Dustin Moskovitz co-founded the social networking website Facebook along with Mark Zuckerberg and Chris Hughes.
Three roommates—Zuckerberg, Chris Hughes, and Moskovitz—along with Eduardo Saverin founded Facebook in their Harvard University dorm room in February 2004, originally as thefacebook.com as an online directory of all Harvard's students and the website was built to help residential students identify members of other residences. In June 2004, Zuckerberg and Moskovitz took a year off from Harvard and moved Facebook's base of operations to Palo Alto, California, joining Sean Parker, founder of Napster, in his apartment and hiring eight other employees in the process. While at Facebook, Moskovitz was a Vice President, led the technical staff, and worked on the company's internal tools and strategy.
Popular Applications on Facebook
One of the most popular applications on Facebook is the Photos application, where users can upload albums and photos. Facebook allows users to upload an unlimited number of photos, compared with other image hosting services such as Photobucket and Flickr, which apply limits to the number of photos that a user is allowed to upload. However, users are limited to 60 photos per album. Privacy settings can be set for individual albums, limiting the groups of users that can see an album. For example, the privacy of an album can be set so that only the user's friends can see the album, while the privacy of another album can be set so that all Facebook users can see it. Another feature of the Photos applications is the ability to "tag", or label users in a photo. For instance, if a photo contains a user's friend, then the user can tag the friend in the photo. This sends a notification to the friend that they have been tagged, and provides them a link to see the photo.
Facebook Notes was introduced on August 22, 2006, a blogging feature that allowed tags and embeddable images. Users were later able to import blogs from Xanga, LiveJournal, Blogger, and other blogging services.[18] During the week of April 7, 2008, Facebook released a Comet-based instant messaging application called "Chat" to several networks, which allows users to communicate with friends and is similar in functionality to desktop-based instant messengers.
Facebook Notes was introduced on August 22, 2006, a blogging feature that allowed tags and embeddable images. Users were later able to import blogs from Xanga, LiveJournal, Blogger, and other blogging services.[18] During the week of April 7, 2008, Facebook released a Comet-based instant messaging application called "Chat" to several networks, which allows users to communicate with friends and is similar in functionality to desktop-based instant messengers.
Facebook Film
Sony Pictures, and The West Wing creator Aaron Sorkin, have confirmed they are in the process of developing a movie "about the founders of social networking site Facebook." Sorkin has set up his own account on the site, stating, "I honestly don't know how this works, which is why I'm here." The film so far, is untitled, and will be produced by Scott Rudin. According to the Telegraph, the film is expected to focus on Zuckerberg, and 2,500 Facebook users have joined the movies group associated with Sorkin's film, suggesting "plot pointers, offering to help or even asking for a role in the film." Sony was quick to refute suggestions that the film is a hoax (especially after musings that it might be a fake Sorkin account of which there are a number already), with Steve Elzer saying, "We are developing the film that has been reported". However, a spokesperson for Facebook said that, "We are routinely approached by writers and filmmakers interested in telling the Facebook story... At this point, we have not agreed to cooperate with any film project, but we are flattered by the interest."
Website
Facebook users can choose to join one or more networks, organized by city, workplace, school, and region. These networks help users connect with members of the same network. Users can also connect with friends, giving them access to their friends' profiles.
The website is free to users, but generates revenue from advertising, including banner ads. Users can create profiles including photos and lists of personal interests, exchange private or public messages, and join groups of friends. The viewing of detailed profile data is restricted to users from the same network or confirmed friends only when the appropriate Privacy settings have been altered. Without altering the Privacy settings a Facebook profile is viewable by anybody on Facebook.
Microsoft is Facebook's exclusive partner for serving banner advertising, and as such Facebook only serves advertisements that exist in Microsoft's advertisement inventory. According to comScore, an internet marketing research company, Facebook collects as much data from its visitors as Google and Microsoft but considerably less than Yahoo! when compared with other web companies.
The website is free to users, but generates revenue from advertising, including banner ads. Users can create profiles including photos and lists of personal interests, exchange private or public messages, and join groups of friends. The viewing of detailed profile data is restricted to users from the same network or confirmed friends only when the appropriate Privacy settings have been altered. Without altering the Privacy settings a Facebook profile is viewable by anybody on Facebook.
