| Date | 5/12 |
| Raised | $16B |
| Post IPO Valuation | $2.74B |
General Information
| Website | facebook.com |
| Blog | blog.facebook.com |
| Category | Consumer Web |
| Employees | 1,000 |
| Founded | 2/04 |
| Description | Social network |
Offices
Headquarters
Europe HQ
New York
People
Facebook is the world’s largest social network, with over 1 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.
Facebook’s growth has been staggering. Facebook announced astonishing numbers in February 2012 upon filing for its IPO. Over 845 million users log into Facebook every month, and 483 million users log in daily. Mobile users now make up half of Facebook’s user base, with 425 million monthly actives. Facebook 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.
Read more: http://www.crunchbase.com/company/facebook#ixzz2RCiAEMYj
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