Commonality isn't always a roadblock to trademarking.
Windows and Apple are two other examples. It definitely restricts the scope of the mark, but websites were new in all industries, just like software was when Microsoft and Apple got their TMs.
Depends on your criteria for common, but it was certainly not unique. We had them at the non-Harvard university I attended and IIRC, it was colloquially called the "freshman face book".