Facebook, the world’s largest social network as of today, was founded in 2004 by a computer programmer, Mark Zuckerberg. It was founded alongside his friends – Eduardo Saverin, Dustin Moskovitz, and Chris Hughes.
They were all students of Harvard University. In 2012, Facebook became the world’s largest social media network. This was possible with over one billion users on the platform. One-half of the number using the network every day.
Since its advent in 2004, access to Facebook has always been free, and the company earns most of its income from advertisements on the website.
Facebook 2004
The history of Facebook on how it started was a little complicated, as Zuckerberg launched the network initially as “The Facebook”. The name was taken from the sheets of paper that were distributed to freshmen, profiling students and staff.
Within 24 hours of its creation, over 1200 students have signed up, and after one month, over half the population of the university had a Facebook profile. The network originally became facebook.com in 2005 after the address was purchased for $200,000.
In September 2006, the network that started as out as an educational platform for students of Harvard University was extended to anyone who has a registered email address.
First 8 features of Facebook since its Launch in 2004
Over the years, Facebook has grown exponentially, with more features to enhance user experience on the network. There are some features, however, that have been there from the beginning.
These features are pretty basic, but these were the fundamental features upon which other great improvements that we have on Facebook came to be. These features are the following below:
- User accounts (real names are required here, but were initially restricted to @harvard.edu email address).
- Friends and friend requests.
- User profile, with just one photo for each user,
- Invitations (no forms of contact importer here, you had to enter the email of whoever you want to invite individually).
- Ability to use metadata like gender, birthday, phone number, favorite books, music, “about me”, courses.
- Search by name, class, year, courses, and other metadata.
- A feature that was used to visualize a friend’s graph, which didn’t stay for too long.
- Privacy restrictions limit who could see your profiles.
Facebook has now become a very powerful tool for businesses to reach out to a wider audience, political movements, relationships, and many other activities where a lot of people make a living today.
Facebook, today, has a market cap and net worth of $527 billion, while owner, Mark Zuckerberg, has a net worth of over $100 billion dollars, making him the third cent billionaire of our generation after Amazon’s Jeff Bezos and Tesla’s Elon Musk.
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