Key Facebook featuresįacebook started out as a community where users shared information about themselves and different topics. This would meld social networking, VR and augmented reality components to create new types of user interactions and experiences.
With Meta, the idea is to create and enable the metaverse. Facebook later got into virtual reality (VR) hardware with its acquisition of Oculus VR in 2014 for $2 billion. Facebook then acquired WhatsApp for $19 billion in 2014. In 2012, Facebook acquired social networking site Instagram for $1 billion. 1, 2021, Facebook trades under the symbol MVRS.įacebook is only one of several technologies that Meta operates. Facebook had its initial public offering on May 18, 2012, on the Nasdaq stock exchange trading under the symbol FB. These items are shared with friends, family and communities of interest.įacebook is more than just a social networking platform it's also a business. Users post information, status updates and pictures of themselves on social networks. Other social networks that were active at the time Facebook was created were Friendster, which was launched in 2002, and MySpace, which was launched in 2003. The concept of a social network was a nascent one in 2004 and not entirely unique. It eventually became a social network for anyone, anywhere in the world. It was initially a social network for Harvard and expanded in the following years to any university. The idea behind Facebook was to provide an online book of faces for university students to connect and share information. Facebook is a social networking website that was founded in February 2004 by Harvard University students Chris Hughes, Andrew McCollum, Dustin Moskovitz, Eduardo Saverin and Mark Zuckerberg.
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