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Tells staff products meta stock plunges1/18/2024 ![]() ![]() J– A study by researchers at Cornell, the University of California San Francisco and Facebook is published in Proceedings of the National Academy of Science. ![]() Zuckerberg denies Facebook cooperated with the NSA.įebru– Facebook announces that it is purchasing mobile messaging service WhatsApp for $19 billion. June 2013 – Edward Snowden releases documents on the National Security Agency (NSA) surveillance program known as “PRISM.” Snowden claims that the NSA has monitored the users of Facebook and other internet companies. Octo– Facebook reaches one billion active monthly users. – The initial public offering of Facebook stock takes place. November 2011 – Facebook settles charges brought by the Federal Trade Commission that it engaged in deceptive practices concerning users’ privacy.Īp– Facebook announces that it has purchased photo-sharing site Instagram for $1 billion. Septem– Facebook introduces the Timeline feature. Octo– The movie “The Social Network,” a fictionalized account of the start of Facebook, is released. 1 social network in the United States, surpassing MySpace, according to PC World magazine. March 2008 – Facebook hires Sheryl Sandberg to be the company’s chief operating officer.įebru– Facebook introduces the “Like” button. Octo– Microsoft buys a 1.6% stake in Facebook for $240 million. The two sides later agree to a $65 million settlement. Ma– Former Harvard classmates Cameron and Tyler Winklevoss sue Zuckerberg in federal court, alleging that he stole the idea for Facebook from them. Septem– Facebook expands to allow anyone to register. Septem– High school students are allowed to join Facebook.ĭecem– Six million users are active on the site. ![]()
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