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BEVERLY HILLS, California â. Singer, songwriter, and actor Justin Timberlake, who was a co-owner of Myspace, reportedly sold his shares of the company to a fan for one dollar yesterday afternoon.
Facebook was initially incorporated as a Florida LLC. For the first few months after its launch in February 2004, the costs for the website operations for thefacebook.com were turned into a porn website by Mark Zuckerberg and Eduardo Saverin. The website also ran a few advertisements to meet its operating costs.