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^ Kincaid, Jason (October 24, 2009). Developed by Mark Zuckerberg, he wrote the software for the Facemash website when he was in his second year of college. Investor Relations. ^ Erickson, Christine (February 3, 2012). In August 2008, BusinessWeek reported that private sales by employees, as well as purchases by venture capital firms, were being done at share prices that put the company's total valuation at between $3.75billion and $5billion.[74] In October 2008, Zuckerberg said "I don't think social networks can be monetized in the same way that search did . In his book The Facebook Effect, Kirkpatrick outlines the story of how Thiel came to make his investment: Former Napster and Plaxo employee Sean Parker, who at the time had assumed the title of "President" of Facebook, was seeking investors for Facebook. The Age. Quake hits Caribbean . 165 (4): 122. ^ Jarzmensky, Matt (February 2, 2012). Medieval girl power . Retrieved August 6, 2008. This was the first outside investment in Facebook.[56][57][58]. Contents 1 FaceMash 2 Facebook 3 Financials 3.1 Initial funding 3.2 First angel investment 3.3 Accel investment (Series A) 3.4 Greylock investment (Series B) 3.5 Sales negotiations 3.6 Microsoft investment (Series C) 3.7 Switch to profitability 3.8 Acquisitions 4 Design and Content Management System 5 IPO 6 Notes 7 References . He examined a history of failed logins to see if any of the Crimson members have ever entered an incorrect password into TheFacebook.com. "Facebook Mobile Usage Set to Explode". ^ "Form S-1 Registration Statement Under The Securities Act of 1933". The Facebook design has seen numerous design iterations throughout its existence. Facebook was then opened on September 26, 2006 to everyone aged 13 and older with a valid e-mail address.[6][7]. ^ Seid, Jessica, "Is Facebook worth a billion bucks?: Wall Street thinks social networking site would be a good deal for Yahoo, but college students are divided on its worth", CNNMoney.com, September 22, 2006 ^ Sullivan, Brian (December 15, 2006). It gradually reached most universities in the United States and Canada.[21][22][23] Facebook was incorporated in the summer of 2004, and the entrepreneur Sean Parker, who had been informally advising Zuckerberg, became the company's president.[24] In June 2004, Facebook moved its base of operations to Palo Alto, California.[2] The company dropped The from its name after purchasing the domain name facebook.com in 2005 for $200,000.[25]. In the end, three Crimson members filed a lawsuit against Zuckerberg which was later settled.[18][19] U Membership was initially restricted to students of Harvard University. Zuckerberg knew about the investigation so he used TheFacebook.com to find members in the site who identified themselves as members of the Crimson. Retrieved June 26, 2010. The Facebook Effect (p. The Facebook Blog. -->. Thiel and Zuckerberg got along well and Thiel agreed to lead Facebook's seed round with $500,000 for 10.2% of the company. The New York Times. ^ "Li Ka-shing invests 60million dollars in Facebook: report". September 16, 2009. Retrieved April 5, 2010. Security CheckPlease enter the text belowCan't read the text above?Try another text or an audio captchaEnter the text you see above.Why am I seeing this?Security CheckThis is a standard security test that we use to prevent spammers from creating fake accounts and spamming users.Submit.. Simon & Schuster. ^ "GettingTheMessages". "Facebook I.P.O. ^ Richard MacManus (October 27, 2011). three hundred people." Moskovitz continued to say that, By the end of the night, we were 5a02188284
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