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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.

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Established news sites said their web traffic declined, adding that more bogus stories were shared instead.

Facebook is an American online social media and social networking service based in Menlo Park, California.

Facebook makes most of its revenue from advertisements which appear onscreen.

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

Additionally, users may join common-interest user groups organized by workplace, school, hobbies or other topics, and categorize their friends into lists such as "People From Work" or "Close Friends".

Additionally, users can complain about or block unpleasant people.

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 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.

The Facebook name comes from the face book directories often given to United States university students.

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.

These started as group pages, but a new concept called company pages was planned.