Facebook was launched in February of this year by a Harvard sophomore known as Mark Zuckerberg. At the time, it was known as TheFacebook.
Facebook get its first big investors as Venture capitalist Peter Thiel sees promise in the new company and invests $500,000 in Facebook. Sean Parker, the founder of Napster, becomes Facebook's president.
Cameron and Tyler Winklevoss claim Zuckerberg stole the idea for Facebook from them and sue the company.
- Purchased facebook.com domain for $200k and dropped “the”. - Facebook rebuffs an offer from media giant Viacom to buy the site for $75 million.
- Yahoo offers to buy Facebook for $1 billion, Facebook rejects the offer.
- Microsoft buys a 1.4 percent stake in the company, valuing Facebook at $15 billion.
- Facebook reaches 100 million active users.
- Facebook overtakes Myspace to become the Internet's largest social network.
- ‘The Social Network’, a movie about Facebook is released. - Facebook roles out the popular Like button, which users utilize to denote content they appreciate.
- Facebook introduces Timeline, a controversial feature that revamps user's profiles into a streamline of events of their documented experiences on the social network.
- Facebook reaches 900 million active users.
- The biggest social media platform on earth right now. What’s next?