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.
Facebook, initially limited to Harvard student, was launched on February 2, 2004 by Mark Zuckerman and his roommates.
The network had reached all universities of the United States and became facebook.com after the address was bought for over $200,000.
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 the ability to post photos.
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.
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.
Facebook chat was launched so you could talk on Facebook instead of using MSN
Facebook reaches 100 million users.
In October of 2008, Facebook had announced that they would be opening their headquarters in Dublin, Ireland.
Facebook reaches 500 million users.
Facebook had an estimated value of $50 billion and 600 million million users.
In 2012, The Facebook app launched for IOS and android.
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.
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 and Storyful, a blog website, announced a new feature called Facebook Newswire
Lawyers file a $1 billion lawsuit because it was used to plot an attack that killed four Americans, and wounded one in Israel.