The name comes from the face book directories often given to American university students.Facebook held its initial public offering (IPO) in February 2012, and began selling stock to the public three months later, reaching an original peak market capitalization of 4 billion, a new record.Microsoft's purchase included rights to place international advertisements on the social networking site.Entertainment Weekly included the site on its end-of-the-decade "best-of" list saying, "How on earth did we stalk our exes, remember our co-workers' birthdays, bug our friends, and play a rousing game of Scrabulous before Facebook?I can do it better than they can, and I can do it in a week." In January 2004, Zuckerberg began writing code for a new website, known as "The Facebook", with the inspiration coming from an editorial in the Crimson about Facemash, stating that "It is clear that the technology needed to create a centralized Website is readily available ...the benefits are many." Six days after the site launched, Harvard seniors Cameron Winklevoss, Tyler Winklevoss, and Divya Narendra accused Zuckerberg of intentionally misleading them into believing that he would help them build a social network called Harvard
Additionally, users can report or block unpleasant people.
They claimed that he was instead using their ideas to build a competing product.
In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers).
The founders initially limited the website's membership to Harvard students.
Later they expanded it to higher education institutions in the Boston area, the Ivy League schools, and Stanford University.