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Chan Zuckerberg Initiative

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San Francisco Foundation is a San Francisco Bay Area philanthropy organization. It is one of the largest community foundations in the United States. Its mission is to mobilize community leaders, nonprofits, government agencies, and donors to advance racial equity , diversity, and economic inclusion . It focuses on social justice, community building, access to affordable housing, political action, policy change, workers' rights, employment opportunity, and civic leadership. Its current CEO is Fred Blackwell Jr.

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76-449: The Chan Zuckerberg Initiative ( CZI ) is an organization established and owned by Facebook founder Mark Zuckerberg and his wife Priscilla Chan with an investment of 99 percent of the couple's wealth from their Facebook shares over their lifetime. The CZI is legally set up as a limited liability company (LLC) that can be seen as a for-profit charity and is an example of philanthrocapitalism . CZI has been deemed likely to be "one of

152-587: A US$ 1 billion suit was filed against the company alleging that it permitted Hamas to use it to perform assaults that cost the lives of four people. Facebook released its blueprints of Surround 360 camera on GitHub under an open-source license . In September, it won an Emmy for its animated short "Henry". In October, Facebook announced a fee-based communications tool called Workplace that aims to "connect everyone" at work. Users can create profiles, see updates from co-workers on their news feed, stream live videos and participate in secure group chats. Following

228-589: A 1.6% share of Facebook for $ 240 million ($ 353 million in 2023 dollars ), giving Facebook a total implied value of around $ 15 billion ($ 22 billion in 2023 dollars ). Microsoft's purchase included rights to place international advertisements. In May 2007, at the first f8 developers conference, Facebook announced the launch of the Facebook Developer Platform , providing a framework for software developers to create applications that interact with core Facebook features . By

304-697: A German social network that was alleged to be visually and functionally similar to Facebook. In October 2008, Facebook announced that its international headquarters would locate in Dublin , Ireland. A January 2009 Compete.com study ranked Facebook the most used social networking service by worldwide monthly active users . China blocked Facebook in 2009 following the Ürümqi riots . In 2009, Yuri Milner 's DST (which later split into DST Global and Mail.ru Group ), alongside Uzbek Russian metals magnate Alisher Usmanov , invested $ 200 million in Facebook when it

380-485: A PR firm that had originally been hired to monitor press coverage of the company to address concerns primarily regarding Russian meddling , then mishandling of user data by Cambridge Analytica , hate speech on Facebook, and calls for regulation. Company spokesman Tim Miller stated that a goal for tech firms should be to "have positive content pushed out about your company and negative content that's being pushed out about your competitor". Definers claimed that George Soros

456-606: A Q&A session at Tsinghua University in Beijing , China , on October 23, where he attempted to converse in Mandarin. Zuckerberg hosted visiting Chinese politician Lu Wei , known as the "Internet czar" for his influence in China's online policy, on December 8. As of 2015 , Facebook's algorithm was revised in an attempt to filter out false or misleading content, such as fake news stories and hoaxes. It relied on users who flag

532-484: A dating platform, end-to-end encryption on its platforms, and allowing users on Messenger to communicate directly with WhatsApp and Instagram users. On July 31, 2019, Facebook announced a partnership with University of California, San Francisco to build a non-invasive, wearable device that lets people type by simply imagining themselves talking. On August 13, 2019, it was revealed that Facebook had enlisted hundreds of contractors to create and obtain transcripts of

608-399: A profile revealing personal information about themselves. They can post text, photos and multimedia which are shared with any other users who have agreed to be their friend or, with different privacy settings , publicly. Users can also communicate directly with each other with Messenger , join common-interest groups, and receive notifications on the activities of their Facebook friends and

684-408: A radical Islamist imam believed to be the mastermind behind the 2019 Sri Lanka Easter bombings , preached on a pro- ISIL Facebook account, known as "Al-Ghuraba" media. On May 2, 2019, at F8, the company announced its new vision with the tagline "the future is private". A redesign of the website and mobile app was introduced, dubbed as "FB5". The event also featured plans for improving groups,

