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" and according to its data, half of the site's membership used Facebook daily, for an average of 34 minutes, while 150 million users accessed the site by mobile.

A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.

In recent years, the company has faced intense pressure over the amount of fake news, hate speech and depictions of 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).

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 0 million, giving Facebook a total implied value of around billion.

Zuckerberg told the Crimson that "Everyone’s been talking a lot about a universal face book within Harvard.

[...] I think it’s kind of silly that it would take the University a couple of years to get around to it.

In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers).Zuckerberg faced expulsion and was charged by the administration with breach of security, violating copyrights, and violating individual privacy. Zuckerberg expanded on this initial project that semester by creating a social study tool ahead of an art history final exam.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.Facebook gradually added support for students at various other universities, and eventually to high school students.Since 2006, anyone who claims to be at least 13 years old has been allowed to become a registered user of Facebook, though variations exist in this requirement, depending on local laws.

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In March 2011, it was reported that Facebook was removing approximately 20,000 profiles every day for violations such as spam, graphic content, and underage use, as part of its efforts to boost cyber security. Finance website reported that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS), cut their earnings forecasts for the company in the middle of the IPO process.

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