Thursday, August 4, 2022

When Did Facebook Become Public

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A Brief History Of Facebook

How to Create a Public Figure Page on Facebook | Stacia Kennedy

Mark Zuckerberg, 23, founded Facebook while studying psychology at Harvard University. A keen computer programmer, Mr Zuckerberg had already developed a number of social-networking websites for fellow students, including Coursematch, which allowed users to view people taking their degree, and Facemash, where you could rate people’s attractiveness.

In February 2004 Mr Zuckerberg launched “The facebook”, as it was originally known the name taken from the sheets of paper distributed to freshmen, profiling students and staff. Within 24 hours, 1,200 Harvard students had signed up, and after one month, over half of the undergraduate population had a profile.

The network was promptly extended to other Boston universities, the Ivy League and eventually all US universities. It became .com in August 2005 after the address was purchased for $200,000. US high schools could sign up from September 2005, then it began to spread worldwide, reaching UK universities the following month.

As of September 2006, the network was extended beyond educational institutions to anyone with a registered email address. The site remains free to join, and makes a profit through advertising revenue. Yahoo and Google are among companies which have expressed interest in a buy-out, with rumoured figures of around $2bn being discussed. Mr Zuckerberg has so far refused to sell.

The case was dismissed due to a technicality in March 2007 but without a ruling.

Vertiv Becomes Public Company Begins Trading On Nyse

Vertiv Holdings Co. has begun trading on the New York Stock Exchange Monday after completing a $5.3 billion merger with GS Acquisition Holdings, a public company led by investor David Cote.

The completion of the transaction positions Vertiv as an investment vehicle squarely focused on the growth of data centers a rare pure play in the industrial equipment sector. Thats significant at a time when the worlds largest investors are targeting digital infrastructure, citing extraordinary demand for capital to fuel the shift to a data economy.

As weve met with potential investors over the past few months and shared our story, its clear there is an appetite in the market for a company like Vertiv that demonstrates superb leadership and growth capabilities on a global scale, said Cote, Executive Chairman of Vertivs Board of Directors. Im very pleased to be a part of the company and look forward to a bright future together.

The GSAH acquisition of Vertiv was announced in December, and approved by shareholders last Thursday. Shares of the renamed VRT closed Monday at $13.12, about 2 percent higher than Fridays close for shares of GSAH.

ROB JOHNSON, CEO of Vertiv

Together we have positioned Vertiv for its next chapter, and I couldnt ask for a better team to be with on this journey, said Johnson.

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