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The company had slightly surpassed e Bay to become the third largest American web company after Google and In March 2011, it was reported that Facebook was removing approximately 20,000 profiles every day for violations such as spam, graphic content, and underage use, as part of its efforts to boost cyber security. Finance website reported that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS), cut their earnings forecasts for the company in the middle of the IPO process.

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The company 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 $104 billion, a new record.

Facebook makes most of its revenue from advertisements which appear onscreen.

Facebook may be accessed by a large range of devices with Internet connectivity, such as desktop, laptop and tablet computers, and smartphones.

After registering to use the site, users can create a customized profile indicating their name, occupation, schools attended and so on.

Users can add other users as "friends", exchange messages, post status updates, share photos, videos and links, use various software applications ("apps"), and receive notifications of activity.

Additionally, users may join common-interest user groups organized by workplace, school, hobbies or other topics, and categorize their friends into lists such as "People From Work" or "Close Friends".

He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes.

Zuckerberg told the Crimson that "Everyone’s been talking a lot about a universal face book within Harvard.

Facebook is an American online social media and social networking service based in Menlo Park, California.

The Facebook 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.

In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers).

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