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Mark Zuckerberg created Facemash to compare people on his campus while going to Harvard. He was charged with breaching privacy but the charges were later dropped.
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He created TheFacebook after Facemash failed, as a student directory for students at Harvard.
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Facebook was founded by Mark Zuckerberg and a couple of his colleagues from Harvard on February 4, 2004 in Cambridge, Massachusetts.
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Entrepreneur Sean Parker who was Mark's long-time informal adviser became president of the company mid-year.
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In June they moved their company headquarters to Palo Alto, California.
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They received their first investment later that month from PayPal co-founder Peter Theil that month too.
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They also dropped the "the' in their name so it was just Facebook after buying the title from the AboutFace Corporation for $200,000 USD.
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On September 26, Facebook opened to the general public, to anyone who was 13 years or older and had a valid email address.
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Microsoft got a 1.6% share in Facebook for $240 million, this gave Facebook a net worth of $15 billion.
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Three Harvard seniors sue Mark saying that they got tricked by him into thinking that he was helping them build a website for their university, when all he was doing was building off their ideas to create his own product.
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Facebook announced that they would move their international head quarters to Dublin, Ireland.
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in January, Complete.com stated that Facebook was the most used social media platform in the world, and reached 500 million users in July of next year.
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In February, they said that they were going to move they head quarters back to California to the old Sun Microsystems campus.
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In March, Facebook was reported to be deleting 20,000 profiles a day that had inappropriate content on it.
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In October, Facebook reached 1 billion active monthly users.
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In April, they bought Instagram for 1 billion dollars in money and also stock.
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They bought WhatApp for $19 in cash and stock in February.
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Facebook changed their algorithm to catch false news and delete it at the beginning of 2015.