Top Business Consultant on Facebook

Top Business Consultant on Facebook

03 Oct 2019


Facebook is a social networking service launched on February 4, 2004.

"The facebook", as it was originally known; the name taken from the sheets of paper distributed to freshmen, profiling students and staff, was founded by Mark Zuckerberg with his college roommate and fellow Harvard University student Eduardo Saverin.

Beyond the social interaction and privacy controls, Mark Zuckerberg also created Facebook because he believed it could be a viable business. He got some start-up capital from his friend Eduardo Saverin because he expected to be able to make money with his idea at some point in the future.

The idea for Facebook came from Mark’s days at Phillips Exeter Academy, which annually published a student directory with headshot photos of all students and faculty known as the “facebook”

Within 24 hours, 1,200 Harvard students had signed up, and after one month, over half of the undergraduate population had a profile.
The network was promptly extended to other Boston universities, the Ivy League and eventually all US universities. It became Facebook.com in August 2005 after the address was purchased for $200,000. US high schools could sign up from September 2005, then it began to spread worldwide, reaching UK universities the following month.

As of September 2006, the network was extended beyond educational institutions to anyone with a registered email address.


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