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Facebook is an online social media and networking service founded in 2004 by Mark Zuckerberg along with his fellow Harvard college roommates Eduardo Saverin, Andrew McCollum, Chris Huges and Dustin Moskovitz. Facebook was initially made available for Harvard University students and later it was expanded for other colleges, schools and universities. It was made available to everyone above the age of 13 in the year 2006. According to the company's website, Facebook's mission is to give people the power to share and make the world more open and connected. While attending the Harvard University as a second year student Zuckerberg wrote a program called 'Facemash' that used compiled photos that was gained by Zuckerberg by hacking into Harvard's computer network and copying the images. He then placed two photos at a time and asked the users to choose the 'hotter' person. The site was then forwarded to several other campuses and servers. However, the site was shut down by Harvard University and Zuckerberg had to face expulsion. After returning to the university, Zuckerberg in the next semester got inspired by an editorial in The Harvard Crimson about the Facemash incident and then Zuckerberg launched "Thefacebook" website on 4th February 2004 and it was located at the facebook.com. Membership of Thefacebook was initially for the students of Harvard College and it later was opened to other universities like the University of Columbia, Stanford and Yale and later it was opened for most of the universities in Canada and United States. Zuckerberg's informal advisor Sean Parker became the company's president in mid 2004 and in 2005 Thefacebook dropped 'the' from its name after purchasing the domain name facebook.com for US$200,000. The company moved to Palo Alto in California in June 2004 and the next month the company received its first investment from Peter Thiel, co-founder of PayPal. Later in May 2005, Facebook received investment of $12.7 million from Accel Partners and $1 million from Jim Breyer. Facebook then launched a a high-school version in September 2005 and was also made available to the employees of Apple Inc. and Microsoft. Gaining steady popularity, the forum was opened to general public on September 26, 2006. Anybody above the age of 13 with a valid email id could open a Facebook account. Facebook gained popularity in no time and by January 2009 a study by ompete.com ranked Facebook as the most used networking service on the basis of monthly active users. The company continued to gain traffic and by July 2010, the company announced that it has crossed the 500 million users mark to become the largest online social network in the world at the time. By November 2010, Facebook's value was marked at $41 billion based on SecondMarket Inc. study. This made Facebook the third largest American web company. Facebook filed for an Initial Public Offering on 1st February 2012 and negotiated a share price of US$38. This valued the company at $104 billion, the largest valuation for a newly listed public company. As of September 2016, Facebook's headquarter is located at 1 Hacker Way, Menlo Park, California and as of June 30 2016, Facebook has 14,495 employees working. The company has on average 1.13 billion daily active users, and a total of 1.71 billion monthly. With over 84.5% of daily active users outside the US and Canada, the social media behemoth is easily one of the largest influence on the internet today. Facebook also owns WhatsApp and Instagram that has 1 billion and 500 million monthly users respectively. Facebook has been able to create a social impact on human life. Facebook allows people to connect to different people worldwide and enabling them to continuously can stay in touch with their relatives and friends. It also helps in uniting people with common interest and they can create their own open or closed private groups. Facebook also has been able to change the way people communicate. People now use images and videos to communicate and his friends or colleagues can respond to their posts through 'likes' or various other emoticons that were recently introduced by Facebook. Facebook also has been able to create a political impact and majority of the major political parties around the globe have their presence on Facebook. However, Facebook also has been a subject to many criticisms around the globe. According to a report released by Geenpeace on 21st April 2011, Facebook was the most reliant on coal for electricity for its data center and it consumes up to 2% of all global electricity and the amount was projected to increase in the future. Facebook was condemned in India for its Free Basics offer in collaboration with Reliance Communications. Issue of privacy and security bug also has been a major reasons creating negative image of Facebook. Facebook has been blocked temporarily or permanently in many countries. The government of Bangladesh has been blocking Facebook, WhatsApp and many other social media apps since 18th November 2015. To boot, it has been the center of many billion dollar lawsuits. Irrespective of all this, the social networking site continue to grow and is easily one of the largest influence today.

