Facebook is the world's largest social network. It was established in 2004 by Mark Zuckerberg and his roommates Dustin Moskovitz, Eduardo Saverin, Andrew McCollum, and Chris Hughes, while studying at the Harvard University. Originally, the site was named Thefacebook and was only available for Harvard University Students. Later on, it opened up for registration for other Boston Universities and, then, for US secondary school students. Since September 2006, Facebook is accessible to all internet users from around the world, aged 13 years and above.
Registered users can create a profile, add other users, post photos and status updates, exchange messages, share videos and create groups. They can, also, join user groups with common interests and categorise their ‘friends’ into lists. As of September 2014, the social networking site had 1.35 billion active users and 1.12 billion mobile active users per month. Facebook held its IPO in 2012 and started selling shares three months later, reaching a record market capitalization of $104 billion.
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