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These started as group pages, but a new concept called company pages was planned.On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion.They claimed that he was instead using their ideas to build a competing product.In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers).



The Facemash site was quickly forwarded to several campus group list-servers, but was shut down a few days later by the Harvard administration.Facebook is an American online social media and social networking service company based in Menlo Park, California.The Facebook website was launched on February 4, 2004, by Mark Zuckerberg, along with fellow Harvard College students and roommates, Eduardo Saverin, Andrew Mc Collum, Dustin Moskovitz, and Chris Hughes.Its popularity has led to prominent media coverage for the company, including significant scrutiny over privacy and the psychological effects it has on users.

In recent years, the company has faced intense pressure over the amount of fake news, hate speech and violence prevalent on its services, all of which it is attempting to counteract Zuckerberg wrote a program called "Facemash" in 2003 while attending Harvard University as a sophomore (second year student).

Microsoft's purchase included rights to place international advertisements on the social networking site.



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