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PublicNASDAQ:FB
Date5/2012
Raised$18.4B
Post IPO Valuation$104B

General Information

Websitefacebook.com
Blogblog.facebook.com
Twitter@facebook
CategorySocial Networking
Employees5,299
Founded2/2004
DescriptionSocial network

Offices

Headquarters
1601 Willow Road
Menlo Park, CA, 94025
USA
Europe HQ
New York
340 Madison Ave
New York, NY, 10017
USA

People

Founder and CEO, Board Of Directors
COO
CFO
VP of Global Communications, Marketing and Public Policy
Vice President, Engineering
VP of Partnerships and Platform Marketing
VP Engineering & Products
VP, Product
Show All People

Acquisitions

Total$22.5B
Oculus VR, 3/2014 $2B
WhatsApp, 2/2014 $19B
Branch, 1/2014 $15M
Little Eye Labs, 1/2014
SportStream, 12/2013
Onavo, 10/2013 $150M
Jibbigo, 8/2013
Monoidics, 7/2013
Parse, 4/2013 $90M
Spaceport.io, 4/2013
Osmeta, 4/2013
Storylane, 3/2013
Atlas Advertiser Suite, 2/2013
threadsy, 8/2012
Spool, 7/2012
Bolt | Peters, 6/2012 $50M
Face.com, 6/2012 $60M
Karma, 5/2012
Lightbox, 5/2012
Glancee, 5/2012
Tagtile, 4/2012
Instagram, 4/2012 $1.01B
GazeHawk, 3/2012
Friend.ly, 3/2012
Sendoid, 3/2012
Gowalla, 12/2011
WhoGlue, 11/2011
Strobe, 11/2011
Digital Staircase, 11/2011
Snaptu, 9/2011 $60M
Push Pop Press, 8/2011
Sofa, 6/2011
Beluga, 3/2011
Rel8tion, 1/2011
Pursuit, 2011
Zenbe, 11/2010
drop.io, 10/2010
Nextstop, 9/2010 $2.5M
Chai Labs, 8/2010 $10M
Hot Potato, 7/2010 $10M
ShareGrove, 5/2010
Divvyshot, 4/2010
Octazen Solutions, 2/2010
FriendFeed, 8/2009 $47.5M
Parakey, 7/2007

Investments

Funding

TOTAL $2.33B
FUNDING TOTAL $2.33B
Angel, 9/2004
Peter Thiel
Reid Hoffman
$500k
Series A, 5/2005
Accel Partners
Mark Pincus
Reid Hoffman
$12.7M
Series B, 4/2006
Greylock Partners
Meritech Capital Partners
Founders Fund
SV Angel
$27.5M
Series C, 10/2007
Microsoft
$240M
Series C, 11/2007
Li Ka-shing
Horizons Ventures
$60M
Series C, 1/2008
European Founders Fund
$15M
Series C, 3/2008
Li Ka-shing
Horizons Ventures
$60M
Series D, 5/2009
Digital Sky Technologies
$200M
Private Equity, 6/2010
Elevation Partners
$210M
Private Equity, 1/2011
Goldman Sachs
Digital Sky Technologies
$1.5B
DEBT TOTAL $100M
Debt, 5/2008
TriplePoint Capital
$100M

Competitors

Service Providers

Tags

Facebook

Facebook is the world’s largest social network, with over 1.15 billion monthly active users.

Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskovitz, Chris Hughes, and Eduardo Saverin to help build Facebook, and within four months, Facebook added 30 more college networks.

The original idea for the term Facebook came from Zuckerberg’s high school (Phillips Exeter Academy). The Exeter Face Book was passed around to every student as a way for students to get to know their classmates for the following year. It was a physical paper book until Zuckerberg brought it to the internet.

With this success, Zuckerberg, Moskowitz and Hughes moved out to Palo Alto for the summer and rented a sublet. A few weeks later, Zuckerberg ran into the former cofounder of Napster, Sean Parker. Parker soon moved in to Zuckerberg’s apartment and they began working together. Parker provided the introduction to their first investor, Peter Thiel, cofounder of PayPal and managing partner of The Founders Fund. Thiel invested $500,000 into Facebook.