760-436: A share price of US$ 38 ($ 50.00 in 2023 dollars ). The company was valued at $ 104 billion ($ 138 billion in 2023 dollars ), the largest valuation to that date. The IPO raised $ 16 billion ($ 21.2 billion in 2023 dollars ), the third-largest in U.S. history, after Visa Inc. in 2008 and AT&T Wireless in 2000. Based on its 2012 income of $ 5 billion ($ 6.64 billion in 2023 dollars ), Facebook joined

836-405: A six-month cycle, Facebook committed to work with ten to 15 data-driven startups there. On April 18, Facebook announced the beta launch of Facebook Spaces at its annual F8 developer conference. Facebook Spaces is a virtual reality version of Facebook for Oculus VR goggles. In a virtual and shared space, users can access a curated selection of 360-degree photos and videos using their avatar, with

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912-638: A startup focused on training software developers in Africa through a boot camp and four-year fellowship program that pairs their trainees with U.S. companies needing development help. The Chan Zuckerberg Initiative led the company's Series B funding. In September 2016, Indian education startup Byju's 's announced raising $ 50 million in a round co-led by The Chan Zuckerberg Initiative and Sequoia Capital , along with investors Sofina , Lightspeed Venture Partners , and Times Internet . The funding has been raised to fuel their international expansion. On 6 March 2018,

988-521: A story accordingly. Facebook maintained that satirical content should not be intercepted. The algorithm was accused of maintaining a " filter bubble ", where material the user disagrees with and posts with few likes would be deprioritized. In November, Facebook extended paternity leave from 4 weeks to 4 months. On April 12, 2016, Zuckerberg outlined his 10-year vision, which rested on three main pillars: artificial intelligence , increased global connectivity, and virtual and augmented reality . In July,

1064-849: A subsidiary named Lianshu Science & Technology in Hangzhou City , China, with $ 30 million ($ 36.4 million in 2023 dollars ) of capital. All its shares are held by Facebook Hong. Approval of the registration of the subsidiary was then withdrawn, due to a disagreement between officials in Zhejiang province and the Cyberspace Administration of China . On July 26, Facebook became the first company to lose over $ 100 billion ($ 121 billion in 2023 dollars ) worth of market capitalization in one day, dropping from nearly $ 630 billion to $ 510 billion after disappointing sales reports. On July 31, Facebook said that

1140-581: A total of $ 178 million in contributions and bequests. Its total grants issued were $ 166 million. San Francisco Foundation works with various partners in several affiliated organizations that advance the foundation's agenda: ReWork the Bay, Great Communities Collaborative, HOPE SF, Keep Oakland Housed, Partnership for the Bay's Future, and Oakland Codes. San Francisco Foundation issues awards and scholarships to youth and artists to promote leadership, support disadvantaged community members, and foster artistic growth:

1216-597: A website he shared with his classmates. A " face book " is a student directory featuring photos and personal information. In 2003, Harvard had only a paper version along with private online directories. Zuckerberg told The Harvard Crimson , "Everyone's been talking a lot about a universal face book within Harvard. ... I think it's kind of silly that it would take the University a couple of years to get around to it. I can do it better than they can, and I can do it in

1292-511: A week." In January 2004, Zuckerberg coded a new website, known as "TheFacebook", inspired by a Crimson editorial about Facemash, stating, "It is clear that the technology needed to create a centralized Website is readily available ... the benefits are many." Zuckerberg met with Harvard student Eduardo Saverin , and each of them agreed to invest $ 1,000 ($ 1,613 in 2023 dollars ) in the site. On February 4, 2004, Zuckerberg launched "TheFacebook", originally located at thefacebook.com. Six days after

1368-615: Is a social media and social networking service owned by American technology conglomerate Meta . Created in 2004 by Mark Zuckerberg with four other Harvard College students and roommates Eduardo Saverin , Andrew McCollum , Dustin Moskovitz , and Chris Hughes , its name derives from the face book directories often given to American university students. Membership was initially limited to Harvard students, gradually expanding to other North American universities. Since 2006, Facebook allows everyone to register from 13 years old, except in

1444-690: Is not one thing that's going to solve everything." In May 2022, the Chan Zuckerberg initiative announced grants totaling more than $ 4 million in support of education communities. The grants will support a range of professional learning, mentoring, and wellness practices to support teacher retention. The grants include $ 1 million donations to FuelED, The Teacher Well, Profound Gentlemen, and $ 500,000 to Profound Ladies and Black Male Educators Alliance of Michigan. The Chan Zuckerberg Initiative, in partnership with The San Francisco Foundation and other philanthropic, business, and health organizations, created

1520-435: Is supporting the development of a civic tech talent pipeline by funding Coding it Forward . The Initiative has funded a free online learning platform, Summit Learning, that is based on a personalized learning philosophy. The use of the platform in some schools has led to concerns about efficacy and student privacy. The Chan Zuckerberg Initiative has funded a number of small-scale, grassroots initiatives to better understand

1596-461: The 2016 U.S. presidential election , Facebook announced that it would combat fake news by using fact checkers from sites like FactCheck.org and Associated Press (AP), making reporting hoaxes easier through crowdsourcing, and disrupting financial incentives for abusers. On January 17, 2017, Facebook COO Sheryl Sandberg planned to open Station F, a startup incubator campus in Paris , France . On

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1672-731: The COVID-19 outbreak in 2020. The organization has contributed multiple grants to various universities and partnerships studying how the coronavirus spreads and possible treatments or vaccines. The Chan Zuckerberg Biohub partnered with Stanford and UCSF to help to significantly increase free testing in the Bay Area starting in March 2020. In April 2020, CZI joined the Government of the United Kingdom and Madonna in pledging funding for

1748-926: The Fortune 500 list for the first time in May 2013, ranked 462. The shares set a first-day record for trading volume of an IPO (460 million shares). The IPO was controversial given the immediate price declines that followed, and was the subject of lawsuits, while SEC and FINRA both launched investigations. Zuckerberg announced at the start of October 2012 that Facebook had one billion monthly active users, including 600 million mobile users, 219 billion photo uploads and 140 billion friend connections. On October 1, 2012, Zuckerberg visited Russian Prime Minister Dmitry Medvedev in Moscow to stimulate social media innovation in Russia and to boost Facebook's position in

1824-603: The Huffington Post reported that Facebook's PR agency had paid someone to tweak Facebook COO Sheryl Sandberg 's Misplaced Pages page, as well as adding a page for the global head of PR, Caryn Marooney. In March 2019, the perpetrator of the Christchurch mosque shootings in New Zealand used Facebook to stream live footage of the attack as it unfolded. Facebook took 29 minutes to detect the livestreamed video, which

1900-578: The United States to foster "global participation in open biomedical research". The Chan Zuckerberg Initiative is not a charitable trust or a private foundation but a limited liability company , and is therefore not a tax-exempt organization as many philanthropies are. As an LLC, the organization has more flexibility in how it addresses its goals, and can invest in for-profit startup companies, can spend money on advocacy initiatives and lobbying, can make political donations, does not have to disclose

1976-640: The United States . This new application allows users to integrate their Instagram posts in their dating profile. The San Francisco Foundation On January 16, 1948, the San Francisco Foundation officially launched with a luncheon at the Sir Francis Drake Hotel just off of San Francisco's Union Square. The foundation was created by Marjorie de Young Elkus of the Columbia Foundation, Leslie Ganyard of

2052-486: The second annual f8 developers conference on July 23, 2008, the number of applications on the platform had grown to 33,000, and the number of registered developers had exceeded 400,000. The website won awards such as placement into the "Top 100 Classic Websites" by PC Magazine in 2007, and winning the "People's Voice Award" from the Webby Awards in 2008. In early 2008, Facebook became EBITDA profitable, but

2128-471: The "physical, mental, social and emotional health and development of students as a way to improve academic success," as well as new efforts to make Native American or Black culture more embedded in students' curriculums. Chan said, "We have to be really thoughtful about how we can be helpful and build a collective community alongside others and behind practitioners and school leaders," and that educational initiatives must be responsive to local needs because "there

2204-470: The Bay Area Leads Fund; Koshland Civic Unity Program; Multicultural Fellowship Program; Womxn of Color, Womxn of Power Program; Rapid Response Fund for Movement Building; FAITHS (Foundation Alliance with Interfaith to Heal Society); Artistic Hubs Cohort; and Bay Area Community Impact Fund. As of the end of fiscal year 2021, the foundation's total assets under management were $ 1.9 billion, with

2280-675: The COVID-19 Therapeutics Accelerator, a public-private partnership led by the Bill & Melinda Gates Foundation , Wellcome Trust and Mastercard . The Chan Zuckerberg Biohub announced in July 2020 that it would partner with all 58 California county departments of public health to provide free genomic sequencing of positive coronavirus samples to better understand how the virus is spreading and inform policy decisions. The Chan Zuckerberg Initiative has also invested in

2356-473: The CZI announced a restructuring that would no longer fund political campaigns directly. In September 2016, CZI announced its new science program, Chan Zuckerberg Science, with $ 3 billion in investment over the next decade, with Cornelia Bargmann of Rockefeller University announced as the first president of science, to begin 1 October 2016. The goal of the program is to help cure, manage, or prevent all disease by

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2432-610: The Chan Zuckerberg Initiative is to "build a more inclusive, just, and healthy future for everyone" and to "advance human potential and promote equality in areas such as health, education, scientific research and energy". In 2017, the Chan Zuckerberg Initiative pre-leased a 102,079 square foot portion of the new Broadway Station development in downtown Redwood City, California where it is headquartered. The Chan Zuckerberg Initiative invested $ 24 million in Andela ,

2508-730: The Digital Forensic Research Lab Facebook partners with the Atlantic Council , a NATO -affiliated think tank. In November, Facebook launched smart displays branded Portal and Portal Plus (Portal+). They support Amazon 's Alexa (intelligent personal assistant service). The devices include video chat function with Facebook Messenger. In August 2018, a lawsuit was filed in Oakland, California claiming that Facebook created fake accounts in order to inflate its user data and appeal to advertisers in

2584-558: The Harvard Gazette published that the Chan Zuckerberg Initiative would pledge $ 30 million to the Reach Every Reader project. Both Harvard's President Drew Faust and MIT's President L. Rafael Reif were quoted in the article, as were Priscilla Chan, HGSE Dean James E. Ryan, and MIT's Sanjay Sarma , VP for Open Learning at MIT, and others. The article states: "To make significant progress in early literacy at scale,

2660-497: The Partnership for the Bay's Future in 2019 to "preserve, produce, and protect affordable housing". The Partnership includes a $ 500+ million fund for subsidized affordable housing units in the Bay Area, as well as grants for local governments and community organizations to work together to pass local housing legislation that protects tenants and promotes affordability. On 1 October 2018, The Chan Zuckerberg Initiative announced it

2736-680: The Rosenberg Foundation, and Daniel E. Koshland Sr. of Levi Strauss & Co, who served as the foundation's first chairman. The foundation was established to provide the community with “a contemporary agency sensitive to current social needs, and one which will help build a future which will magnify the opportunities of generations yet to be born,” according to the foundation's inaugural press release. San Francisco Foundation manages and administers grants, programs, and funds that help to support its agenda of racial equity, diversity, and economic inclusion. These programs and funds include

2812-522: The Russian market. On January 15, 2013, Facebook announced Facebook Graph Search , which provides users with a "precise answer", rather than a link to an answer by leveraging data present on its site. Facebook emphasized that the feature would be "privacy-aware", returning results only from content already shared with the user. On April 3, 2013, Facebook unveiled Facebook Home , a user-interface layer for Android devices offering greater integration with

2888-523: The United States and Canada . In mid-2004, Napster co-founder and entrepreneur Sean Parker —an informal advisor to Zuckerberg—became company president. In June 2004, the company moved to Palo Alto, California . Sean Parker called Reid Hoffman to fund Facebook. However, Reid Hoffman was too busy launching LinkedIn so he set Facebook up with PayPal co-founder Peter Thiel , who gave Facebook its first investment later that month. In 2005,

2964-645: The acquisition of Meta , a Toronto-based artificial intelligence scientific literature search engine that helps scientists collaborate on solutions and accelerates the dissemination of new scientific research. On October 28, 2021, CZI announced the sunset of Meta, with a proposed shutdown date of March 31, 2022. The Chan Zuckerberg Initiative was a founding sponsor of the Vector Institute for Artificial Intelligence at Toronto 's MaRS Discovery District in March 2017. The Chan Zuckerberg Initiative invested heavily in coronavirus research and response following

3040-543: The acquisition of FB.com one of the ten highest domain sales in history. In February 2011, Facebook announced plans to move its headquarters to the former Sun Microsystems campus in Menlo Park, California. In March 2011, it was reported that Facebook was removing about 20,000 profiles daily for violations such as spam , graphic content and underage use, as part of its efforts to boost cyber security . Statistics showed that Facebook reached one trillion page views in

3116-414: The audio messages of users. This was especially common of Facebook Messenger, where the contractors frequently listened to and transcribed voice messages of users. After this was first reported on by Bloomberg News , Facebook released a statement confirming the report to be true, but also stated that the monitoring program was now suspended. On September 5, 2019, Facebook launched Facebook Dating in

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3192-522: The case of a handful of nations, where the age limit is 14 years. As of December 2022 , Facebook claimed almost 3 billion monthly active users. As of October 2023, Facebook ranked as the third-most-visited website in the world , with 22.56% of its traffic coming from the United States. It was the most downloaded mobile app of the 2010s. Facebook can be accessed from devices with Internet connectivity, such as personal computers , tablets and smartphones . After registering, users can create

3268-416: The company dropped "the" from its name after purchasing the domain name Facebook.com for US$ 200,000 ($ 312,012 in 2023 dollars ). The domain had belonged to AboutFace Corporation. In May 2005, Accel Partners invested $ 12.7 million ($ 19.8 million in 2023 dollars ) in Facebook, and Jim Breyer added $ 1 million ($ 1.56 million in 2023 dollars ) of his own money. A high-school version of

3344-545: The company had deleted 17 accounts related to the 2018 U.S. midterm elections . On September 19, Facebook announced that, for news distribution outside the United States, it would work with U.S. funded democracy promotion organizations, International Republican Institute and the National Democratic Institute , which are loosely affiliated with the Republican and Democratic parties. Through

3420-430: The developing world. The company celebrated its 10th anniversary during the week of February 3, 2014. In January 2014, over one billion users connected via a mobile device. As of June, mobile accounted for 62% of advertising revenue, an increase of 21% from the previous year. By September Facebook's market capitalization had exceeded $ 200 billion ($ 257 billion in 2023 dollars ). Zuckerberg participated in

3496-501: The development and maintenance of open-source scientific software , with a pledge of US$ 40 million over 3 years for its Essential Open Source Software for Science (EOSS) program. CZI's Open Science program also supports the preprint servers medRxiv and BioRxiv ." Grants included support to projects such as ScientificPython and the visualization library matplotlib . Besides directly funding projects, CZI's Open Science division organizes workshops with grantees and stakeholders outside

