business is something

to follow. Facebook claims to have over 2.3 billion monthly active users as of December 2018 [9] and it was the world's most downloaded mobile app of the 2010s [10].

Facebook has been the subject of numerous controversies, often related to user privacy (as in the Cambridge Analytica data scandal), political manipulation (as in the 2016 US election), psychological effects such as addiction and low self-esteem, and content. such as fake news, conspiracy theories, copyright infringement and hate speech. [11] Commentators have accused Facebook of volunteering. In May 2006, Facebook hired its first intern, Julie Zhuo. A month later, Zhuo was hired as a full-time engineer. [39] On September 26, 2006, Facebook opened to anyone with a valid email address. [40] [41] [42] By the end of 2007, Facebook had 100,000 pages on which companies were promoting themselves. [43] The organization's pages began rolling out in May 2009. [44] On October 24, 2007, Microsoft announced that it had acquired a 1.6% stake in Facebook for $ 240 million, bringing Facebook's total estimated value to about $ 15 billion. Microsoft's purchase included international advertising rights. [45] [46]

In May 2007, at the first f8 developer conference, Facebook announced the launch of the Facebook Developer Platform, which provides software developers with a framework for building applications that interact with core Facebook functions. By the second annual conference of developers f8 on July 23, 2008, the number of applications on the platform had grown to 33,000, and the number of registered developers exceeded 400,000 [47].

In October 2008, Facebook announced that its international headquarters would be located in Dublin, Ireland. [48] ​​In September 2009, Facebook reported that it had achieved positive cash flow for the first time. [49] A Compete.com study in January 2009 ranked Facebook as the most used social network among monthly active users worldwide. [50]

In July 2010, the company announced 500 million users [51]. Half of the site's members used Facebook daily for an average of 34 minutes, while 150 million users visited the site on mobile devices. A company spokesman called the event a "quiet revolution." [52] In November 2010, according to SecondMarket Inc. (exchange for shares of private companies), Facebook was worth $ 41 billion. The company overtook eBay slightly to become the third largest US web company after Google and Amazon.com [53] [54].

On November 15, 2010,buy Facebook announced it had acquired the fb.com domain name from the American Federation of Farmers' Bureaux for an undisclosed amount. On January 11, 2011, the Farm Bureau disclosed $ 8.5 million in "domain sales", making the FB.com acquisition one of the ten highest domain sales in history. [55]

In February 2011, Facebook announced plans to move its headquarters to the former Sun Microsystems campus in Menlo Park, California. [56] [57] In March 2011, it was reported that Facebook removed approximately 20,000 profiles daily for violations such as spam, graphic content and minors, as part of its cybersecurity efforts. [58] Statistics showed that Facebook reached one trillion page views in June 2011, making it the most visited website tracked by DoubleClick. [59] [60] In 2011, according to a Nielsen study, Facebook became the second most visited website in the United States after Google. [61] [62]

China blocked Facebook in 2009. [63] Further information: Facebook's initial public offering.

In March 2012, Facebook announced the App Center, a store for applications that run through the website. The store was supposed to be available on iPhones, Android devices and mobile Internet users. [64]

Thomson Reuters billboard welcomes Facebook to NASDAQ, May 2012

Facebook's initial public offering took place on May 17, 2012 at a price of $ 38. The company was valued at $ 104 billion, the largest estimate to date. [65] [66] [67] The IPO raised $ 16 billion, the third largest in US history, after Visa Inc. in 2008 and AT&T Wireless in 2000. [68] [69] With revenue of $ 5 billion in 2012, Facebook first entered the Fortune 500 in May 2013, ranking 462nd. [70] The stock set a first day record for IPO trading volume (460 million shares). [71] The IPO sparked controversy given the immediate price cuts that followed [72] [73] [74] [75] and became the subject of lawsuits [76] while the SEC and FINRA began investigations. [77]

In early October 2012, Zuckerberg announced that Facebook had one billion active users.