Pacing towards FB 3yr implied val $15Billsee time line after hi-lite and notice AFTER FB launched the mobile app they jumped to 50million users...match the timeline of users after reading this paragraph...we seem to be about Dec 2006 where FB had 12million active users HOWEVER they jumped to 50million in 10months and this statement was the NR of the day....
On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million, giving Facebook a total implied value of around $15 billion.
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FB time table from inception 2004 to 2007
2007
- November
Facebook launches Facebook Ads
- October
Facebook reaches over 50 million active users
Facebook launches Facebook Platform for Mobile
Facebook and Microsoft expand advertising deal to cover international markets; Microsoft takes a $240 million equity stake in Facebook
- July
Facebook acquires startup Parakey
- May
Facebook launches Marketplace application for classified listings
Facebook hosts F8 event to launch Facebook Platform
Facebook Platform launches with 65 developer partners and over 85 applications
- April
Facebook reaches 20 million active users
Facebook updates site design and adds network portals
- March
Facebook reaches over 2 million active Canadian users and 1 million active UK users
- February
Virtual gift shop launches as a feature
2006
- December
Facebook reaches more than 12 million active users
- November
Share feature added on Facebook, simultaneously launched on over 20 partner sites
- September
News Feed and Mini-Feed are introduced with additional privacy controls
Facebook expands registration so anyone can join
- August
Facebook development platform launches
Notes application is introduced
Facebook and Microsoft form strategic relationship for banner ad syndication
- May
Facebook expands to add work networks
- April
Facebook raises $27.5 million from Greylock Partners, Meritech Capital Partners and others
Facebook Mobile feature launches
2005
- December
Facebook reaches more than 5.5 million active users
- October
Photos is added as an application
Facebook begins to add international school networks
- September
Facebook expands to add high school networks
- August
The company officially changes its name to Facebook from thefacebook.com
- May
Facebook raises $12.7 million in venture capital from Accel Partners;
Facebook grows to support more than 800 college networks
2004
- December
Facebook reaches nearly 1 million active users
- September
Groups application is added; the Wall is added as a Profile feature
- June
Facebook moves its base of operations to Palo Alto, Calif.
- March
Facebook expands from Harvard to Stanford, Columbia and Yale
- February
Mark Zuckerberg and co-founders Dustin Moskovitz, Chris Hughes and Eduardo Saverin launch Facebook from their Harvard dorm room