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Facebook Celebrates 20 Years Amid Challenges and Achievements

The social media giant reports strong financial results and faces increased competition and regulatory scrutiny as it marks two decades.

The home pages of facebook.com and myspace.com are arranged for a photograph on a computer screen on September 7, 2006.
27 September 2023, USA, Menlo Park: The founder and head of Facebook's Meta Group, Mark Zuckerberg, presents new devices and AI offerings at the Meta Connect developer conference. Among other things, the Quest 3 glasses were announced, which are designed to integrate digital content into real environments.
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Overview

  • Facebook marks its 20th anniversary with a look back at its journey from a Harvard student network to a global social media giant.
  • The social network faces challenges from rival platforms like TikTok and has made significant job cuts amid economic pressures.
  • Despite controversies and increased regulatory scrutiny, Facebook reports strong financial results for the end of 2023.
  • Facebook's role in cultural and political debates continues, with over 3 billion monthly active users.
  • The platform's evolution includes significant acquisitions like Instagram and WhatsApp, and ventures into virtual reality and the metaverse.