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The founders initially limited the website's membership to Harvard students.
Later they expanded it to higher education institutions in the Boston area, the Ivy League schools, and Stanford University.
A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.
(an exchange for privately held companies' shares), Facebook's value was billion.
Zuckerberg told the Crimson that "Everyone’s been talking a lot about a universal face book within Harvard.
Entertainment Weekly included the site on its end-of-the-decade "best-of" list saying, "How on earth did we stalk our exes, remember our co-workers' birthdays, bug our friends, and play a rousing game of Scrabulous before Facebook?
" 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.
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.
Microsoft's purchase included rights to place international advertisements on the social networking site.
Facebook has more than 2.2 billion monthly active users as of January 2018.