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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.

The founders initially limited the website's membership to Harvard students.

Later they expanded it to higher education institutions in the Boston area, the Ivy League schools, and Stanford University.

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".

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Microsoft's purchase included rights to place international advertisements on the social networking site.A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.(an exchange for privately held companies' shares), Facebook's value was billion.The name comes from the face book directories often given to American university students.Facebook 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 4 billion, a new record.

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