Facebook is an American online social media and social networking service based in Menlo Park, California. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Facebook claimed that it had 2.80 billion monthly active users as of December 2020, and it was the most downloaded mobile app of the 2010s globally.
About Facebook in brief
Facebook is an American online social media and social networking service based in Menlo Park, California, and a flagship service of the namesake company Facebook, Inc. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Facebook can be accessed from devices with Internet connectivity, such as personal computers, tablets and smartphones. Facebook has been the subject of numerous controversies, often involving user privacy, political manipulation, mass surveillance, psychological effects such as addiction and low self-esteem, and content such as fake news, conspiracy theories, copyright infringement, and hate speech. Facebook claimed that it had 2.80 billion monthly active users as of December 2020, and it was the most downloaded mobile app of the 2010s globally. As of January 21, 2021, Alexa Internet ranks Facebook seventh in global internet usage. The name comes from the face book directories often given to American university students. The founders of Facebook initially limited membership to Harvard students. Membership was expanded to Columbia, Stanford, and Yale before being expanded to the rest of the Ivy League, MIT, and higher education institutions in the Boston area, then various other universities, and lastly high school students. Since 2006, anyone who claims to be at least 13 years old has been allowed to become a registered user of Facebook, though this may vary depending on local laws. Users can also use various embedded apps, join common-interest groups, buy and sell items or services on Marketplace, and receive notifications of their Facebook friends’ activities and activities of Facebook pages they follow.
In mid-2004, Napster co-founder and entrepreneur Sean Parker—an informal advisor to Zuckerberg—became president of the company. In June 2004, Zuckerberg joined the company to help manage the growth of the website. In March 2004, Facebook became available to all Ivy League colleges, Stanford and Yale, New York University, Boston University, and New York State University. In April 2004, it then becameavailable to all colleges and universities in the U.S. and Canada, including MIT, Harvard, Yale, Columbia, and MIT. In August 2004, the company was acquired by Facebook founder Mark Zuckerberg for $1.2 billion. The company was later sold for $2 billion in 2008 for 1 million shares. The site was initially restricted to students of Harvard College. Within a month, more than half of the undergraduates had registered to join Facebook. In 2008, the site was available to students from all other universities and colleges in the United States and Canada. In 2010, the service was made available to high-school students and high-tech workers. In 2012, Facebook launched a mobile app that allows users to post photos, videos, and other content to their Facebook profiles. The app is free to download for iOS and Android devices and is available for free on the Google Play store. It is also available for Windows, Mac, and iPad.