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In recent years, the company has faced intense pressure over the amount of fake news, hate speech and depictions of violence prevalent on its services, all of which it is attempting to counteract.Zuckerberg wrote a program called "Facemash" in 2003 while attending Harvard University as a sophomore (second year student).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.Facebook gradually added support for students at various other universities, and eventually to high school students.Since 2006, anyone who claims to be at least 13 years old has been allowed to become a registered user of Facebook, though variations exist in this requirement, depending on local laws.After registering, 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 other users' activity.

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The company had slightly surpassed e Bay to become the third largest American web company after Google and " and according to its data, half of the site's membership used Facebook daily, for an average of 34 minutes, while 150 million users accessed the site by mobile.A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.These started as group pages, but a new concept called company pages was planned.

On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for 0 million, giving Facebook a total implied value of around billion.

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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