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In the summer of 2004, venture capitalist Peter Thiel made a $500,001 angel investment in the social network Facebook for 10.2% of the company and joined Facebook's board. This was the first outside investment in Facebook. [249] [250] [251]
Facebook was one of the first large-scale social networks. In The Facebook Effect, David Kirkpatrick said that Facebook's structure makes it difficult to replace, because of its "network effects". [citation needed] As of 2016, it was estimated 44% of Americans get news through Facebook. [441]
At $26.81 per share, which Facebook closed at a week after its IPO, Facebook was valued like "an ultra-growth company," according to Robert Leclerc of the Financial Post. Its PE ratio was 85, despite a decline in both earnings and revenue in the first quarter of 2012. [26]
President Barack Obama has finally gotten a Facebook page, and he's not just using it to check in at the United Nations. In his first Facebook post, the Commander in Chief addresses one of the ...
Decade Description 1970s–1980s The PLATO system (developed at the University of Illinois and subsequently commercially marketed by Control Data Corporation) offers early forms of social media with Notes, PLATO's message-forum application; TERM-talk, its instant-messaging feature; Talkomatic, perhaps the first online chat room; News Report, a crowd-sourced online newspaper, and blog; and ...
A post shared on Facebook claims Tesla CEO and owner of X, Elon Musk, purportedly said the Boeing Starliner astronauts are “not with us anymore.” Verdict: False There is no evidence suggesting ...
Meta Platforms, Inc., [9] doing business as Meta, [10] and formerly named Facebook, Inc., and TheFacebook, Inc., [11] [12] is an American multinational technology conglomerate based in Menlo Park, California.
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