Facebook was founded by Mark Zuckerberg a keen computer programmer while studying psychology subject at Harvard University at the age of 19 years. He is a keen programmer who at that time already developed many social-networking sites for his/her fellow friends and other students. Facebook was basically launched for educational purpose.
His other social networking sites include Facemash and Couresmatch, these sites did not get fame as Facebook at that time gets. In course mash users discuss their degrees and their study related talent with each other and Facemash allows its users to rate each other’s attractiveness
Mark Zuckerberg launched “The Facebook” in Feb 2004, this name was taken from the sheets of paper distributed to freshmen, and were signed up by the students and staff of university.1,200Harvard students and staff had signed up within a day, and after one month, over half of the undergraduate population had a signed up for “The Facebook”.
In August 2005″The Facebook” becomes Facebook.com after the purchase of its address for $200,000, the network of Facebook was sharply and promptly extended first to other Boston Universities and colleges and to such a heights that eventually all the US Universities students get to sign up for that and contribute in making it a well-known brand one of the most expensive of that time. It didn’t finish up here after that All the High schools of US signed up from September 2005, then Facebook starts its journey to worldwide and in the following month reached United Kingdom universities and schools.
Facebook enters to its improving and enhancing time afterward and in September 2006, the Facebook network was extended beyond the educational sectors to everyone having an email address.
Facebook remains free for its users to join, and register, and it only gets income over the advertising revenue. Moreover, the top brand of that time Yahoo and Google expressed their interest to buy it, and the whispered amount discussed it is around $2bn (£975m) but, Mark Zuckerberg clearly refused to sell his trending site.
Development of site’s features continued during the year 2007 and Users can now give facility of free Posting classified advertisements and also can give gifts to their friends and even they have an opportunity to build their own applications like 8 pool ball and Scrabble.
In the recent time, it was announced by the company that a milestone of 30 Million users had reached which makes Facebook the world’s largest Social Networking site along with the education scenario.
Among its 30 Million users Facebook is registered and used by the top high profile and famous personalities which include the radio DjJO Wiley, the actor Orlando Bloom, the artist Tracey
Emin and Jimmy Wales the founder of Wikipedia, In the recent time a there were rumors that the princess of UK Prince William also registered himself on Facebook but later it was revealed to be a fake and story.
In the year September 2004 a legal case was filled by the Divya Narendra, and the brothers Cameron and Tyler Winklevoss against Facebook blaming Mark Zuckerberg of copying their coding and ideas from the social-networking site “ConnectU”. Before the creation of Facebook Mark Zuckerberg worked as a computer programmer for them when they were all at Harvard.
Due to technicality issues, the case filled was dismissed without any ruling in March 2007.