Profile: Facebook Inc. is the largest social networking site in the world with 2.5 billion monthly active users. Facebook enables people to connect with family and friends and to share their opinions, ideas, images, and videos.
Facebook was founded in 2004 by Mark Zuckerberg and three fellow classmates at Harvard University. Facebook went public in 2012 and has become one of the world’s largest companies with a market capitalization of $507.92 billion (as of April 2020).
Facebook Inc. is considered one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Amazon.sto
Facebook also owns and operates the popular photo-sharing app Instagram as well as messaging apps Messenger and WhatsApp. Additionally, the company provides virtual-reality hardware, software, and a developer ecosystem through its Oculus business.
• Mark Zuckerberg is Facebook’s largest shareholder and has been the company’s long-time chairman and CEO.
Zuckerberg is also ranked seventh on the Forbes World’s Billionaires List with a net worth of $54.7 billion. He currently holds over 400 million shares of Facebook, comprising a market value of around $82.2 billion.
Zuckerberg’s holdings also give him a disproportionate share of voting rights. He controls 57.9% of the total voting shares, giving him effective control of the company.
• Vanguard Group Inc. is one of the world’s largest investment management companies and the company has about $6.2 trillion in global assets under management (AUM). Vanguard’s funds hold approximately 184.0 million shares of Facebook with a combined market value of about $37.7 billion.
Top Executives: Mark Zuckerberg is the Founder, Chairman, and Chief Executive Officer, Sheryl Sandberg is the Chief Operating Officer and David Wehner is the Chief Financial Officer.
Sales: Facebook generated around $21.5 billion in revenue in Q3 2020, which is up 22% year-on-year. The positive revenue results show that Facebook is starting to recover from the coronavirus-related economic downturn. stock does not trade in the Indian stocks markets.
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