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The Facebook or Facebook

Facebook

By Mehmet AKÇETİNPublished about a year ago 3 min read

Once, in 2004, a Harvard University student, Mark Zuckerberg, came up with an idea. He wanted to create a website with the names, photos, and personal information of students in his class. This site would allow students to connect and communicate with each other. Thus, the social network among students at the university would have been born.

Mark started working with a few of his friends to bring his idea to life. Soon after, several students signed up for the site at Harvard.edu and were able to access the site. The site allowed students to create their profile pages and add their friends. In this way, students were able to communicate with each other and strengthen their social ties.

Over time, the site gained popularity and began to be used at other universities. It took the name Facebook and started to spread all over the world in a short time. Facebook has become a tool that allows people to communicate and connect with their friends in different places.

Mark and his team have continually worked to improve Facebook and add new features to the site. Added groups, pages, events and many other features. Facebook has also become a platform for advertisers and companies have started using Facebook ads to promote their products and services.

Today, Facebook has billions of users around the world and serves as a tool to help people connect, communicate and share information with each other. Zuckerberg and his team are still working on improving Facebook and adding new features every day. Facebook remains a success story born from an idea by Mark.

The name Facebook was inspired by the name of the annual student guide at Harvard University. This guide was called "Facebook" and included students' names, photos and personal information. Since Mark Zuckerberg originally designed Facebook as a social network open only to Harvard students, the idea for the name seemed quite appropriate.

In fact, the first name of Facebook was "The Facebook". The site opened for students at Harvard in 2004 and later expanded to other universities and eventually to the public. The site quickly gained popularity as a platform that allows students to connect and communicate with each other. The Facebook was later briefly called Facebook, and this name is still used today.

Commenting on the name Facebook, Mark Zuckerberg said: "The name Facebook was inspired by the student guide Facebook. Thus, it was a place for people to get to know and connect with each other. The name reflects the values ​​and philosophy behind our social network."

Since its inception, Facebook has received many investment offers and some accepted and others rejected.

n 2004, during Facebook's early days, the Founders Fund, an investment firm headed by Peter Thiel, offered to invest $500,000 in the company, which was accepted. That same year, Accel Partners also invested $12.7 million in Facebook.

Then, in 2005, Greylock Partners invested $12.5 million in Facebook. In 2006, more investment offers were made to Facebook, and Microsoft paid $240 million to buy 1.6 percent of the company. In 2007, Hong Kong-based investment firm Li Ka Shing's Horizon Ventures invested $60 million in Facebook.

In addition, Goldman Sachs and DST Global in Russia invested in Facebook in 2011. The total value of these investments was $1.5 billion.

However, Facebook has also turned down some investment offers. For example, in 2005 Yahoo offered $1 billion to buy Facebook, but Zuckerberg rejected the offer. Then, in 2006, Zuckerberg turned down Yahoo's offer with an offer of more than $1 billion.

As a result, Facebook received many investment offers and accepted some. These investments contributed to the growth and development of the company. However, the company also rejected some investment offers, preferring to grow independently.

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About the Creator

Mehmet AKÇETİN

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    Mehmet AKÇETİNWritten by Mehmet AKÇETİN

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