Facebook Start Date
14 years later on, Facebook is one the most significant social networks on the planet, flaunting approximately 2.2 billion monthly customers.
So just how did a social media network developed in the boundaries of a Harvard dorm room go from being a pupil fad to an unmatched, around the world sensation?
It all began in 2003, when Facebook creator as well as CEO Mark Zuckerberg created an on the internet programme called "Facemash", which allowed customers to objectify fellow trainees by contrasting images of their faces and selecting who they deemed as "hotter".
While Zuckerberg encountered punishment from the Harvard administration and directly escaped expulsion from the college completely for his actions, "Facemash" supplied the framework for what was to become Facebook.
Online "face publications" currently existed at Harvard at the time. These were online directories that included photos of trainees along with some information regarding them.
There had not been a solitary "face publication" for the whole trainee body of Harvard university, which is why Zuckerberg generated the suggestion to create one.
On February 4 2004, the initial iteration of Facebook was birthed, then known as thefacebook.com as well as offered exclusively to Harvard trainees.
Nonetheless, the truth about exactly how Facebook came about isn't completely clear, because of the involvement of 3 Harvard elders.
6 days after "TheFacebook" was made live by Zuckerberg and also co-founders Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and also Chris Hughes, they faced allegations by Cameron and also Tyler Winklevoss as well as Divya Narendra that the idea for the site had actually been stolen from them.
According to the Winklevoss doubles and Narendra, they had come close to Zuckerberg requesting for his support in developing a social network for Harvard students called "HarvardConnection".
This claim was explored in the 2010 Oscar-winning movie The Social media, which illustrated Zuckerberg meeting with the Winklevoss brothers and Narendra to review their suggestion prior to producing his very own without their expertise.
Adhering to a legal action submitted against Zuckerberg, eventually all three obtained a settlement in 2008 that consisted of 1.2 million shares in the business each.
Facebook confirmed very prominent with Harvard trainees when it was first launched, so much so that the site was quickly also made available to trainees at Stanford, Yale as well as Columbia prior to expanding to countless various other universities.
One year prior, the social networks system had actually officially ended up being "Facebook", as opposed to "TheFacebook" as it 'd formerly been known.
As the variety of people entering of Facebook expanded, so did the variety of people working for the firm.
In 2004, Napster co-founder Sean Parker was called president of Facebook. He would certainly stumble upon the site while surfing the computer of a student at Stanford and had come to be accustomed with Zuckerberg and also Saverin soon thereafter.
At this point, Facebook had actually relocated its headquarters to Palo Alto in California.
Zuckerberg's problems with founder and former buddy Saverin were additionally checked out in The Social Network.
Having actually been chief financial officer as well as business manager for Facebook because its fertilization, Saverin was apparently reduced from Facebook by Zuckerberg in 2005 and had his shares in the business watered down.
This brought about Saverin submitting a suit versus Facebook, which was worked out outside of court.
Lately, Facebook has become embroiled in controversy worrying the political election of Donald Trump as president of the United States and also Brexit.
It was lately disclosed that individual data from 87 million Facebook accounts had actually been wrongfully shared with Cambridge Analytica, a political consulting company.
This permitted Cambridge Analytica to target Facebook users with political advertisements throughout the 2016 United States presidential elections and also the UK vote, which subsequently could have swayed their position on either subject.
So what does the future hold for Facebook?
In July, it was reported that the firm had actually shed greater than $100bn (₤ 78bn) in worth, with its share price dropping by almost 20 percent.
While Facebook has gotten numerous other business such as Instagram to keep their individuals' rate of interest, the inquiry of whether its popularity will certainly rise yet again continues to be unsure.