Facebook's Birthday 2024 (US): IPO Success, Fundraising and Much More

Facebook’s Birthday 2024 (US): Mark Zuckerberg, the platform’s creator, started a tradition in 2004 of commemorating Facebook’s founding on February 4th each year. With nearly three billion users worldwide, Facebook has redefined social interaction and advertising globally. Originating in the United States, Facebook relies solely on advertising revenue, remaining free to its users.

The Genesis of Facebook’s Birthday

Facebook’s roots trace back to 2004, when Zuckerberg, inspired by his previous venture, Facemash, launched the platform at Harvard University. Initially intended for social networking among students, Facebook quickly expanded to other prestigious universities like Yale and Stanford, amassing 25,000 users by mid-2004. MasterCard’s early partnership marked a milestone as Facebook reached one million users, introducing features like the Facebook wall and photo tagging.

By the end of 2006, Facebook boasted six million monthly active users, setting the stage for its global expansion. The platform’s credibility stems from its commitment to authentic user profiles, which attracts advertisers eager to tap into its growing user base. Facebook’s public offering in 2012 raised $16 billion, solidifying its status as a social media giant. Recently, Facebook’s parent company rebranded as Meta.