With millions more users, Friendster attempted to acquire the company for $10 million in mid 2004. Facebook turned down the offer and subsequently received $12.7 million in funding from Accel Partners, at a valuation of around $100 million. Facebook continued to grow, opening up to high school students in September 2005 and adding an immensely popular photo sharing feature the next month. The next spring, Facebook received $25 million in funding from Greylock Partners and Meritech Capital, as well as previous investors Accel Partners and Peter Thiel. The pre-money valuation for this deal was about $525 million. Facebook subsequently opened up to work networks, eventually amassing over 20,000 work networks. Finally in September 2006, Facebook opened to anyone with an email address.

In the summer of 2006, Yahoo attempted to acquire the company for $1 billion dollars. Reports actually indicated that Zuckerberg made a verbal agreement to sell Facebook to Yahoo. A few days later when Yahoo’s stock price took a dive, the offer was lowered to $800 million and Zuckerberg walked away from the deal. Yahoo later offered $1 billion again, this time Zuckerberg turned Yahoo down and earned instant notoriety as the “kid” who turned down a billion. This was not the first time Zuckerberg turned down an acquisition offer; Viacom had previously unsuccessfully attempted to acquire the company for $750 million in March 2006.

Not long after, in October 2007, Microsoft invested $240 million into Facebook for 1.6 percent of the company in. This meant a valuation of over $15 billion, making Facebook the 5th most valuable US Internet company, yet with only $150 million in annual revenue. Many explained Microsoft’s decision as being solely driven by the desire to outbid Google.

Facebook continued to receive funding, most notably in January 2011 receiving a $1.5 billion round, valuing the company at $50 billion. A year later, in February 2012, Facebook announced that it was filing for its long-anticipated initial public offering. The company went public on May 18, 2012, opening on the NASDAQ with shares trading at $42.05.

One sour note for Facebook has been the controversy with social network ConnectU. The founders of ConnectU, former classmates of Mark Zuckerberg at Harvard, allege that Zuckerberg stole their original source code for Facebook. The ordeal has gone to court, and has now been resolved.

Notwithstanding this lingering controversy, Facebook’s growth has been staggering. Facebook announced astonishing numbers in February 2012 upon filing for its IPO. As of July 2013, over 1.15 billion users log into Facebook every month, and 669 million users log in daily. Mobile users now make up half of Facebook’s user base, with 819 million monthly actives. Facebook has also announced that by the end of 2011 there had been 100 billion friend connections, and in recent months users had been registering 2.7 billion Likes and Comments per day. Facebook is one of the most trafficked sites in the US, and its international growth has been impressive. Additionally, Facebook is the top photo sharing site with 250 million photos uploaded per day.

Facebook users’ passion—or addiction—to the site is unparalleled: more than half use the product every single day and users spend an average of 19 minutes a day on Facebook. The site’s popularity has garnered it pop culture fame, so much so that in 2010 a feature film entitled The Social Network was released which chronicled Facebook’s inception.

In its 2012 IPO filing, Facebook announced that it intends to grow in the near future by expanding its global user base, increasing engagement by developing new social tools, improving the mobile experience, and creating more value for advertisers and users.

Recent Milestones

Videos

Screenshots

Facebook screenshot
Above: Facebook Screenshot -- #1
Uploaded: 4/28/09

Products

Facebook
Facebook Chat
Facebook Connect
Facebook Lite
Facebook Mobile
Facebook News Feed
Facebook Places
Facebook Platform

