Facebook is a social networking service launched in February 2004, owned and operated by Facebook. It was founded by Mark Zuckerberg with his college roommates and a Harvard University student Eduardo Saverin. The website's membership was initially limited by the founders to Harvard students, but was expanded to other colleges in the Boston area, and gradually expanded to most universities in Canada and the United States, corporations. Finally on September 2006, it expanded so everyone of age 13 and older could make an account with a valid email address.
Facebook was originally called theFacebook. Mark Zuckerberg had said in an article, that he was inspired to make Facebook from the incident of Facemash (Facemash was set up as a type of “hot or not” game for Harvard students. The website allowed visitors to compare two student pictures side-by-side and let them choose who was “hot” and who was “not”): "It is clear that the technology needed to create a centralized Website is readily available ... the benefits are many." Within twenty-four hours of setting up the site, they had “somewhere between twelve hundred and fifteen hundred registrants.”
Membership was initially restricted to students of Harvard University. Within the first month, more than half the student population at Harvard was registered on the service. Zuckerberg was soon joined in the promotion of the site by Eduardo Saverin (business aspects), Dustin Moskovitz (programmer), Andrew McCollum (graphic artist), and Chris Hughes. In March 2004, Facebook expanded to Stanford, Columbia, and Yale. It gradually reached most universities in Canada and the United States. Facebook was incorporated in the summer of 2004, and the entrepreneur Sean Parker, who had been informally advising Zuckerberg, became the company's president. In June 2004, Facebook moved its base of operations to Palo Alto, California. The company dropped ‘The’ from its name after purchasing the domain name