why twitter builds
- bateg61134
- Oct 2, 2020
- 3 min read
ad exceeded 400,000.[47]
In October 2008, Facebook announced that its international headquarters would locate in Dublin, Ireland.[48] In September 2009, Facebook said that it had achieved positive cash flow for the first time.[49] A January 2009 Compete.com study ranked Facebook the most used social networking service by worldwide monthly active users.[50]
The company announced 500 million users in July 2010.[51] Half of the site's membership used Facebook daily, for an average of 34 minutes, while 150 million users accessed the site from mobile devices. A company representative called the milestone a "quiet revolution."[52] In November 2010, based on SecondMarket Inc. (an exchange for privately held companies' shares), Facebook's value was $41 billion. The company had slightly surpassed eBay to become the third largest American web company after Google and Amazon.com.[53][54]
On November 15, 2010, Facebook announced it had acquired the domain name fb.com from the American Farm Bureau Federation for an undisclosed amount. On January 11, 2011, the Farm Bureau disclosed $8.5 million in "domain sales income", making the acquisition of FB.com one of the ten highest domain sales in history.[55]
In February 2011, Facebook announced plans to move its headquarters to the former Sun Microsystems campus in Menlo Park, California.[56][57] In March 2011, it was reported that Facebook was removing about 20,000 profiles daily for violations such as spam, graphic content and underage use, as part of its efforts to boost cyber security.[58] Statistics showed that Facebook reached one trillion page views in the month of June 2011, making it the most visited website tracked by DoubleClick.[59][60] According to a Nielsen study, Facebook had in 2011 become the second-most accessed website in the U.S. behind Google.[61][62]
China blocked Facebook in 2009.[63]
2012–2013: IPO, lawsuits, and one-billionth user
Further information: Initial public offering of Facebook
In March 2012, Facebook announced App Center, a store selling applications that operate via the website. The store was to be available on iPhones, Android devices, and for mobile web users.[64]
Billboard on the Thomson Reuters building welcomes Facebook to NASDAQ, May 2012
Facebook's initial public offering came on May 17, 2012, at a share price of US$38. The company was valued at $104 billion, the largest valuation to that date.[65][66][67] The IPO raised $16 billion, the third-largest in U.S. history, after Visa Inc. in 2008 and AT&T Wireless in 2000.[68][69] Based on its 2012 income of $5 billion, Facebook joined the Fortune 500 list for the first time in May 2013, ranked 462.[70] The shares set a first day record for trading volume of an IPO (460 million shares).[71] The IPO was controversial given the immediate price declines that followed,[72][73][74][75] and was the subject of lawsuits,[76] while SEC and FINRA both launched investigations.[77]
Zuckerberg announced at the start of October 2012 that Facebook had one billion monthly active users,[78] including 600 million mobile users, 219 billion photo uploads and 140 billion friend connections.[79]
2013–2014: Site developments, A4AI, and 10th anniversary
On January 15, 2013, Fac ebook announced Facebook Graph Search, which provides users with a "precise answer", rather than a link to an answer by leveraging data present on its site.[80] Facebook emphasized that the feature would be "privacy-aware", returning results only from content already shared with the user.[81] On April 3, 2013, Facebook unveiled Facebook Home, a user-interface layer for Android devices offering greater integration with the site. HTC announced HTC First, a phone with Home pre-loaded.[82]
On April 15, 2013, Facebook announced an alliance across 19 states with the National Association of Attorneys General, to provide teenagers and parents with information on tools to manage social networking profiles.[83] On April 19 Facebook modified its logo to remove the faint blue line at the bottom of the "F" icon. The letter F moved closer to the edge of the box.[84]
Following a campaign by 100 advocacy groups, Facebook agreed to update its policy on hate speech. The campaign highlighted content promoting domestic violence and sexual violence against women and led 15 advertisers to withdrawal, including Nissan UK, House of Burlesque and Nationwide UK. The company initially stated, "while it may be vulgar and offensive, distasteful content on its own does not violate our policies".[85] It took action on May 29.[86]
On June 12, Facebook announced that it was introducing clickable hashtags to help users follow trending discussions, or search what others are talking about on a topic.[87] San Mateo County, California, became the top wage-earning county in the country after the fourth quarter of 2012 because of Facebook. The Bureau of Labor Statistics reported that the average salary was 107% higher than the previous year, at $168,000 a year, more
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