In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers).
These started as group pages, but a new concept called company pages was planned.
the benefits are many." Six days after the site launched, Harvard seniors Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra accused Zuckerberg of intentionally misleading them into believing that he would help them build a social network called Harvard
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On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion.
Microsoft's purchase included rights to place international advertisements on the social networking site.
Entertainment Weekly included the site on its end-of-the-decade "best-of" list saying, "How on earth did we stalk our exes, remember our co-workers' birthdays, bug our friends, and play a rousing game of Scrabulous before Facebook?
" and according to its data, half of the site's membership used Facebook daily, for an average of 34 minutes, while 150 million users accessed the site by mobile.
A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.
(an exchange for privately held companies' shares), Facebook's value was billion.
The company had slightly surpassed e Bay to become the third largest American web company after Google and
In March 2011, it was reported that Facebook was removing approximately 20,000 profiles every day for violations such as spam, graphic content, and underage use, as part of its efforts to boost cyber security. Finance website reported that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS), cut their earnings forecasts for the company in the middle of the IPO process.
Its popularity has led to prominent media coverage for the company, including significant scrutiny over privacy and the psychological effects it has on users.