3572-517: The edge of the box. Following a campaign by 100 advocacy groups, Facebook agreed to update its policy on hate speech. The campaign highlighted content promoting domestic violence and sexual violence against women and led 15 advertisers to withdraw, including Nissan UK, House of Burlesque, and Nationwide UK. The company initially stated, "while it may be vulgar and offensive, distasteful content on its own does not violate our policies". It took action on May 29. On June 12, Facebook announced that it

3648-412: The failed campaign for the 2020 California Proposition 15 , which would have adjusted the original 1978 California Proposition 13 by raising large commercial property taxes. In addition, the Chan Zuckerberg Initiative opposed the failed 2020 California Proposition 20 , a measure which would have led to stricter sentencing and parole laws. Following electoral defeats of CZI-backed initiatives in 2020,

3724-471: The month of June 2011, making it the most visited website tracked by DoubleClick . According to a Nielsen study, Facebook had in 2011 become the second-most accessed website in the U.S. behind Google . In March 2012, Facebook announced App Center, a store selling applications that operate via the website. The store was to be available on iPhones , Android devices, and for mobile web users. Facebook's initial public offering came on May 17, 2012, at

3800-685: The most well-funded Philanthropies in human history". Chan and Zuckerberg announced its creation on 1 December 2015, to coincide with the birth of their first child. Priscilla Chan has said that her background as a child of immigrant refugees and experience as a teacher and pediatrician for vulnerable children influences how she approaches the philanthropy's work in science, education, immigration reform, housing, criminal justice, and other local issues. The Chan Zuckerberg Initiative's main areas of work include Science, Education, and Justice and Opportunity, which focuses on promoting housing affordability, criminal justice reform, and immigration reform. The mission of

3876-436: The most widely shared political content on Facebook. In May 2018 at F8 , the company announced it would offer its own dating service. Shares in competitor Match Group fell by 22%. Facebook Dating includes privacy features and friends are unable to view their friends' dating profile. In July, Facebook was charged £500,000 by UK watchdogs for failing to respond to data erasure requests. On July 18, Facebook established

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3952-552: The move as audacious but a worthwhile goal, while noting that the amount of funding is small relative to overall money spent on biomedical research. This funding is equal to roughly 2% of the NIH budget earmarked for basic research over the same time frame. Any patents generated at Biohub would be jointly owned by Biohub and the discoverer's home institution. The Chan Zuckerberg Initiative's first acquisition took place in January 2017 with

4028-532: The next-highest county, New York County (better known as Manhattan ), at roughly $ 110,000 a year ($ 145,986 in 2023 dollars ). Facebook joined Alliance for Affordable Internet (A4AI) in October, as it launched. The A4AI is a coalition of public and private organizations that includes Google , Intel and Microsoft. Led by Sir Tim Berners-Lee , the A4AI seeks to make Internet access more affordable to ease access in

4104-642: The pages they follow. The subject of numerous controversies , Facebook has often been criticized over issues such as user privacy (as with the Cambridge Analytica data scandal ), political manipulation (as with the 2016 U.S. elections ) and mass surveillance. Facebook has also been subject to criticism over psychological effects such as addiction and low self-esteem , and various controversies over content such as fake news , conspiracy theories , copyright infringement , and hate speech . Commentators have accused Facebook of willingly facilitating

4180-493: The pay of its top five executives and has fewer other transparency requirements compared to a charitable trust. Under this legal structure, as Forbes wrote it, "Zuckerberg will still control the Facebook shares owned by the Chan Zuckerberg Initiative". The Chan Zuckerberg Initiative publicly lists its grants, a level of transparency not required for an LLC. It has pledged to release software developed by it or its grantees under open-source licenses. Facebook Facebook

4256-414: The process. In January 2019, the 10-year challenge was started asking users to post a photograph of themselves from 10 years ago (2009) and a more recent photo. Criticized for its role in vaccine hesitancy , Facebook announced in March 2019 that it would provide users with "authoritative information" on the topic of vaccines. A study published in the journal Vaccine of advertisements posted in

