Facebook, Inc.

Facebook, Inc.
FoundedJanuary 4, 2004 (2004-01-04) in Cambridge, Massachusetts
Area served
Worldwide (except blocked countries)
Key people
RevenueIncrease US$85.97 billion (2020)
Increase US$32.67 billion (2020)
Increase US$29.15 billion (2020)
Total assetsIncrease US$159.32 billion (2020)
Total equityIncrease US$128.29 billion (2020)
OwnerMark Zuckerberg (controlling shareholder)
Number of employees
60,654 (March 31, 2021)
DivisionsFacebook Reality Labs
SubsidiariesNovi Financial
Footnotes / references

Facebook, Inc., is an American multinational technology company based in Menlo Park, California. It was founded in 2004 as TheFacebook by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, roommates and students at Harvard College. The namesake social networking service eventually became Facebook, amassing 2.9 billion monthly users by 2021.[9] The company acquired Instagram in 2012, then WhatsApp and Oculus in 2014. It is one of the world's most valuable companies and is considered one of the Big Five companies in U.S. information technology, alongside Google, Apple, Microsoft and Amazon. The company generates substantially all of its revenue by selling advertisement placements to marketers.[10]

Facebook offers other products and services, including Facebook Messenger, Facebook Watch, and Facebook Portal. It has also acquired Giphy and Mapillary, and has a 9.99% stake in Jio Platforms.[11]

  1. ^ "Chris Cox is returning to Facebook as chief product officer". The Verge. 2020-06-11. Retrieved 2020-06-11.
  2. ^ "Facebook is getting more serious about becoming your go-to for mobile payments". The Verge. 2020-08-11. Retrieved 2020-08-11.
  3. ^ "Our History". Facebook. Archived from the original on November 15, 2015. Retrieved November 7, 2018.
  4. ^ Shaban, Hamza (January 20, 2019). "Digital advertising to surpass print and TV for the first time, report says". The Washington Post. Archived from the original on January 9, 2021. Retrieved June 2, 2019.
  5. ^ "FB Income Statement". NASDAQ.com.
  6. ^ "FB Balance Sheet". NASDAQ.com.
  7. ^ "Stats". Facebook. June 30, 2019. Archived from the original on November 15, 2015. Retrieved July 25, 2019.
  8. ^ "Facebook - Financials". investor.fb.com. Retrieved 2020-01-30.
  9. ^ "Facebook Reports Second Quarter 2021 Results". investor.fb.com. Retrieved 2021-08-12.
  10. ^ Facebook, Inc. (28 January 2021). "Form 10-K (2021)" (PDF). Retrieved 13 August 2021.
  11. ^ "Facebook Invests $5.7 Billion in Indian Internet Giant Jio". The New York Times. 2020-04-22. Archived from the original on 2021-01-09. Retrieved 2020-04-22.

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