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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.
Microsoft's purchase included rights to place international advertisements on the social networking site.
(an exchange for privately held companies' shares), Facebook's value was billion.
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.
The Facemash site was quickly forwarded to several campus group list-servers, but was shut down a few days later by the Harvard administration.
Zuckerberg faced expulsion and was charged by the administration with breach of security, violating copyrights, and violating individual privacy. Zuckerberg expanded on this initial project that semester by creating a social study tool ahead of an art history final exam.
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He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes.