Facebook marks 10th anniversary

4 February 2014 11:15
(QHA) -

The biggest name in social networking Facebook celebrates 10 years of existence on Tuesday, having grown from a private college site to a worldwide platform with 1.23 billion users, VOA reports.

The company has announced no public plans for a celebration, but the occasion has spurred many observers to reflect on the meteoric rise of the site and its influence on other social networking services such as Twitter, Instagram, and Snapchat.

Facebook's initial public offering in 2012 had unexpectedly poor results, but the value of company shares has risen to record levels since then. The company is worth a reported $157 billion, more than many major U.S. companies with histories that are decades longer.

Facebook has already made an indelible mark on the language of today, introducing such terms as "friending," "unfriending," and "status line" into the modern-day vocabulary.