4332-622: The site launched in September 2005. Eligibility expanded to include employees of several companies, including Apple Inc. and Microsoft . In May 2006, Facebook hired its first intern, Julie Zhuo . After a month, Zhuo was hired as a full-time engineer. On September 26, 2006, Facebook opened to everyone at least 13 years old with a valid email address . By late 2007, Facebook had 100,000 pages on which companies promoted themselves. Organization pages began rolling out in May 2009. On October 24, 2007, Microsoft announced that it had purchased

4408-635: The site launched, Harvard seniors Cameron Winklevoss , Tyler Winklevoss , and Divya Narendra accused Zuckerberg of intentionally misleading them into believing that he would help them build a social network called HarvardConnection.com . They claimed that he was instead using their ideas to build a competing product. The three complained to the Crimson and the newspaper began an investigation. They later sued Zuckerberg, settling in 2008 for 1.2 million shares (worth $ 300 million at Facebook's IPO , or $ 398 million in 2023 dollars ). Membership

4484-489: The site. HTC announced HTC First , a phone with Home pre-loaded. On April 15, 2013, Facebook announced an alliance across 19 states with the National Association of Attorneys General, to provide teenagers and parents with information on tools to manage social networking profiles. On April 19 Facebook modified its logo to remove the faint blue line at the bottom of the "F" icon. The letter F moved closer to

4560-486: The spread of such content, as well as exaggerating its number of users to appeal to advertisers. Zuckerberg built a website called "Facemash" in 2003 while attending Harvard University . The site was comparable to Hot or Not and used "photos compiled from the online face books of nine Houses, placing two next to each other at a time and asking users to choose the 'hotter' person". Facemash attracted 450 visitors and 22,000 photo-views in its first four hours. The site

4636-444: The support of the controller. Users can access their own photos and videos, along with media shared on their newsfeed. In September, Facebook announced it would spend up to US$ 1 billion on original shows for its Facebook Watch platform. On October 16, it acquired the anonymous compliment app tbh , announcing its intention to leave the app independent. In October 2017, Facebook expanded its work with Definers Public Affairs ,

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4712-399: The team will engage in a rigorous, scientific approach to personalized diagnosis and intervention. They will develop and test a scalable, web-based screening tool for reading difficulties that diagnoses the underlying causes, and a set of targeted home/school interventions that change the way we approach intervention for young children with reading difficulties." The Chan Zuckerberg Initiative

4788-462: The third year in a row. The company announced 500 million users in July 2010. Half of the site's membership used Facebook daily, for an average of 34 minutes, while 150 million users accessed the site from mobile devices. A company representative called the milestone a "quiet revolution". In October 2010 groups were introduced. In November 2010, based on SecondMarket Inc. (an exchange for privately held companies' shares), Facebook's value

4864-466: The three months prior to that found that 54% of the anti-vaccine advertisements on Facebook were placed by just two organisations funded by well-known anti-vaccination activists. The Children's Health Defense / World Mercury Project chaired by Robert F. Kennedy Jr. and Stop Mandatory Vaccination , run by campaigner Larry Cook, posted 54% of the advertisements. The ads often linked to commercial products, such as natural remedies and books. On March 14,

4940-557: The year 2100. $ 600 million of the $ 3 billion would be spent on Biohub , a location in San Francisco's Mission Bay District near the University of California, San Francisco , to allow for easy interaction and collaboration between scientists at University of California, San Francisco ; University of California, Berkeley ; Stanford University ; and other universities in the area, as well as engineers and others. Commentators saw

5016-619: Was $ 41 billion ($ 57.3 billion in 2023 dollars ). The company had slightly surpassed eBay to become the third largest American web company after Google and Amazon.com . On November 15, 2010, Facebook announced it had acquired the domain name fb.com from the American Farm Bureau Federation for an undisclosed amount. On January 11, 2011, the Farm Bureau disclosed $ 8.5 million ($ 11.5 million in 2023 dollars ) in "domain sales income", making

