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Internet Website
    (February 4, 2004- )
    Born in United States
    Social networking website
    Founded by Mark Zuckerberg and Dustin Moskovitz
    Has over 845 million users as of February 2012
    Filed papers for Initial Public Offering of $5 billion (February 1, 2012); public trading began May 18, 2012
    It was originally restricted to students at Ivy League schools when it was first launched.
    It faced a lawsuit from Connectu.com over usage of the concepts and source codes.
    It allows people to publicly disclose their personal status (home address, phone number, etc.).
    Like many social networking sites, pedophiles use it as a breeding ground to prey on teenage girls.
    Due to its popularity, it is referred to as 'Crackbook' by internet users.
    It is banned by many workplaces who cite that many employees use the site as an excuse to slack off.
    Some users create groups that are used to form alliances against people they dislike.
    Some employers use the site to look at profiles of potential employees.
    As of 2007, it has surpassed both Hi5 and MySpace as the internet's popular social network tool.
    After being restricted to both college and high school students, it became accessible to anyone with an email address.
    Police have used the site for information on criminals.
    Unlike Hi5 and MySpace, users have to elaborate on how they know a specific person who has added them to their contact lists.
    Some users use the site for reunions and to reconnect with old friends.
    By 2007, the website's popularity had tripled since its 2004 inception.
    Its creators have turned down offers from various high tech corporations.

Credit: Ricky


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