Facebook has finally achieved adult status after it turned 18 on February 4th 2004. It was launched in a dorm room at Harvard University by friends and roommates Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughe.
Nearly two decades have passed since the iconic platform’s launch, with the parent company behind Facebook, Meta, having become one of the most well-known, and controversial, companies.
With billions of users, despite having just ranked one of the lowest amounts in its existence this week as well, Facebook reached a market value of approximately $898 billion today.
Alongside the four other largest tech companies – Microsoft, Amazon, Apple and Google – Facebook continues to be at the centre of discussions regarding data security and competition violations.
The platform was originally only made for students at Zuckerberg’s alma mater, Harvard University. Facebook users now spend about an hour a day on the platform, but the average length of people looking at posts is 17 seconds.
Zuckerberg, in response to the recent 26% drop in stocks, said that he is more focused on pushing the Metaverse concept, having spent more than $10 billion along these lines last year.
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