Facebook

Facebook, founded by Mark Zuckerberg in 2004, is a social networking site that allows users to connect with friends and family worldwide. Initially, it was limited to Harvard students but later expanded to other universities and eventually to anyone over the age of 13. Today, it is one of the world's most valuable companies, with over 2.8 billion monthly active users.

Industry

Internet, Social Networking

Company Size

With a workforce exceeding 86,482 employees, the company boasts a vast talent pool.

Product, Services and Operations

Facebook's primary product is its social networking platform, which allows users to share posts, photos, and videos. It also offers other services like Facebook Messenger, Facebook Watch, and Facebook Portal. The company also owns Instagram, WhatsApp, and Oculus VR.

Funding Details

Facebook was initially funded by Peter Thiel, who invested $500,000 in 2004. The company went public in 2012 and is now traded on the NASDAQ.

Acquisitions

Facebook's notable acquisitions include Instagram in 2012 for $1 billion, WhatsApp in 2014 for $19 billion, and Oculus VR in 2014 for $2 billion.

Awards and Achievements

Facebook has received numerous awards, including being ranked 76th on the Fortune 500 list of the largest United States corporations by revenue. In 2012, Facebook was named the best company to work for by Glassdoor.

Revenue

In 2022, the revenue general by Meta Platforms (formerly known as Facebook Inc.) amounted to roughly US $116.6 billion.