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Its popularity has led to prominent media coverage for the company, including significant scrutiny over privacy and the psychological effects it has on users.
" and according to its data, half of the site's membership used Facebook daily, for an average of 34 minutes, while 150 million users accessed the site by mobile.
A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.
These started as group pages, but a new concept called company pages was planned.
On October 24, 2007, 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.
Facebook is an American online social media and social networking service company based in Menlo Park, California.
The Facebook website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates, Eduardo Saverin, Andrew Mc Collum, Dustin Moskovitz, and Chris Hughes.Additionally, users can complain about or block unpleasant people.Facebook has more than 2 billion monthly active users as of June 2017.Users can add other users as "friends", exchange messages, post status updates, share photos, videos and links, use various software applications ("apps"), and receive notifications of activity.Additionally, users may join common-interest user groups organized by workplace, school, hobbies or other topics, and categorize their friends into lists such as "People From Work" or "Close Friends".The founders had initially limited the website's membership to Harvard students; however, later they expanded it to higher education institutions in the Boston area, the Ivy League schools, and Stanford University.Facebook gradually added support for students at various other universities, and eventually to high school students as well.On April 15, 2013, Facebook announced an alliance across 19 states with the National Association of Attorneys General, to provide teenagers and parents with information on tools to manage social networking profiles.Following a campaign by 100 advocacy groups, Facebook agreed to update its policy on hate speech.On April 3, 2013, Facebook unveiled Facebook Home, a user-interface layer for Android devices offering greater integration with the site.HTC announced the HTC First, a smartphone with Home pre-loaded.