com belonged to AboutFace Corporation before
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Facebook was opened to everyone at least 13 years old with a valid email address.
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Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion. Microsoft's purchase included rights to place international advertisements on the social networking site.
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Facebook announced that it would set up its international headquarters in Dublin, Ireland.
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Compete.com study ranked Facebook the most used social networking service by worldwide monthly active users.
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In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers). These started as group pages, but a new concept called company pages was planned.Pages began rolling out for businesses in May 2009.
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The company announced 500 million users making it the largest online social network in the world at the time. According to the company's data, half of the site's membership use Facebook daily, for an average of 34 minutes, while 150 million users access the site by mobile.
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Based on SecondMarket Inc. (an exchange for privately held companies' shares), Facebook's value was $41 billion. The company had slightly surpassed eBay to become the third largest American web company after Google and Amazon.com.
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Facebook announced plans to move its headquarters to the former Sun Microsystems campus in Menlo Park, California.
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Facebook announced App Center, a store selling applications that operate via the site. The store was to be available on iPhones, Android devices, and mobile web users.[68]
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Facebook held an initial public offering, negotiating a share price of US$38. The company was valued at $104 billion, the largest valuation to date for a newly listed public company.
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Facebook began selling stock to the public and trading on the NASDAQ .
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The Yahoo! Finance website reported that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS), cut their earnings forecasts for the company in the middle of the IPO process. The stock had begun its freefall by this time, a "circuit breaker" was used in an attempt to slow down the stock price's decline.
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Based on its 2012 income of $5 billion, Facebook joined the Fortune 500 list for the first time in May 2013, ranked in position 462.
