Facebook Inc. is an American technology company based in Menlo Park, California. Founded in 2004 by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, it has become one of the world's largest social media and technology companies. Facebook Inc. operates a platform for people to connect, share, discover, and communicate with each other on the internet, as well as a suite of other products and services. As of 2021, Facebook Inc. has more than 2.8 billion monthly active users and employs over 60,000 people.
Date of foundation | 2004 |
Industry | Technology |
Nationality | American |
Founder | Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes |
Product/Business | Social media, technology |
Number of employees | 60,000 (2021) |
Location of headquarters | Menlo Park, California, USA |
Company website | www.facebook.com |
Facebook Inc. is a social networking service and website launched in 2004. It allows users to create profiles, upload photos and videos, send messages and keep in touch with friends, family, and colleagues. It also allows users to join groups, follow pages, and share content with other users.
Facebook Inc. also operates a suite of other products and services, including Instagram, WhatsApp, and Oculus. Instagram is a photo and video-sharing social networking service that allows users to share photos and videos, follow other users, and comment on their posts. WhatsApp is a messaging and voice calling service that allows users to send and receive messages, make voice and video calls, and share photos, videos, and documents. Oculus is a virtual reality platform that enables users to explore virtual worlds and experiences.
The company also offers a range of services and products for businesses, including Facebook Ads, Facebook Analytics, and Facebook Workplace. Facebook Ads is an online advertising platform that allows businesses to create and manage campaigns to reach their target audiences. Facebook Analytics is a tool that allows businesses to measure, understand, and optimize their performance on Facebook. Facebook Workplace is a collaboration platform that allows businesses to connect, communicate, and collaborate with their teams.
Facebook Inc. was founded in 2004 by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Initially, the company was only available to students at Harvard University, but it quickly expanded to other universities in the United States and then to the rest of the world. By 2006, the company had more than 12 million users and was valued at over $15 billion.
In 2007, the company launched its first advertising platform, Facebook Ads, and in 2008, it opened its platform to developers. In 2009, the company launched its first mobile app, and in 2010, it launched its first version of the News Feed. In 2012, the company went public and was valued at over $100 billion.
In 2014, the company acquired WhatsApp and Oculus, and in 2017, it acquired Instagram. In 2018, the company launched its dating service, Facebook Dating, and in 2019, it launched its privacy-focused messaging app, Messenger.
Facebook Inc. is committed to creating an inclusive workplace where everyone can feel comfortable and respected. The company offers a range of benefits to its employees, including competitive salaries, health insurance, parental leave, and flexible work schedules. The company also offers a range of programs and initiatives to support its employees, such as the Facebook University, which provides educational opportunities for employees, and the Facebook Wellness Program, which provides resources to help employees stay healthy and productive.
The company also offers a range of programs and initiatives to support diversity and inclusion in the workplace, such as the Facebook Diversity & Inclusion Council, which works to ensure that all employees feel respected and included, and the Facebook Women in Technology program, which provides resources and support for women in technology.
Facebook Inc. is led by Mark Zuckerberg, who serves as the company's Chairman and Chief Executive Officer. The company's board of directors is composed of nine members, including Mark Zuckerberg, Sheryl Sandberg, and Jan Koum.
The company is organized into four main divisions: Facebook, Instagram, WhatsApp, and Oculus. Each division is led by a Vice President, who is responsible for the division's strategy and operations.
Facebook Inc. offers a range of services and products for businesses, including Facebook Ads, Facebook Analytics, and Facebook Workplace.
Facebook Ads is an online advertising platform that allows businesses to create and manage campaigns to reach their target audiences. Facebook Analytics is a tool that allows businesses to measure, understand, and optimize their performance on Facebook. Facebook Workplace is a collaboration platform that allows businesses to connect, communicate, and collaborate with their teams.
Facebook Inc. uses a range of technologies to power its products and services, including artificial intelligence (AI), machine learning (ML), natural language processing (NLP), and virtual reality (VR).
The company uses AI to power its products and services, such as its facial recognition technology, which is used to identify people in photos and videos. The company also uses ML to power its recommendation systems, which are used to suggest content to users. The company uses NLP to power its chatbots, which are used to provide customer service and support. Finally, the company uses VR to power its Oculus platform, which enables users to explore virtual worlds and experiences.
Facebook Inc. is the parent company of Instagram, WhatsApp, and Oculus. Instagram is a photo and video-sharing social networking service that allows users to share photos and videos, follow other users, and comment on their posts. WhatsApp is a messaging and voice calling service that allows users to send and receive messages, make voice and video calls, and share photos, videos, and documents. Oculus is a virtual reality platform that enables users to explore virtual worlds and experiences.
Facebook Inc. has faced criticism and controversy over a range of issues, including its handling of user data, its policies on hate speech, and its role in spreading misinformation.
The company has been criticized for its handling of user data, with some critics arguing that the company does not do enough to protect user data from misuse and abuse. The company has also been criticized for its policies on hate speech, with some critics arguing that the company does not do enough to remove hate speech from its platform. Finally, the company has been criticized for its role in spreading misinformation, with some critics arguing that the company does not do enough to prevent the spread of misinformation on its platform.
In addition to its core products and services, Facebook Inc. has also made a number of investments and acquisitions, including Giphy, CrowdTangle, and Mapillary. Giphy is an online database of GIFs and videos that can be used to create and share content on social media. CrowdTangle is a tool that helps publishers and brands measure the performance of their posts on social media. Mapillary is a street-level imagery platform that uses crowdsourced photos and videos to map the world.
Facebook Inc. has a philanthropic arm, the Chan Zuckerberg Initiative, which works to advance human potential and promote equality. The initiative focuses on three core areas: advancing human potential, promoting equal opportunity, and building strong and healthy communities. The initiative has made a number of investments and grants in these areas, including its $3 billion commitment to curing, preventing, or managing all diseases by the end of the century.