A January 2009 Compete.com study ranked Facebook as the most used social networkingservice by worldwide monthly active users. Entertainment Weekly included the site on itsend-of-the-decade "best-of" list, saying, "How on earth did we stalk our exes, remember our co-workers' birthdays, bug our friends, and play a rousing game of Scrabulous beforeFacebook?" Quantcast estimates Facebook has 138.9 million monthly unique U.S. visitors inMay 2011. According to Social Media Today, in April 2010 an estimated 41.6% of the U.S. population had a Facebook account.Nevertheless, Facebook's market growth started to stall insome regions, with the site losing 7 million active users in the United States and Canada inMay 2011. Facebook filed for an initial public offering on February 1, 2012.
History of Facebook
Mark Zuckerberg created Facebook in his Harvard dorm room.In early 2000s, Adam D'Angelo, then a Caltech student who had been Mark Zuckerberg's best friend in high school, had developed the experimental, rudimentary social networkingwebsite Buddy Zoo, that was used by hundreds of thousands of people before D'Angelo shutit down. That summer, Zuckerberg and friends who were also computer science studentsworked coding for the summer in Boston and discussed the implication of D'Angelo'swebsite's success with regard to the future of social networking on the Internet. In the fall,Zuckerberg, returning for his sophomore year at Harvard, wrote CourseMatch, a briefly popular site that helped Harvard students figure out what courses their friends were taking;and then, on October 28, 2003, he wrote Facemash, a site that, according to the HarvardCrimson, represented a Harvard University version of Hot or Not.That night, Zuckerberg made the following blog entries:I'm a little intoxicated, not gonna lie. So what if it's not even 10 pm and it's a Tuesday night?What? The Kirkland [dorm] facebook is open on my desktop and some of these people have pretty horrendous facebook pics. I almost want to put some of these faces next to pictures of farm animals and have people vote on which is more attractive. —9:48 pm