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Its popularity has led to prominent media coverage for the company, including significant scrutiny over privacy and the psychological effects it has on users.In recent years, the company has faced intense pressure over the amount of fake news, hate speech and violence prevalent on its services, all of which it is attempting to counteract.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.
After registering to use the site, users can create a customized profile indicating their name, occupation, schools attended and so on.
The company had slightly surpassed e Bay to become the third largest American web company after Google and
In March 2011, it was reported that Facebook was removing approximately 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.
In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers).
These started as group pages, but a new concept called company pages was planned.