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18-Aug-2017 01:27

On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for 0 million, giving Facebook a total implied value of around billion.

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

Facebook may be accessed by a large range of devices with Internet connectivity, such as desktop, laptop and tablet computers, and smartphones.

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They claimed that he was instead using their ideas to build a competing product.The company held its initial public offering (IPO) in February 2012, and began selling stock to the public three months later, reaching an original peak market capitalization of 4 billion, a new record.Facebook makes most of its revenue from advertisements which appear onscreen.Facebook is an American online social media and social networking service 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.

The company had slightly surpassed e Bay to become the third largest American web company after Google and