Microsoft is Facebook's exclusive partner for serving banner advertising, and as such Facebook only serves advertisements that exist in Microsoft's advertisement inventory. According to comScore, an internet marketing research company, Facebook collects as much data from its visitors as Google and Microsoft but considerably less than Yahoo! when compared with other web companies.
Facebook Investment
Facebook received its first investment of US$500,000 in June 2004 from PayPal co-founder Peter Thiel. This was followed a year later by $12.7 million in venture capital from Accel Partners, and then $27.5 million more from Greylock Partners. A cash flow statement was leaked, showing that during the 2005 fiscal year, Facebook had a net loss of $3.63 million. Microsoft approached Facebook in September 2007, proposing an investment in return for a 5% stake in the company. Microsoft would pay an estimated $300–500 million for the share. Microsoft announced on October 24, 2007 that it purchased a 1.6% share of Facebook for $246 million. On November 30, 2007, Hong Kong billionaire Li Ka-shing invested $60 million in Facebook.
BusinessWeek reported on March 28, 2006 that a potential acquisition of the website was under negotiation. Facebook reportedly declined an offer of $750 million from an unknown bidder, and it was rumored the asking price rose as high as $2 billion. With the sale of social networking website MySpace to News Corp on July 19, 2005, rumors surfaced about the possible sale of Facebook to a larger media company. Zuckerberg had already said he did not want to sell the company and denied rumors to the contrary. In late September, serious talks between Facebook and Yahoo! took place concerning acquisition of the social network, with prices reaching as high as $1 billion. Thiel, by then a board member of Facebook, indicated that Facebook's internal valuation was around $8 billion based on their projected revenues of $1 billion by 2015, comparable to Viacom's MTV brand, a company with a shared target demographic audience. Other companies, including Google, expressed interest in September 2007 to buy a portion of Facebook. Amid the rumors, Zuckerberg claimed that selling Facebook was unlikely because he wanted to keep it independent, stating on July 17, 2007, "We're not really looking to sell the company. We're not looking to IPO anytime soon. It's just not the core focus of the company."
BusinessWeek reported on March 28, 2006 that a potential acquisition of the website was under negotiation. Facebook reportedly declined an offer of $750 million from an unknown bidder, and it was rumored the asking price rose as high as $2 billion. With the sale of social networking website MySpace to News Corp on July 19, 2005, rumors surfaced about the possible sale of Facebook to a larger media company. Zuckerberg had already said he did not want to sell the company and denied rumors to the contrary. In late September, serious talks between Facebook and Yahoo! took place concerning acquisition of the social network, with prices reaching as high as $1 billion. Thiel, by then a board member of Facebook, indicated that Facebook's internal valuation was around $8 billion based on their projected revenues of $1 billion by 2015, comparable to Viacom's MTV brand, a company with a shared target demographic audience. Other companies, including Google, expressed interest in September 2007 to buy a portion of Facebook. Amid the rumors, Zuckerberg claimed that selling Facebook was unlikely because he wanted to keep it independent, stating on July 17, 2007, "We're not really looking to sell the company. We're not looking to IPO anytime soon. It's just not the core focus of the company."
Founder of Facebook
Mark Zuckerberg founded "The Facebook", originally located at thefacebook.com, in February 2004 while attending Harvard University as a sophomore. The company dropped The from its name after purchasing the domain name facebook.com in 2005 for $200,000. Membership was initially restricted to students of Harvard College, and within the first month, more than half the undergraduate population at Harvard were registered on the service. Dustin Moskovitz and Chris Hughes soon joined Zuckerberg to help promote the website. In March 2004, Facebook expanded to Stanford, Columbia, and Yale. This expansion continued when it opened to all Ivy League schools and gradually most universities in Canada and the United States. In June, Facebook moved its base of operations to Palo Alto, California.
Facebook launched a high school version in September 2005; Zuckerberg called it the next logical step. High school networks required an invitation to join. Facebook later expanded membership eligibility to employees of several companies including Apple Inc. and Microsoft. Facebook was then opened to everyone with a valid e-mail address, aside from people under the age of 13, on September 26, 2006.
