Facebook is an online social networking service headquartered in Menlo Park, California. Its name comes from a colloquialism for the directory given to students at some American universities. Facebook was founded on February 4, 2004, by Mark Zuckerberg with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The founders had initially limited the website's membership to Harvard students; however, later they expanded it to higher education institutions in the Boston area, the Ivy League schools, and Stanford University. Facebook gradually added support for students at various other universities, and eventually to high school students as well. 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. The name comes from the face book directories often given to American university students. Facebook held its initial public offering (IPO) in February 2012, valuing the company at $104 billion, the largest valuation to date for a newly listed public company. It began selling stock to the public three months later, reaching an original peak market capitalization of $104 billion. Facebook makes most of its revenue from advertisements that appear onscreen.
Facbook is a social networking site that allows people to connect with friends and family online. It also allows users to share photos, videos, and other content.
The article concludes by discussing how Facebook's services can be used to improve businesses. It states that by using Facebook to connect with customers and clients, businesses can increase sales, build customer loyalty, and improve customer service.