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universal website that can contact people around the
university. According to his roommate, Dustin Moskovitz, "When Mark
finished the site, he told a couple of friends ... then one of them suggested
putting it on the Kirkland House online mailing list, which was ... three
hundred people." Moskovitz continued to said that, “By the end of the
night, we were ... actively watching the registration process. Within
twenty-four hours, we had somewhere between twelve hundred and fifteen hundred
registrants.
Membership was initially restricted to students of Harvard
University. Within the first month, more than half the undergraduate population
at Harvard was registered on the service.. It gradually reached most
universities in Canada and the United States. Facebook was incorporated in the
summer of 2004, and the entrepreneur Sean Parker, who had been informally
advising Zuckerberg, became the company's president. In June 2004, Facebook
moved its base of operations to Palo Alto, California. The company dropped ‘The’
from its name after purchasing the domain name facebook.com in 2005 for
$200,000.On October 1, 2005, Facebook expanded to twenty-one universities in
the United Kingdom, the entire Instituto Tecnologico y de Estudios Superiores
de Monterrey(ITESM) system in Mexico (around thirty campuses throughout the
country at the time).
On December 11, 2005, universities in Australia and New
Zealand were added to the Facebook network, bringing its size to 2,000+
colleges and 25,000 + high schools throughout the United States, Canada,
Mexico, the United Kingdom, Australia, New Zealand, and Ireland. Facebook was
then opened on September 26, 2006 to everyone ages 13 and older with a valid
e-mail address. In October 2008, Facebook announced that it would set up its international
headquarters in Dublin, Ireland.
As of February 2011, Facebook had become the largest online
photo host, being cited by Facebook application and online photo aggregator
Pixable as expecting to have 100 billion photos by summer 2011. As of October
2011, over 350 million users accessed Facebook through their mobile phones,
accounting for 33% of all Facebook traffic.
On March 12, 2012, Yahoo! filed suit in a U.S. federal court
against Facebook weeks before the scheduled Facebook initial public offering.
In its court filing, Yahoo said that Facebook had infringed on ten of its
patents covering advertising, privacy controls and social networking. Yahoo had
threatened to sue Facebook a month before the filing, insisting that the social
network license its patents. A spokesperson for Facebook issued a statement
saying "We're disappointed that Yahoo, a longtime business partner of
Facebook and a company that has substantially benefited from its association
with Facebook, has decided to resort to litigation". The lawsuit claims
that Yahoo's patents cover basic social networking ideas such as customizing
website users' experiences to their needs, adding that the patents cover ways
of targeting ads to individual users.
(Sources)
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