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This was Facebook’s year. The social network made its debut on the public market, and it crossed the unprecedented one-billion-users mark. For many of the social network’s earliest employees, it was the stuff dreams are made of.

But so much happened to make those two dreams into realities. And the realities weren’t always all they were cracked up to be: The initial public offering got off to a painful start. In fact, stock prices for Facebook still haven’t recovered. And a billion users means a billion opportunities for bullying, privacy mishaps, and user data breaches.

To read the original article: Facebook’s top 10 from 2012: A big acquisition, a mobile hangover, and, oh, yeah, an IPO | VentureBeat