[Technology] The Origins and tremendous growth of FACEBOOK

ngeapk.blogspot.com - Facebook, the most subscribed to social networking site was a creation of Mark Zuckerberg. At 23 years of age and while while studying psychology at Harvard University the talented computer programmer, had already developed a number of social-networking websites for fellow students, including Coursematch, which allowed users to view people taking their degree, and Facemash, where you could rate people's attractiveness.

In February 2004 Mr Zuckerberg launched "The facebook", as it was originally known; the name taken from the sheets of paper distributed to freshmen, profiling students and staff. 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 tremendously extended to other Boston universities, the Ivy League and eventually all US universities. As of September 2006, the network was extended beyond educational institutions to anyone with a registered email address.

The site remains free to join, and makes a profit through advertising revenue. Yahoo and Google are among companies which have expressed interest in a buy-out, with rumoured figures of around $2bn (£975m) being discussed. Mr Zuckerberg has so far refused to sell.

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