Stock Price

Traffic Analytics

Quantcast

Livegraph

Compete

Facebook

Sources

  1. Facebook To Buy Oculus VR, Maker Of The Rift Headset, For Around $2B In Cash And Stock (techcrunch.com) []
  2. Facebook to buy Whatsapp for $16 billion (techcrunch.com) []
  3. Facebook acquires link-sharing service Branch for around $15 million (theverge.com) []
  4. Indian Startup Little Eye Labs Confirms Its Acquisition By Facebook, Deal Worth $10-$15M (techcrunch.com) []
  5. Facebook Acquires SportStream To Increase Sports Chatter By Providing News Outlets With Cleaner Data (techcrunch.com) []
  6. acebook Buys Mobile Data Analytics Company Onavo, Reportedly For Up To $200M (techcrunch.com) []
  7. Facebook Acquires “Mobile Technologies”, Developer Of Speech Translation App Jibbigo (techcrunch.com) []
  8. Facebook Acquires Assets Of UK Mobile Bug-Checking Software Developer Monoidics (techcrunch.com) []
  9. http://techcrunch.com/2013/04/25/facebook-parse/ (techcrunch.com) []
  10. Facebook Acqhires Part Of Team From HTML5 Game Platform Spaceport.io That Will Keep Running (techcrunch.com) []
  11. Confirmed: Facebook Has Acquired Osmeta, A Stealth Mobile Software Startup (techcrunch.com) []
  12. Facebook Acquires Storytelling Site Storylane in Talent Grab (mashable.com) []
  13. Facebook Confirms It Will Acquire Atlas Advertiser Suite From Microsoft To Close The Ad Spend Loop (techcrunch.com) []
  14. Facebook Acquires Threadsy, Maker of Social Marketing Tool Swaylo (techcrunch.com) []
  15. Facebook’s Latest Acqui-Hire: Spool, The “Instapaper On Steroids” (techcrunch.com) []
  16. Citation Needed []
  17. Facebook Scoops Up Face.com For $55-60M To Bolster Its Facial Recognition Tech (Updated) (techcrunch.com) []
  18. Facebook Acquires Karma (fastcompany.com) []
  19. Facebook acquires Lightbox photo app team (neowin.net) []
  20. Facebook Buys Location-Based Discovery App Glancee (techcrunch.com) []
  21. Facebook Ups The Mobile Ante Again; Buys Mobile Loyalty, Rewards Startup TagTile (techcrunch.com) []
  22. TechCrunch: Facebook Buys Instagram For $1 Billion, Turns Budding Rival Into Its Standalone Photo App (techcrunch.com) []
  23. Facebook Acquires GazeHawk; Green Dot Acquires Loopt (mountainview.patch.com) []
  24. bsty (rahul.bosumatary.com) []
  25. Facebook acquires team behind YC alum Caffeinated Mind (venturebeat.com) []
  26. Report: Facebook Has Acquired Gowalla (techcrunch.com) []
  27. Facebook Acquires The Tech Behind WhoGlue, A Company That Sued It In 2009 (techcrunch.com) []
  28. Facebook Acquires HTML5 App Delivery Network Strobe; SproutCore Lives On (techcrunch.com) []
  29. Facebook Acq-hires Mobile Video And Image Editing App Developer Digital Staircase (techcrunch.com) []
  30. Confirmed: Facebook Acquires Snaptu (For An Estimated $60–$70 Million) (techcrunch.com) []
  31. Facebook Buys Digital Bookmaking Service Push Pop Press (techcrunch.com) []
  32. Facebook Acquires Sofa (madebysofa.com) []
  33. techcrunch.com []
  34. All Things D (emoney.allthingsd.com) []
  35. techcrunch.com []
  36. Facebook Buys Yet Another NYC Startup -- Why Doesn't It Just Open An Engineering Office Here Already? (businessinsider.com) []
  37. Facebook Acquires Drop.io, Nabs Sam Lessin (techcrunch.com) []
  38. Facebook Acquires Social Travel Recommendation Site Nextstop (techcrunch.com) []
  39. Facebook Makes Another "Acq-Hire" Chai Labs; Deal Estimated At $10 Million (paidcontent.org) []
  40. Facebook To Pay $10 Million Cash For Hot Potato, Says Source (techcrunch.com) []
  41. mashable.com []
  42. Facebook Acquires Divvyshot to Improve Facebook Photos (techcrunch.com) []
