SAN FRANCISCO, May 17 — Key chapters in the history of Facebook, the world’s biggest social media application, which marks the tenth anniversary tomorrow of its stock market debut.In 2003, 19-year-old Harvard computer whiz Mark Zuckerberg begins working out of his dormitory room on an online network aimed initially at connecting Harvard students.
The new company receives its first investment from PayPal co-founder Peter Thiel, who stumps up US$500,000, and officially changes its name to Facebook in 2005.In 2006, US media conglomerate Viacom and Yahoo make separate plays for Facebook, but both are turned down. In 2008, the platform topples MySpace to become the world’s most popular social networking website and launches its first mobile app the following year.David Fincher’s story of the origins of Facebook, “The Social Network,” hits movie theatres in 2010 and wins Oscars for best adapted screenplay, original score and film editing.
A hoodie-clad Zuckerberg remotely rings the Nasdaq bell from Facebook’s California headquarters on the first day of trading.In 2014, Facebook pays a small fortune to try boost its popularity among younger smartphone users by buying messaging platform WhatsApp in a cash and stock deal valued at US$19 billion.
Zuckerberg is grilled in the US Congress over Facebook’s handling of user data and the way the network is being manipulated to undermine democracy.
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