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Launching of Facebook
The online social networking service is headquartered in Menlo Park, California. Its website was launched by Mark Zuckerberg with his Harvard College roommates and fellow students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. -
A publicly acceptible page
Facebook was opened to everyone at least 13 years old with a valid email address. -
Expansion and a step forward
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. -
Facebook Inc. began selling stock to the public and trading on the NASDAQ.
Based on its 2012 income of $5 billion, Facebook joined the Fortune 500 list for the first time. -
Stricter regulations
Facebook's algorithm is programmed to filter out false or misleading content, such as fake news stories and hoaxes, and will be supported by users who select the option to flag a story as "purposefully fake or deceitful news. -
Higer than higher
Facebook became the fastest company in the Standard & Poor's 500 Index to reach a market cap of $250 billion. Following its Q3 earnings call in 2015, Facebook's market cap soared past $300 billion.
