The Evolution of Facebook

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Information about The Evolution of Facebook

Published on March 3, 2014

Author: pcx1256



The Evolution of Facebook

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Instagram- The Evolution of facebook • January 2004: Mark Zuckerberg begins writing Facebook. • February 4, 2004: Zuckerberg launches Facebook. • March 2004: Facebook expands to MIT, Boston University, Boston College, Northeastern University, Stanford University, Dartmouth College, Columbia University, and Yale University. • April 13, 2004: Zuckerberg, Dustin Moskovitz, and Eduardo Saverin form LLC, a partnership • June 2004: Facebook receives its first investment from Peter Thiel for US$500,000. • June 2004: Facebook incorporates into a new company, and Sean Parker (early employee of Napster) becomes its president. • June 2004: Facebook moves its base of operations to Palo Alto, California. • August 2004: To compete with growing campus-only service i2hub, Zuckerberg launches Wirehog. It is a precursor to Facebook Platform applications. • September 2004: ConnectU files a lawsuit against Zuckerberg and other Facebook founders. • December 30, 2004: Facebook achieves its one millionth registered usera • Early 2005: Added international school networks and added photos • May 26, 2005: Accel Partners invests $13 million into Facebook. • July 19, 2005: News Corp acquires MySpace, spurring rumors about the possible sale of Facebook to a larger media company. • August 23, 2005: Facebook acquires domain for $200,000. • September 2005: Added high school networks. • 2006: A leaked cash flow statement shows that Facebook had a net loss of $3.63 million for the 2005 fiscal year. • March 28, 2006: A potential acquisition of Facebook is reportedly under negotiations, for $750 million first, then later $2 billion. • September 2006: Facebook discusses with Yahoo! about the latter possibly acquiring the former, for $1 billion. • September 2006: Facebook launches a high school version of the website. • September 26, 2006: Facebook is open to everyone aged 13 and over, and with a valid email address. • September 2006, Facebook launched News Feed as well as user profiles contained mini-feeds which displayed user activity. • 2007 seemed not to be a huge year for profile redesign, users began to interact more with each other’s profiles and the possibility of giving friends with Facebook Gifts were added up. very minor changes to the designs were made • June 2008: Facebook settles both lawsuits, ConnectU vs Facebook, Mark Zuckerberg et al. and intellectual property theft, Wayne Chang et al. over The Winklevoss Chang Group’s Social Butterfly project. The settlement effectively had Facebook acquiring ConnectU for $20 million in cash and over $1.2 million in shares, valued at $45 million based on $15 billion company valuation. • August 2008: Employees reportedly privately sell their shares to venture capital firms, at a company valuation of between $3.75 billion to $5 billion. • October 2008: Facebook sets up its international headquarters in Dublin, Ireland. • 2008 was the era when apps started on Facebook, Which are still successfully running. Users were able to add application tabs to their profiles (e.g. Bumper Stickers). Facebook also introduced the Publisher tool bar, which allowed a user to publish a status update, photo or link to his profile. • New year, new change. In 2009 came the fan pages – A new kind of user profile, Users could “become a fan” of a Page (until 2010, when they could “like” a page) to see that individual’s or business’ updates in their news feed. • August 2009: Facebook acquires FriendFeed. • September 2009: Facebook claims that it has turned cash flow positive for the first time. • February 2010: Facebook acquires Malaysian contact-importing startup Octazen Solutions. • April 2, 2010: Facebook announces the acquisition of photo-sharing service called Divvy-shot for an undisclosed amount. • April 19, 2010: Facebook introduces Community Pages, which are Pages that are populated with articles from Wikipedia. • April 21, 2010: Facebook introduces Instant Personalization, starting with Microsoft Docs, Yelp, and Pandora. • June 2010: Facebook employees sell shares of the company on Second Market at a company valuation of $11.5 billion. Facebook also announces the start of the Like button being available for comments. • October 1, 2010: The Social Network, a film about the beginnings of Facebook directed by David Fincher is released. The film is met with widespread critical acclaim as well as commercial success; however, Mark Zuckerberg says that the film is a largely inaccurate account of what happened. • Late in 2010, Facebook launched a new profile that, up until this week, remained pretty much unaltered. Users took advantage by getting creative with the new photo banner at the top of the page. Also, Facebook told you what friends/fans you had in common in the upper right-hand corner of each page. • January: $500 million is invested into Facebook for 1 percent of the company, placing its worth at $50 billion. • February: Facebook adds new “civil union” option for gay partnerships. • February: Facebook application and content aggregator Pixable estimates that Facebook will host 100 billion photos by summer 2011. • June: Facebook partners with Skype to add video chat. • September: Facebook partners with Heroku for Facebook application development using the Facebook Platform. • Ticker, Facebook stalking became even easier in 2011 when a real-time activity feed was added to the homepage • October 10: Facebook launches iPad app. • Facebook enabled subscribe in 2011, allowing users to see people’s public status updates and posts. Now called “follow,” the feature’s privacy settings still manage to trip up even the most savvy of Facebook users • Hello Timeline! In 2011,Facebook launches new UI Timeline in F8 Convention. the social networking giant ditched the concept of a “wall” and introduced Timeline. “Tell your life story,” urged Facebook. • April: Facebook acquires Instagram for $1 billion. • May: Facebook goes public, negotiating a share price of $38 apiece, valuing the company at $104 billion, the largest valuation to date for a newly listed public company. • October: Facebook reaches 1 billion active users • January: Facebook announces and begins rolling out Facebook Graph Search. • March 8: Facebook announces that they acquired the team from Storylane, but not the product itself. • April 15: Facebook launches a new timeline. • June 12: #tags introduced, Facebook announces support for hashtags. facebook Users in Millions

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