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Additionally, users may join common-interest user groups organized by workplace, school, hobbies or other topics, and categorize their friends into lists such as "People From Work" or "Close Friends".

In March 2011, it was reported that Facebook was removing about 20,000 profiles every day for violations such as spam, graphic content, and underage use, as part of its efforts to boost cyber security. Finance website reported that Facebook's lead underwriters, Morgan Stanley (MS), JP Morgan (JPM), and Goldman Sachs (GS), cut their earnings forecasts for the company in the middle of the IPO process.

Zuckerberg wrote a program called "Facemash" in 2003 while attending Harvard University as a sophomore (second year student).

According to The Harvard Crimson, the site was comparable to Hot or Not and used "photos compiled from the online facebooks of nine Houses, placing two next to each other at a time and asking users to choose the "hotter" person".

A company representative called the milestone a "quiet revolution." In November 2010, based on Second Market Inc.

(an exchange for privately held companies' shares), Facebook's value was billion.

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The Facemash site was quickly forwarded to several campus group list-servers, but was shut down a few days later by the Harvard administration.

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