BusinessWeek has confirmed that Facebook, beginning this fall, will allow its employees to sell stock at no more than a $3.75 billion valuation.
Facebook launched a high school version in September 2005; Zuckerberg called it the next logical step. High school networks required an invitation to join. Facebook later expanded membership eligibility to employees of several companies including Apple Inc. and Microsoft. Facebook was then opened to everyone with a valid e-mail address, aside from people under the age of 13, on September 26, 2006.
BusinessWeek has confirmed that Facebook, beginning this fall, will allow its employees to sell stock at no more than a $3.75 billion valuation.
Facebook is a social networking website launched on February 4, 2004. The free-access website is privately owned and operated by Facebook, Inc. Users can join networks organized by city, workplace, school, and region to connect and interact with other people. People can also add friends and send them messages, and update their personal profile to notify friends about themselves. The website's name refers to the paper facebooks depicting members of a campus community that some American colleges and preparatory schools give to incoming students, faculty, and staff as a way to get to know other people on campus.
Mark Zuckerberg founded Facebook while still a student at Harvard University. Website membership was initially limited to Harvard students, but was expanded to other colleges in the Ivy League. It later expanded further to include any university student, then high school students, and, finally, to anyone aged 13 and over. The website currently has more than 90 million active users worldwide.
Facebook has met with some controversy over the past few years. It has been blocked intermittently in several countries including Syria and Iran. It has also been banned at many places of work to increase productivity. Privacy has also been an issue, and it has been compromised several times. It is also facing several lawsuits from a number of Zuckerberg's former classmates, who claim that Facebook had stolen their source code and other intellectual property.
Mark Zuckerberg founded Facebook while still a student at Harvard University. Website membership was initially limited to Harvard students, but was expanded to other colleges in the Ivy League. It later expanded further to include any university student, then high school students, and, finally, to anyone aged 13 and over. The website currently has more than 90 million active users worldwide.
Facebook has met with some controversy over the past few years. It has been blocked intermittently in several countries including Syria and Iran. It has also been banned at many places of work to increase productivity. Privacy has also been an issue, and it has been compromised several times. It is also facing several lawsuits from a number of Zuckerberg's former classmates, who claim that Facebook had stolen their source code and other intellectual property.
Privacy Policy
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If users have any questions or suggestions regarding our privacy policy, please contact us at: e[dot]richest[dot]man[at]gmail[dot]com
Log Files
Like most standard Web site servers we use log files. This includes internet protocol (IP) addresses, browser type, internet service provider (ISP), referring/exit pages, platform type, date/time stamp, and number of clicks to analyze trends, administer the site, track user’s movement in the aggregate, and gather broad demographic information for aggregate use. IP addresses, etc. are not linked to personally identifiable information.
Cookies
A cookie is a piece of data stored on the user’s computer tied to information about the user. Our site don’t use cookies. However, Some of our business partners use cookies on our site (for example, advertisers). However, we have no access to or control over these cookies, once we have given permission for them to set cookies for advertising. If you wish to disable cookies, you may do so through your individual browser options.
Links
This Web site contains links to other sites. Please be aware that we are not responsible for the privacy practices of such other sites. We encourage our users to be aware when they leave our site and to read the privacy statements of each and every Web site that collects personally identifiable information. This privacy statement applies solely to information collected by this Web site.
Advertisers
We use outside ad companies to display ads on this site. These ads may contain cookies and/or web beacons to collect data in the ad serving process and are collected by our ad companies, and we do not have access to this information. We work with the ad companies: Google Adsense. Google, as a third party vendor, uses cookies to serve ads on this site. Google's use of the DART cookie enables it to serve ads to our users based on their visit to this site and other sites on the Internet. Users may opt out of the use of the DART cookie by visiting the Google ad and content network privacy policy. Please check their websites for respective privacy policies.
Contact Information
If users have any questions or suggestions regarding our privacy policy, please contact us at: e[dot]richest[dot]man[at]gmail[dot]com
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