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WHO FOUNDED FACEBOOK? Mark Zuckerberg Mortimer Zuckerberg Barry Zuckercorn Mark Zuckerberg How much did Facebook pay to get its current domain name? $20,000 $200,000 $2,000,000 $200,000 Facebook was originally called "thefacebook" and was open to a network of college students, but in August 2005, the company paid $200,000 to change its domain name to facebook.com. Which similar social networking site sued Facebook for allegedly stealing source code? MySpace Connect U Friendster Early on in the site's history, Facebook was sued by ConnectU, another site based out of Harvard. The Associated Press revealed that Facebook eventually settled with ConnectU for $20 million in cash (cash!) and more than 1.2 million shares of stock. When did Facebook extend its network beyond educational institutions? September 2005 September 2006 October 2007 When did Facebook extend its network beyond educational institutions? September 2006 Initially only U.S. universities -- and subsequently U.S. high schools -- could sign up to use Facebook, but as of September 2006, anyone with a registered e-mail address can become a member. What revenue source does NOT make Facebook money? Advertisements Private Investment Membership Fees Facebook does not make money with membership fees. In fact, anyone can maintain a profile for free, as long as they have an e-mail address. The company makes some revenue with banner ads, which you often see on the margins of the site, but the majority of Facebook's money comes from private investment. Membership Fees Which major software company bought a stake in Facebook in 2007? Google Microsoft Yahoo Microsoft invested $240 million for a piece of Facebook. Doesn't sound like much, does it? That $240 million only accounted for a 1.6 percent stake in Facebook, placing the value of the company at $15 billion in 2007. Where are Facebook's main offices located? Harvard San Francisco, Calif. Palo Alto, Calif. Where are Facebook's main offices located? Palo Alto, Calif. READING COMPREHENSION Over one billion people used Facebook last Monday. This is the first time the site has had this many visitors in one day. The CEO of Facebook, Mark Zuckerberg, said it was an important achievement for his company. He posted on his own Facebook profile that: "We just passed an important milestone. For the first time ever, one billion people used Facebook in a single day." He said that on Monday, "one in seven people on Earth used Facebook to connect with their friends and family". He added that: "This was the first time we reached this milestone, and it's just the beginning of connecting the whole world." Mr Zuckerberg also said a connected world, "brings stronger relationships with those you love". Zuckerberg created Facebook in 2004, while he was a student at Harvard University. The website quickly became one of the biggest sites in the world. Today, it has nearly 1.5 billion users and Zuckerberg thinks that number will grow. In October 2012, he announced that Facebook had one billion users who used the site at least once a month. Three years later, the site had one billion visitors in just one day. Zuckerberg said the company needs to grow a lot in countries where Facebook isn't so popular, such as in many African and Asian countries and some in Central and South America. Facebook has made Zuckerberg the ninth richest person in the world, at the age of 31. QUESTIONS 1) What is Mark Zuckerberg happy about? 2) Where did he post about Facebook success? 3) When was Facebook created? 4) How rich is the Facebook founder? 5) How many Facebook users were there in 2012? 6) Is Facebook popular everywhere? 7) Where did Mr. Zuckerberg go to school?