The History Of Facebook

Events

Facebook investments

2004

In the summer of 2004, Peter Thiel,Co-Founder of PayPal and Palantir, made a $500,000 investment in Facebook for 10.2% of the company and joined the Facebook board.

The Creation Of Facebook

02/02/2004

Facebook, initially limited to Harvard student, was launched on February 2, 2004 by Mark Zuckerman and his roommates.

Expansion Of Facebook

August, 2005

The network had reached all universities of the United States and became facebook.com after the address was bought for over $200,000.

Expansion of Facebook

10/01/2005

By October 1, 2005, Facebook had expanded from only students of Harvard University to over 21 different universities in the United Kingdom and many more around the world.

Facebook introduces photos

October 1, 2005

Facebook introduces the ability to post photos.

Expansion to Consumers

September, 2006

As of September of 2006, Anyone with a valid email address could access facebook. During that month, the amount of new users reached to 30 million making it the largest social media site with an educational purpose.

Microsoft buying Facebook

October 27, 2007

On October 27, 2007, Microsoft announced that they had bought 1.6% of Facebook for about 240 million, giving Facebook a combined value of over 15 million.

Chat launch

April 6, 2008

Facebook chat was launched so you could talk on Facebook instead of using MSN

100 million users

August 28, 2008

Facebook reaches 100 million users.

Facebook Headquarters

October, 2008

In October of 2008, Facebook had announced that they would be opening their headquarters in Dublin, Ireland.

Facebook

July 21, 2010

Facebook reaches 500 million users.

$50 billion

January 5, 2011

Facebook had an estimated value of $50 billion and 600 million million users.

Facebook app

2012

In 2012, The Facebook app launched for IOS and android.

IPO Shares

February 1, 2012

Facebook applied for an initial public offering (IPO) on February 1, 2012 that would allow them to sell shares of Facebook to institutional investors. Each share was valued at $38, pricing the company at 108 billion.

Facebook Design

January, 2014

By January of 2014, Facebook had undergone many interface and design changes mainly because of angry users who dislike adjusting to a new one.

Facebook app

April 24, 2014

Facebook and Storyful, a blog website, announced a new feature called Facebook Newswire

Facebook Gets Sued

July 11, 2016

Lawyers file a $1 billion lawsuit because it was used to plot an attack that killed four Americans, and wounded one in Israel.