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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.He uploaded all art images to a website, each of which was featured with a corresponding comments section, then shared the site with his classmates, and people started sharing notes.Zuckerberg told the Crimson that "Everyone’s been talking a lot about a universal face book within Harvard.On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for 0 million, giving Facebook a total implied value of around billion.

(an exchange for privately held companies' shares), Facebook's value was billion.In late 2007, Facebook had 100,000 business pages (pages which allowed companies to promote themselves and attract customers).