OKtavia Yanti's Blog

Facebook was founded in February 2004, Facebook is a social utility that helps people communicate more efficiently with their friends, family and coworkers. The company develops technologies that facilitate the sharing of information through the social graph, the digital mapping of people's real-world social connections. Anyone can sign up for Facebook and interact with the people they know in a trusted environment.

In September 2004, Facebook received around $500,000 from PayPal co-founder Peter Thiel in an angel round. In May 2005, Facebook raised $12.7 million in venture capital from Accel Partners [9] .

In late August 2005, it was announced on the main website that the domain name facebook.com was acquired from Aboutface Corporation, and the website moved domains and dropped the "the" from the site name effective August 23, 2005. The purchase price for the domain name was $200,000 according to people familiar with this deal[citation needed]. Also included in the move was a site overhaul, making profile pages more "user-friendly", according to Zuckerberg. Zuckerberg has since added more universities to Facebook.

When one of America's largest electronic surveillance systems was launched in Palo Alto a year ago, it sparked an immediate national uproar. The new system tracked roughly 9 million Americans, broadcasting their photographs and personal information on the Internet; 700,000 web-savvy young people organized online protests in just days. Time declared it "Gen Y's first official revolution," while a Nation blogger lauded students for taking privacy activism to "a mass scale." Yet today, the activism has waned, and the surveillance continues largely unabated.