Subject : Facebook: from Harvard dorm to Wall Street
Key dates in the history of Facebook, which is to launch its public offering Friday. -- 2004 -- JANUARY: Mark Zuckerberg, a 19-year-old Harvard computer whiz, begins working out of his dormitory room on an online network. A month later, he launches "thefacebook" with classmates Chris Hughes, Eduardo Saverin and Dustin Moskovitz. MAY: Zuckerberg moves to Silicon Valley, decides not to return to Harvard for the fall semester. JULY: Facebook get $500,000 investment from PayPal co-founder Peter Thiel. -- 2005 -- APRIL: Facebook gets a second round of funding: $12.7 million from Accel Partners. AUGUST: Thefacebook.com changes its name to Facebook. -- 2006 -- FEBRUARY: Viacom offers to buy Facebook for $1.5 billion. Yahoo! also makes an unsuccessful $1 billion bid. -- 2007 -- OCTOBER: Microsoft invests $240 million in a deal that values Facebook at $15 billion. Membership tops 50 million. -- 2008 -- FEBRUARY: A $65 million settlement is reached with twins Tyler and Cameron Winklevoss over allegations that Zuckerberg stole their idea. Facebook launches a Spanish site. MARCH: French and German sites are launched. APRIL: Facebook dethrones MySpace as the world s most popular social network. AUGUST: Membership hits 100 million. -- 2009 -- MARCH: Facebook launches the first mobile application. MAY: Russia s Digital Sky Technologies invests $200 million. SEPTEMBER: Zuckerberg says the firm has become "cash flow positive." -- 2010 -- MAY: Pakistan blocks access to Facebook over a competition encouraging users to post caricatures of the Prophet Mohammed. JULY: Membership hits 500 million, including Lady Gaga and President Barack Obama. DECEMBER: Time magazine names Zuckerberg "Person of the Year" for "transforming the way we live our lives every day." -- 2011 -- JANUARY: A private share offering raises $1.5 billion, values Facebook at $50 billion. FEBRUARY: Facebook announces plans to move from Palo Alto to former home of Sun Microsystems in Menlo Park. -- 2012 -- JANUARY: Facebook files for initial public offering. MAY: Membership hits 900 million, regulatory filings show. The IPO is priced at $38 per share, giving Facebook a market value of $104 billion and raising at least $16 billion.
no likes.
|