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October 27, 2005

Next multi-million dollar buyout — Facebook.com

by Andrew

Investors Business Daily has an article about Facebook.com. Facebook is a social networking site that allows college and high school students to connect & communicate with each other in a way similar to Myspace.

Zuckerberg started the Facebook - essentially an online student directory — while he was a sophomore at Harvard. The psychology major tells me that it took about 10 days — during finals — for him to build the site.

He paid $85 a month for three months to run his tiny operation. But things improved — and his site was a hit on his own campus. He decided to take a leave from Harvard his junior year and move to Palo Alto, Calif.

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