Facebook, Twitter Executives Summoned By Parliamentary Panel Over 'Social Media Misuse'
India.com News Desk | January 17, 2021 9:06 PM IST
The issues of safeguarding citizens' rights, preventing misuse of social media platforms and women
Facebook, Twitter Executives Summoned By Parliamentary Panel Over 'Social Media Misuse'
indiacom
2021-01-17T10:06:05+00:00
2021-01-17T10:58:01+00:00
Facebook
India.com
Signal is Back! Messaging App Online After Facing Technical Difficulty For Over a Day
India.com News Desk | January 17, 2021 1:27 PM IST
The company informed people via Twitter that the app was back online and thanked the millions of
Signal is Back! Messaging App Online After Facing Technical Difficulty For Over a Day
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2021-01-17T02:27:58+00:00
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Facebook Bans Ads For Weapon Accessories Before Biden Event on January 20
IANS | January 17, 2021 12:55 PM IST
Facebook said its teams are conducting a secondary review of all Facebook events related to the
Facebook Bans Ads For Weapon Accessories Before Biden Event on January 20
indiacom
2021-01-17T01:55:13+00:00
2021-01-17T01:57:28+00:00
Facebook
India.com
Misinformation Went Down After Social Media Banned Trump: Report
India.com News Desk | January 17, 2021 8:53 AM IST
Election disinformation had been a major subject of online misinformation for months, beginning
Misinformation Went Down After Social Media Banned Trump: Report
indiacom
2021-01-16T21:53:56+00:00
2021-01-17T00:23:48+00:00
Facebook
India.com
Plea in SC Seeks Direction to WhatsApp to Roll Back Its Privacy Policy Update
PTI | January 17, 2021 10:25 AM IST
The petitioner said the updated privacy policy of WhatsApp would adversely impact the citizens'
Plea in SC Seeks Direction to WhatsApp to Roll Back Its Privacy Policy Update
indiacom
2021-01-16T23:25:51+00:00
2021-01-16T23:25:51+00:00
Facebook
India.com
Traders Body CAIT Moves Supreme Court Against WhatsApp, Facebook Over Privacy Policy
India.com News Desk | January 16, 2021 4:53 PM IST
The petition especially highlights the difference of approach in EU and India countries with
Traders Body CAIT Moves Supreme Court Against WhatsApp, Facebook Over Privacy Policy
indiacom
2021-01-16T05:53:59+00:00
2021-01-16T05:53:59+00:00
Facebook
India.com
'Want to Address Some Rumours': WhatsApp Issues Clarification on Privacy Policy
India.com News Desk | January 12, 2021 11:46 AM IST
WhatsApp had recently faced a huge security crisis when over 4,000 links inviting people to join
'Want to Address Some Rumours': WhatsApp Issues Clarification on Privacy Policy
indiacom
2021-01-12T00:46:34+00:00
2021-01-12T00:46:34+00:00
Facebook
India.com
After Slamming WhatsApp, Now Telegram Takes on Signal, Says There is no Comparison
IANS | January 11, 2021 11:30 PM IST
WhatsApp users in India and elsewhere who wish to join either Telegram, which has raced to cross
After Slamming WhatsApp, Now Telegram Takes on Signal, Says There is no Comparison
indiacom
2021-01-11T12:30:25+00:00
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Facebook
India.com
TikTok Highest Grossing App of 2020 Despite Ban, Followed by Tinder, Youtube; Netflix 10th
India.com News Desk | January 10, 2021 6:46 PM IST
At 850 million, TikTok was also the most downloaded app in 2020, followed by WhatsApp at 600
TikTok Highest Grossing App of 2020 Despite Ban, Followed by Tinder, Youtube; Netflix 10th
indiacom
2021-01-10T07:46:27+00:00
2021-01-10T07:46:27+00:00
Facebook
India.com
Facebook Redesigns Pages, Drops 'Like' Button From Pages of Public Figures, Brands, Artists | Details Here
India.com News Desk | January 8, 2021 7:32 PM IST
After the redesign, Facebook will now only show the number of followers and a dedicated news feed
Facebook Redesigns Pages, Drops 'Like' Button From Pages of Public Figures, Brands, Artists | Details Here
indiacom
2021-01-08T08:32:33+00:00
2021-01-08T08:40:48+00:00
Facebook
India.com
WhatsApp New Rules Change From Feb 8. Here's How Safe Is Your Personal Data
India.com News Desk | January 8, 2021 4:05 PM IST
