What is Facebook..?

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About Facebook:-

Type                              Public

Traded as                     NASDAQ: FB (Class A)

                                      NASDAQ-100 component

                                      S&P 100 component

                                      S&P 500 component

Industry                        Social Media

Founded                       February 4, 2004,

                                      in Cambridge, Massachusetts

Founders                     Mark Zuckerberg

                                     Eduardo Saverin

                                     Andrew McCollum

                                     Dustin Moskovitz

                                     Chris Hughes

Headquarters               Menlo Park, California, U.S.

Products                     Facebook

                                    Instagram

                                    Messenger

                                    WhatsApp

                                    Watch

                                    Portal

History of Facebook:-

• Facebook is the biggest platform of social media and technology company in the world. Facebook is  based in Menlo Park, California,America. It was founded by Mark Zuckerberg, along with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes.Facebook famous global social networking website. It is one of the world's most valuable companies.

• According to  document announced that the company had 845 million active monthly users and its website featured 2.7 billion daily likes and comments.

• On May 22, 2012, regulators from Wall Street's Financial Industry Regulatory Authority announced that they had begun to investigate whether banks underwriting Facebook had improperly shared information only with select clients, rather than the general public. Massachusetts Secretary of State William Galvin subpoenaed Morgan Stanley over the same issue. The allegations sparked "fury" among some investors and led to the immediate filing of several lawsuits, one of them a class action suit claiming more than $2.5 billion in losses due to the IPO.

               

Image of Facebook

• On May 22, 2012, regulators from Wall Street's Financial Industry Regulatory Authority announced that they had begun to investigate whether banks underwriting Facebook had improperly shared information only with select clients, rather than the general public. Massachusetts Secretary of State William Galvin subpoenaed Morgan Stanley over the same issue.The allegations sparked "fury" among some investors and led to the immediate filing of several lawsuits, one of them a class action suit claiming more than $2.5 billion in losses due to the IPO.

• Throughout its existence, Facebook has acquired multiple companies.One of its first major acquisitions was in April 2012, when Facebook acquired Instagram for approximately US$1 billion in cash and stock. In October 2013, Facebook acquired Onavo, an Israeli mobile web analytics company.

• In February 2014, Facebook announced that it would be buying mobile messaging company WhatsApp for US$19 billion in cash and stock. Later that year, Facebook bought Oculus VR for $2.3 billion in stock and cash, which released its first consumer virtual reality headset in 2016. In late July 2019, the company announced it was under antitrust investigation by the Federal Trade Commission.

Data centers:-

• As of 2019 the company operated 16 data center locations. Facebook committed to purchase 100 percent renewable energy and reduce its greenhouse gas emissions by 75 percent by 2020. Data center technologies include Fabric Aggregator.

Revenue:-

2004 $0.4
2005 $9                  2150%
2006 $48                  433%
2007 $153          219%
2008 $280          83%
2009 $775          177%
2010 $2,000          158%
2011 $3,711          86%
2012 $5,089          37%
2013 $7,872          55%
2014 $12,466          58%
2015 $17,928          44%
2016 $27,638          54%
2017 $40,653          47%
2018 $55,838          38%

2019 $70,697          27%

Board of Directors:-

• Mark Zuckerberg (Chairman, Founder and CEO)
• Sheryl Sandberg (Executive Director and COO)
• Marc Andreessen (Non-Executive Director, Co-Founder and General Partner, Andreessen Horowitz)
• Erskine Bowles (Non-Executive Director, President Emeritus, University of North Carolina)
• Kenneth Chenault (Non-Executive Director, Chairman and Managing Director, General Catalyst)
• Susan Desmond-Hellmann (Non-Executive Director, CEO, Bill & Melinda Gates Foundation)
• Reed Hastings (Non-Executive Director, Chairman, Co-Founder and CEO, Netflix)
• Peter Thiel (Non-Executive Director, Co-Founder and Former CEO, PayPal, Founder and President, Clarium Capital)
• Jeffrey Zients (Non-Executive Director, Former Director, U.S. National Economic Council)

                           

CEO of Facebook