  43. techcrunch.com []
  44. Facebook Acquires FriendFeed (techcrunch.com) []
  45. techcrunch.com []
  46. New Frontier Foods Raises $1.7M in First Seed Funding (finsmes.com) [edit]
  47. fbFund (marlenevergaraborquez.com) [edit]
  48. Citation Needed [add]
  49. Citation Needed []
  50. Jim Breyer: Extra $500 Million Round For Facebook A "Total Fiction" (techcrunch.com) []
  51. Facebook Funding (facebook.com) []
  52. Facebook and Microsoft Expand Strategic Alliance (microsoft.com) []
  53. Facebook gets $60M from Hong Kong billionaire Li Ka-shing (venturebeat.com) []
  54. techcrunch.com []
  55. Updated: Facebook Investor Li Ka-Shing Upping Stake To $120 Million: Report (paidcontent.org) []
  56. businessweek.com []
  57. Facebook Takes That $200 Million Investment From The Russians At A $10 Billion Valuation. (techcrunch.com) []
  58. Elevation Invests Another $120 Million in Facebook as that IPO Looks More Distant (techcrunch.com) []
  59. Facebook Raises $1.5 Billion (prnewswire.com) []
  60. Facebook adds comments to the Mini-Feed. It's like FriendFeed is looking in the mirror (venturebeat.com) []
    The fbFund Gives Out Cash To 25 Facebook Developers (techcrunch.com) []
    Facebook Movie Poster Announces 500 Million Facebook Users Before Facebook Does (techcrunch.com) []
    By the way, Facebook for iPhone has 57.8 million monthly active users. (Versus 8,810 for the Microsoft Kin.) (businessinsider.com) []
    Zuckerberg Makes It Official: Facebook Hits 500 Million Members (techcrunch.com) []
    Facebook To Begin Giving Y Combinator Startups VIP Treatment (techcrunch.com) []
    Facebook CEO Mark Zuckerberg Donates $100 Million To Fix Newark New Jersey Public Schools (businessinsider.com) []
    Facebook, KPCB Announce $250 Million Social Networking Fund (businessinsider.com) []
    200 Million People Use Facebook Mobile — Up 3X From Last Year (businessinsider.com) []
    Facebook Acquired FB.com From The American Farm Bureau To Use Internally (techcrunch.com) []
    Facebook Connect: 250 million monthly users, adding 10,000 sites every day (bgr.com) []
    Facebook Shares Hit $28.26 Per Share, That's a $70+ Billion Valuation (techcrunch.com) []
    Facebook Users Uploaded A Record 750 Million Photos Over New Year's (techcrunch.com) []
    Facebook Considering A Leaseback Deal Worth As Much As $420 Million For New HQ (techcrunch.com) []
    Facebook Teams With Snaptu To Launch Rich App For Feature Phones (techcrunch.com) []
    Kevin Rose Invests In Facebook On SecondMarket (techcrunch.com) []
    Wow. Just...Wow: Facebook Hits Record $75 Billion Valuation On SecondMarket (techcrunch.com) []
    Facebook Now Has 250 Million Mobile Users (techcrunch.com) []
    Facebook Buys Sofa, A Software Design Team That Will Help Make Facebook More Beautiful (techcrunch.com) []
    Zuck Confirms That Facebook Now Has 750 Million Active Users (techcrunch.com) []
    GSV Capital Buys Facebook Stock At $70 Billion Valuation; Its Own Stock Pops 21 Percent (techcrunch.com) []
    Report: Facebook Revenue Was $1.6B In First Half Of 2011, Net Income $500M (techcrunch.com) []
    Facebook acquires team behind YC alum Caffeinated Mind (venturebeat.com) []
    Facebook Buys AOL Patents From Microsoft For $550 Million In Cash (techcrunch.com) []
    Facebook Will Have The Biggest Tech IPO Ever, Raising $16 Billion With $38 Share Price (techcrunch.com) []
    Facebook Has 1 Million Active Advertisers (businessinsider.com) []
    Facebook Says It Has 1B Monthly Active Users On Mobile, 200M Actives On Instagram (techcrunch.com) []

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