In the notification, WhatApp said it is updating its terms and privacy policy and it is mandatory
WhatsApp New Rules Change From Feb 8. Here's How Safe Is Your Personal Data
indiacom
2021-01-08T05:05:29+00:00
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Facebook
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'Time to Say Goodbye': Angry Users Switch to Telegram After WhatsApp's New Policy Sparks Privacy Fears
India.com News Desk | January 8, 2021 11:32 AM IST
Miffed at the policies, many users poured their anger through memes and declared that they are
'Time to Say Goodbye': Angry Users Switch to Telegram After WhatsApp's New Policy Sparks Privacy Fears
indiacom
2021-01-08T00:32:22+00:00
2021-01-08T01:55:42+00:00
Facebook
India.com
US Capitol Riot: Restrictions on Donald Trump's Facebook, Instagram Accounts Extended Indefinitely
India.com News Desk | January 7, 2021 10:00 PM IST
Sharing a post on Facebook, Zuckerberg said his company believes the risks of allowing the
US Capitol Riot: Restrictions on Donald Trump's Facebook, Instagram Accounts Extended Indefinitely
indiacom
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Facebook
India.com
Facebook, Twitter, Instagram Suspend Trump's Account After US Capitol Attack
India.com News Desk | January 7, 2021 8:14 AM IST
Earlier in the day, Twitter, Facebook and YouTube all removed a short video from Trump in which he
Facebook, Twitter, Instagram Suspend Trump's Account After US Capitol Attack
indiacom
2021-01-06T21:14:24+00:00
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Facebook
India.com
Bizarre! Man Threatens To Kill Ex-Boss After He Ignores His Facebook Friend Request For 2 Days
India.com Viral News Desk | January 4, 2021 9:39 AM IST
Burczyk was charged with felony counts of burglary and terrorizing in connection to the incident.
Bizarre! Man Threatens To Kill Ex-Boss After He Ignores His Facebook Friend Request For 2 Days
indiacom
2021-01-03T22:39:57+00:00
2021-01-03T22:39:57+00:00
Facebook
India.com
Fraud Alert! Bengaluru Woman Orders Food For Rs 250 on Facebook, Ends up Losing Rs 50,000
India.com Viral News Desk | December 28, 2020 5:01 PM IST
A 58-year-old Bengaluru woman lost Rs 50,000 while ordering a meal through an advertisement she saw
Fraud Alert! Bengaluru Woman Orders Food For Rs 250 on Facebook, Ends up Losing Rs 50,000
indiacom
2020-12-28T06:01:42+00:00
2020-12-28T06:09:44+00:00
Facebook
India.com
Facebook Restores Kisan Ekta Morcha Page After Social Media Outrage, Says 'Regret The Inconvenience Caused'
India.com News Desk | December 21, 2020 10:56 AM IST
Facebook had on Sunday briefly removed the account of Kisan Ekta Morcha where farmers' groups had
Facebook Restores Kisan Ekta Morcha Page After Social Media Outrage, Says 'Regret The Inconvenience Caused'
indiacom
2020-12-20T23:56:32+00:00
2020-12-21T04:02:50+00:00
Facebook
India.com
Farmers' Protests: Demonstrators Allege Facebook, Instagram Accounts Blocked After Live Broadcast
India.com News Desk | December 20, 2020 9:15 PM IST
Thousands of farmers, mainly from Punjab and Haryana, are protesting against the laws for the last
Farmers' Protests: Demonstrators Allege Facebook, Instagram Accounts Blocked After Live Broadcast
indiacom
2020-12-20T10:15:19+00:00
2020-12-20T13:06:29+00:00
Facebook
India.com
Facebook-Apple War Over iOS Privacy Changes Intensifies
IANS | December 17, 2020 10:19 PM IST
With full-page ads in leading US publications, Facebook is apparently trying to convince regulators
Facebook-Apple War Over iOS Privacy Changes Intensifies
indiacom
2020-12-17T11:19:09+00:00
2020-12-17T11:19:09+00:00
Facebook
India.com
No Element in Bajrang Dal's Content Violative of Facebook Policies: Social Media's India Head Tells Parliamentary Panel
India.com News Desk | December 17, 2020 7:11 AM IST
The WSJ report suggested that despite an internal assessment calling for a ban on the Bajrang Dal,
No Element in Bajrang Dal's Content Violative of Facebook Policies: Social Media's India Head Tells Parliamen
indiacom
2020-12-16T20:11:06+00:00
2020-12-16T20:11:06+00:00
Facebook
India.com

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