There are many uses for Facebook that individuals, community groups and businesses can benefit from: Facebook Live is a feature that enables individuals and businesses to stream live video to friends, family and followers.īillions of people around the world use Facebook daily to create and grow communities, personal interactions and revenue. This is an instant messenger that enables friends to communicate in real time via webchat or a mobile app. This is an online yard sale, where users can buy and sell goods and services with other Facebook members. It enables users to send out invites and help manage an attendee list. This feature enables users and groups to organize events that their followers can attend. This enables the sharing of information, images and active discussions. Communities of interest can organize themselves with the Facebook group feature. Among the early successes of games on Facebook was Zynga's FarmVille. Facebook provides an integrated capability enabling users to play games on their own or together with friends. Pages provide the ability for businesses to share information and communicate with customers. Pages are the profile and content pages for businesses on Facebook.

Users can like a given post or comment on it. News Feed enables users to view news from the connections and groups that they follow. The search interface helps users quickly find acquaintances and also suggests potential connections. A primary feature of Facebook is the ability to search for and connect with friends and family. The user timeline includes posts, status updates, friend listings, photos, videos and user activity information. Timeline is the successor to the Facebook wall, which was the original home for user profiles and updates. User profiles and updates are shown on what it known as the Timeline. Over time, different features expanded the scope of its capabilities: 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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