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(an exchange for privately held companies' shares), Facebook's value was billion.
The company had slightly surpassed e Bay to become the third largest American web company after Google and
Facebook has more than 2.2 billion monthly active users as of January 2018.
Its popularity has led to prominent media coverage for the company, including significant scrutiny over privacy and the psychological effects it has on users.
Facebook is an American online social media and social networking service company based in Menlo Park, California.
Entertainment Weekly included the site on its end-of-the-decade "best-of" list saying, "How on earth did we stalk our exes, remember our co-workers' birthdays, bug our friends, and play a rousing game of Scrabulous before Facebook?
The name comes from the face book directories often given to American university students.
Facebook held its initial public offering (IPO) in February 2012, and began selling stock to the public three months later, reaching an original peak market capitalization of 4 billion, a new record.
I can do it better than they can, and I can do it in a week." In January 2004, Zuckerberg began writing code for a new website, known as "The Facebook", with the inspiration coming from an editorial in the Crimson about Facemash, stating that "It is clear that the technology needed to create a centralized Website is readily available ...
the benefits are many." Six days after the site launched, Harvard seniors Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra accused Zuckerberg of intentionally misleading them into believing that he would help them build a social network called Harvard
These started as group pages, but a new concept called company pages was planned.