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It was believed that adjustments to earnings estimates were communicated to the underwriters by a Facebook financial officer, who used the information to cash out on their positions while leaving the general public with overpriced shares.
On April 3, 2013, Facebook unveiled Facebook Home, a user-interface layer for Android devices offering greater integration with the site.
Zuckerberg wrote a program called "Facemash" in 2003 while attending Harvard University as a sophomore (second year student).
According to The Harvard Crimson, the site was comparable to Hot or Not and used "photos compiled from the online facebooks of nine Houses, placing two next to each other at a time and asking users to choose the “hotter” person".
" 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.He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes.Zuckerberg told the Crimson that "Everyone’s been talking a lot about a universal face book within Harvard.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.
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The company held its initial public offering (IPO) in February 2012, and began selling stock to the public three months later, reaching an original peak market capitalization of $104 billion, a new record.