5092-457: Was eight minutes longer than it took police to arrest the gunman. About 1.3m copies of the video were blocked from Facebook but 300,000 copies were published and shared. Facebook has promised changes to its platform; spokesman Simon Dilner told Radio New Zealand that it could have done a better job. Several companies, including the ANZ and ASB banks, have stopped advertising on Facebook after the company

5168-474: Was helping to launch Opportunity Insights, a new non-partisan, not-for-profit research and policy institute focused on improving economic opportunity led by Raj Chetty, John Friedman, and Nathaniel Hendren, leading economists from Harvard University and Brown University. The research aims to "better understand the drivers of poverty as well as solutions that can foster greater economic mobility and security for more families". The Chan Zuckerberg Initiative supported

5244-444: Was initially restricted to students of Harvard College . Within a month, more than half the undergraduates had registered. Dustin Moskovitz , Andrew McCollum , and Chris Hughes joined Zuckerberg to help manage the growth of the website. In March 2004, Facebook expanded to Columbia , Stanford and Yale . It then became available to all Ivy League colleges, Boston University , NYU , MIT , and successively most universities in

5320-446: Was introducing clickable hashtags to help users follow trending discussions, or search what others are talking about on a topic. San Mateo County , California, became the top wage-earning county in the country after the fourth quarter of 2012 because of Facebook. The Bureau of Labor Statistics reported that the average salary was 107% higher than the previous year, at $ 168,000 a year ($ 222,961 in 2023 dollars ), more than 50% higher than

5396-407: Was not cash flow positive yet. On July 20, 2008, Facebook introduced "Facebook Beta", a significant redesign of its user interface on selected networks. The Mini-Feed and Wall were consolidated, profiles were separated into tabbed sections, and an effort was made to create a cleaner look. Facebook began migrating users to the new version in September 2008. In July 2008, Facebook sued StudiVZ ,

5472-495: Was reportedly unaware at the time. In May 2009, Zuckerberg said of the $ 200 million Russian investment, "This investment is purely buffer for us. It is not something we needed to get to cash flow positive." In September 2009, Facebook became cash flow positive ahead of schedule after closing a roughly $ 200 million gap in operating profitability. In 2010, Facebook won the Crunchie "Best Overall Startup Or Product" award for

5548-421: Was sent to several campus group listservs , but was shut down a few days later by Harvard administration. Zuckerberg faced expulsion and was charged with breaching security, violating copyrights and violating individual privacy. Ultimately, the charges were dropped. Zuckerberg expanded on this project that semester by creating a social study tool. He uploaded art images, each accompanied by a comments section, to

5624-453: Was the force behind what appeared to be a broad anti-Facebook movement, and created other negative media, along with America Rising , that was picked up by larger media organisations like Breitbart News . Facebook cut ties with the agency in late 2018, following public outcry over their association. Posts originating from the Facebook page of Breitbart News , a media organization previously affiliated with Cambridge Analytica, were among

5700-646: Was valued at $ 10 billion. A separate stake was also acquired by Usmanov's USM Holdings on another occasion. According to the New York Times in 2013, "Mr. Usmanov and other Russian investors at one point owned nearly 10 percent of Facebook, though precise details of their ownership stakes are difficult to assess." It was later revealed in 2017 by the Paradise Papers that lending by Russian state-backed VTB Bank and Gazprom 's investment vehicle partially financed these 2009 investments, although Milner

5776-618: Was widely condemned by the public. Following the attack, Facebook began blocking white nationalist , white supremacist , and white separatist content, saying that they could not be meaningfully separated. Previously, Facebook had only blocked overtly supremacist content. The older policy had been condemned by civil rights groups, who described these movements as functionally indistinct. Further bans were made in mid-April 2019, banning several British far-right organizations and associated individuals from Facebook, and also banning praise or support for them. NTJ 's member Moulavi Zahran Hashim,

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