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Summary

Facebook is the world's largest social network, with over 500 million 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 Moskowitz and Chris Hughes 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.

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Details

Category

Industry: Consumer Products and Services
Year Founded: 2004

Web Presence

Address

1601 S California Ave
Palo Alto, CA 94304
US


Funding

Round Date Amount Investors    
Unattributed 2011 January USD 1,500,000,000 Goldman Sachs; Digital Sky Technologies edit
Series C 2007 October USD 240,000,000 Microsoft edit
Series B 2006 April USD 27,500,000 Greylock Partners; Meritech Capital Partners; The Founders Fund edit

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Affiliated People

  Name Type Title    
Bret Taylor Key Executive CTO edit
Chris Kelly Key Executive Chief Privacy Officer edit
David Ebersman Key Executive CFO edit

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