Facebook is a social networking service launched on February 4, FaceMashFacebook's predecessor, opened in Developed by Mark Zuckerberghe wrote the software for the Facemash website when he was in his second year of college. The website was set up as a type of "hot or not" game for Harvard students. The website allowed visitors to compare two female student pictures side-by-side and let them decide who was hot or not.
While writing the software, Mark Zuckerberg wrote the following blog entries: I'm a little intoxicated, not gonna lie. The Kirkland dormitory facebook is open on my desktop and some of these people have pretty horrendiedous facebook pics.
I almost want to put some of these faces next to pictures of some farm animals and have people vote on which is more attractive.
I'm not exactly sure how the farm animals are going to fit into this whole thing you can't really ever be sure with farm animals According to The Harvard CrimsonFacemash used "photos Hot or not dating site wiki from the online facebooks of nine Housesplacing two next to each other at a time and asking users to choose the "hotter" person".
The site was quickly forwarded to several campus group list-servers, but was shut down a few days later by the Harvard administration. Zuckerberg faced expulsion and was charged by the administration with breach of security, violating copyrights Hot or not dating site wiki, and violating individual privacy.
Ultimately, the charges were dropped. He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes. A " face book " is a student directory featuring photos and basic information. I think it's kind of silly that it would take the University a couple of years to get around to it.
I can do it better than they can, and I can do it in a week. Zuckerberg also stated his intention to create a universal website that can connect people around the university. According to his roommate, Dustin Moskovitz"When Mark finished the site, he told a couple of friends Within twenty-four hours, we had somewhere between twelve hundred and fifteen hundred registrants. Just six days after the launch of the site, three Harvard University seniors, Cameron WinklevossTyler Winklevossand Divya Narendraaccused Zuckerberg of intentionally misleading them into believing that he would help them build a social network called HarvardConnection.
Zuckerberg knew about the investigation so he used TheFacebook. He examined a history of failed logins to see if any of the Crimson members have ever entered an incorrect password into TheFacebook. In the cases in which they had failed to log in, Mark tried to use them to access the Crimson members' Harvard email accounts, and he was successful in accessing two of them.
In the end, three Crimson members filed a lawsuit against Zuckerberg which Hot or not dating site wiki later settled. Membership "Hot or not dating site wiki" initially restricted to students of Harvard University.
Within the first month, more than half the undergraduate population at Harvard was registered on the service. It gradually reached most universities in the United States and Canada.
By DecemberFacebook had 6 million users. On October 1,Facebook expanded to twenty-one universities in the United Kingdom and others around the world. Facebook launched a high school version in Septemberwhich Zuckerberg called the next logical step. Facebook was then opened on September 26, to everyone aged 13 and older with a valid e-mail address. Late inFacebook hadbusiness pages, allowing companies to attract potential customers and tell about themselves.
These started as group pages, but a new concept called company pages was planned. In OctoberFacebook Hot or not dating site wiki that it would set up its international headquarters in DublinIreland. InFacebook began to invite users to become beta testers after passing a question-and-answer-based selection process,  and a set of Facebook Engineering Puzzles where users would solve computational problems which gave them an opportunity to be hired by Facebook.
As of FebruaryFacebook had become the largest online photo host, being cited by Facebook application and online photo aggregator Pixable as expecting to have billion by summer On March 12,Yahoo filed suit in a U.
In its court filing, Yahoo said that Facebook had infringed on ten of its patents covering advertising, privacy controls and social networking. Yahoo had threatened to sue Facebook a month before the filing, insisting that the social network license its patents.
A spokesperson for Facebook issued a statement saying "We're disappointed that Yahoo, a long-time business partner of Facebook and a company that has substantially benefited from its association with Facebook, has decided to resort to litigation". The store initially had Facebook apps which were mostly games. Facebook was initially incorporated as a Florida LLC. For the first few months after its launch in Februarythe costs for the website operations for thefacebook.
The website also ran a few advertisements to meet its operating costs. This was the first outside investment in Facebook.
In his book The Facebook EffectKirkpatrick outlines the story of how Thiel came to make his investment: Former Napster and Plaxo employee Sean Parkerwho at the time had assumed the title of "President" of Facebook, was seeking investors for Facebook. Hoffman liked Facebook but declined to be the lead investor because of the potential for conflict of interest with his duties as Hot or not dating site wiki CEO.
Thiel met Parker and Mark Zuckerbergthe
Hot or not dating site wiki college student who had founded Facebook and controlled it. Hoffman and Mark Pincus also participated in the round, along with Maurice Werdegar who led the investment on behalf of Western Technology Investment. The investment was originally in the form of a convertible noteto be converted to equity if Facebook reached 1.
Although Facebook narrowly missed the target, Thiel allowed the loan to be converted to equity anyway. I was comfortable with them pursuing their original vision. And it was a very reasonable valuation. I thought it was going to be a pretty safe investment.