Facebook

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Facebook’s History and Growth
– Facebook was created in 2004 by Mark Zuckerberg and his college roommates.
– It started as a social networking service for Harvard students and later expanded to other universities.
– In 2006, Facebook opened its registration to everyone aged 13 and older.
– As of December 2022, Facebook claimed to have 3 billion monthly active users.
– Facebook ranked as the 3rd most visited website in the world as of October 2023.
– Facebook’s implied value in 2022 dollars was around $15 billion in 2007.
Microsoft purchased a stake in Facebook in 2007, including rights to place international advertisements.
– In 2008, Facebook launched the Facebook Developer Platform, allowing software developers to create applications.
– By 2008, the number of applications on the platform grew to 33,000, with over 400,000 registered developers.
– In 2009, Russian investors DST and Alisher Usmanov invested $200 million in Facebook.
– Facebook became cash flow positive in September 2009, ahead of schedule.
– In 2010, Facebook’s value was $41 billion, surpassing eBay and becoming the third largest American web company.
– Facebook acquired the domain name fb.com in 2010 for an undisclosed amount.
– In 2011, Facebook reached one trillion page views, becoming the most visited website tracked by DoubleClick.
– Nielsen ranked Facebook as the second-most accessed website in the U.S. in 2011, behind Google.
– In 2011, Facebook had one billion monthly active users, including 600 million mobile users.
– Facebook’s initial public offering (IPO) took place in May 2012, valuing the company at $104 billion.
– The IPO raised $16 billion, the third-largest in U.S. history at the time.
– In October 2012, Facebook reached one billion monthly active users, including 600 million mobile users.
– In January 2013, Facebook introduced Facebook Graph Search, providing users with precise answers.
– Facebook Home, a user-interface layer for Android devices, was unveiled in April 2013.
– Facebook formed an alliance with the National Association of Attorneys General in April 2013 to provide tools for managing social networking profiles.
– In 2013, Facebook celebrated its 10th anniversary.

Facebook’s Features and Services
– Users can create profiles and share text, photos, and multimedia with friends or publicly.
– Facebook users can communicate with each other through Messenger.
– The platform allows users to join common-interest groups.
– Users receive notifications about their friends’ activities and the pages they follow.
– Facebook can be accessed from various devices with internet connectivity.
– Facebook introduced organization pages for companies to promote themselves.
– Facebook won awards such as Top 100 Classic Websites and the Webby Awards’ Peoples Voice Award in 2007 and 2008.
– Facebook joined the Alliance for Affordable Internet (A4AI) to make internet access more affordable in the developing world.
– Facebook released its blueprints of the Surround 360 camera as an open-source project.
– The company won an Emmy for its animated short film, Henry.
– Facebook introduced Workplace, a fee-based communications tool for workplaces.
– The company implemented measures to combat fake news, including fact-checkers and crowdsourcing.

Controversies and Criticisms
– Facebook has faced criticism for issues such as user privacy and political manipulation.
– Controversies have arisen around psychological effects like addiction and low self-esteem.
– The platform has been criticized for facilitating the spread of fake news, conspiracy theories, and hate speech.
– Facebook has been accused of exaggerating its number of users to attract advertisers.
– The company has been involved in legal battles and faced scrutiny over content moderation.
– Facebook updated its policy on hate speech following a campaign by 100 advocacy groups.
– The campaign led to 15 advertisers, including Nissan UK and Nationwide UK, withdrawing from Facebook.
– Initially, Facebook stated that distasteful content does not violate their policies.
– Facebook expanded its work with PR firm Definers Public Affairs to address concerns like Russian meddling and user data mishandling.
– The company faced public outcry and cut ties with the agency in late 2018.
– Posts from Breitbart News, previously affiliated with Cambridge Analytica, were widely shared on Facebook.
– Facebook was charged £500,000 by UK watchdogs for failing to respond to data erasure requests.
– Facebook revised its algorithm to filter out false or misleading content.
– The algorithm was accused of creating a filter bubble and deprioritizing unpopular content.
– Facebook began blocking white nationalist, white supremacist, and white separatist content.
– Several British far-right organizations and associated individuals were banned from Facebook.
– A lawsuit was filed claiming that Facebook created fake accounts to inflate user data.
– Facebook was criticized for its role in vaccine hesitancy and announced plans to provide authoritative information on vaccines.
– The company was condemned for its handling of the Christchurch mosque shootings livestream.

Facebook’s Impact on Market and Economy
– San Mateo County, California became the top wage-earning county in the US due to Facebook.
– The average salary in San Mateo County was $168,000 a year, 107% higher than the previous year.
– Facebook’s market capitalization exceeded $200 billion by September.
– Mobile accounted for 62% of Facebook’s advertising revenue, a 21% increase from the previous year.
– Facebook’s partnership with A4AI included organizations like Google, Intel, and Microsoft.

Partnerships and Affiliations
– Facebook partners with the Atlantic Council through the Digital Forensic Research Lab.
– The company launched smart displays branded Portal and Portal Plus, which support Amazon’s Alexa.
– The devices include a video chat function with Facebook Messenger.
– The Republican Republican Institute and the National Democratic Institute are loosely affiliated with the Republican and Democratic parties.
– Facebook announced a partnership with the University of California, San Francisco to build a non-invasive References:https://en.wikipedia.org/wiki/Facebook

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