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The founders had initially limited the website's membership to Harvard students; however, later they expanded it to higher education institutions in the Boston area, the Ivy League schools, and Stanford University.Facebook gradually added support for students at various other universities, and eventually to high school students as well.It was believed that adjustments to earnings estimates were communicated to the underwriters by a Facebook financial officer, who used the information to cash out on their positions while leaving the general public with overpriced shares.On April 3, 2013, Facebook unveiled Facebook Home, a user-interface layer for Android devices offering greater integration with the site.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.Zuckerberg wrote a program called "Facemash" in 2003 while attending Harvard University as a sophomore (second year student).
Facebook makes most of its revenue from advertisements which appear onscreen.
He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes.
Zuckerberg told the Crimson that "Everyone’s been talking a lot about a universal face book within Harvard.
A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.
(an exchange for privately held companies' shares), Facebook's value was billion.