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Facebook is an American online social media and social networking service company based in Menlo Park, California.Its website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew Mc Collum, Dustin Moskovitz, and Chris Hughes.The company had slightly surpassed e Bay to become the third largest American web company after Google and
Microsoft's purchase included rights to place international advertisements on the social networking site.
A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.
(an exchange for privately held companies' shares), Facebook's value was billion.
Zuckerberg wrote a program called "Facemash" in 2003 while attending Harvard University as a sophomore (second year student).
According to The Harvard Crimson, the site was comparable to Hot or Not and used "photos compiled from the online facebooks of nine Houses, placing two next to each other at a time and asking users to choose the "hotter" person".