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Facebook History and Facts By Simon Hooper of CNN Mark Zuckerberg was 19 when he launched Facebook from a Harvard dorm in 2004. Five years on, the Web site claims more than 150 million users worldwide while Zuckerberg, now 24, was named the youngest billionaire on the planet — with an estimated fortune of $1.5 billion — last year by Forbes magazine. Meanwhile, Web sites such as Facebook were widely credited with helping Barack Obama secure victory in last year’s U.S. presidential election by helping him connect via the Internet with younger, previously disengaged voters. In a blog published Wednesday to mark Facebook’s birthday, Zuckerberg said the site offered a way of making the world more open and giving people a voice to “express ideas and initiate change.” Yet questions still remain about the finances behind Facebook’s remarkable expansion. The company has attracted more than $200 million in investment from venture capitalists while in 2006 it rejected a reputed $1 billion bid from Yahoo! In 2007 Microsoft paid $250 million for a 1.6 percent share, a figure that gave Facebook a total projected value of some $15 billion. Yet in an industry prone to short term fads and rapid evolution, Mark Zuckerberg said Wednesday he remained committed to making sure that Facebook remained as relevant in the future. This intel first appeared on: http://www.cnn.com/2009/TECH/02/04/facebook.anniversary/index.html&...

Contributed by jimmierock on February 7, 2009, at 9:38 AM UTC.

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