Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date. What Happened? On Feb. 4, 2004, Mark Zuckerberg launched Facebook Inc. Where Was the Market? The S&P 500 was trading at 1,126.52 and the Dow Jones Industrial Average was at 10,470.74. What Else Was Going On in the World? In 2004, CBS News uncovered torture of Iraq prisoners at the Abu Ghraib prison. The European Union underwent its largest expansion in history, adding Poland, Czech Republic, Estonia, Latvia, Lithuania, Slovakia, Hungary, Slovenia, Malta, and Cyprus to the Eurozone. The average cost of a new house in the United States was $274,500. Social Media Era Begins Zuckerberg famously launched his website Thefacebook when he was a 19-year-old sophomore at Harvard, and the website was initially only available for Harvard students. Zuckerberg soon expanded the site to other colleges in the Boston area and then to …
RSS Feed | The Epoch Times