Markets / Private Companies / Facebook
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Facebook is the world's largest social network, with over 500 million users.
Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskowitz and Chris Hughes to help build Facebook, and within four months, Facebook added 30 more college networks.
The original idea for the term Facebook came from Zuckerberg's high school (Phillips Exeter Academy). The Exeter Face Book was passed around to every student as a way for students to get to know their classmates for the following year. It was a physical paper book until Zuckerberg brought it to the internet.view more
|Unattributed||2011 January||USD 1,500,000,000||Goldman Sachs; Digital Sky Technologies||edit|
|Series C||2007 October||USD 240,000,000||Microsoft||edit|
|Series B||2006 April||USD 27,500,000||Greylock Partners; Meritech Capital Partners; The Founders Fund||edit|