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The company dropped 'The' from its name after purchasing the domain name facebook.com in 2005 [23] for $200,000. [24] The following year, the platform was made available for high school students, and in 2006, it became accessible to the general public. In December 2005, it was reported that Facebook had 6 million monthly active users. [25]
For years, Facebook and Zuckerberg resisted both buyouts and taking the company public. The main reason that the company decided to go public is because it crossed the threshold of 500 shareholders, according to Reuters financial blogger Felix Salmon. [2] Facebook reportedly turned down a $750 million offer from Viacom in 2006. [3]
Facebook News, which features selected stories from news organizations, was launched on October 25. [182] Facebook's decision to include far-right website Breitbart News as a "trusted source" was negatively received. [183] [184] On November 17, 2019, the banking data for 29,000 Facebook employees was stolen from a payroll worker's car.
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Facebook Paper. During the same week as its tenth anniversary (in 2014), Facebook launched the Paper iPhone app. The app consists of two major features: Firstly, Facebook's News Feed is more graphic, as the app uses technology such as full-screen photos and video footage.
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Meta Platforms, Inc. Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12][13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
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