What exactly is Facebook®?
• Facebook® is a “social networking website”
that allows you to create an online page to
connect with friends, family, or make new
friends with anyone anywhere.
• On your Facebook® page you can share
pictures, personal information , messages,
videos , join groups and add applications.
Net worth US $27.9 billion
(programmer & Internet entrepreneur)
net worth: Unknown
Net worth US $850 million
Net worth US $3.3 billion
Net worth US $3.8 billion
• Acquired WhatsApp
• Applied for IPO
• Acquired Instagram
• Most visited website
• Microsoft purchased
shares for $240 million
• Open to everyone
How it began
• Facemash, the predecessor to Facebook was created by
Mark Zuckerberg on October 28, 2003.
It wasn’t completely legal. How exactly did Mark Zuckerberg get the
photos? He hacked into Harvard’s computer network and copied them,
of course. This whole incident got the attention of Harvard’s school
newspaper, The Harvard Crimson.
On February 12 , 2004 ,TheFacebook was
Six days after the site launched, three Harvard seniors accused
Zuckerberg of intentionally misleading them into believing he would
help them build a social network called HarvardConnection.com. They
later filed a lawsuit against Zuckerberg, subsequently settling in 2008
for 1.2 million shares (worth $300 million at Facebook's IPO).
Moved to Palo Alto,
• After purchasing the domain name facebook.com for $200,000
and was made available to high school students.
...”the next logical step”
• Facebook expanded membership eligibility to
employees of several companies,
including Apple Inc. and Microsoft.
Mobile version debuts
The first version of Facebook
for mobile devices is
launched. Early versions
worked through SMS, allowing
users to send messages or
post on their friends' walls by
September 26, 2006
Facebook was opened to everyone at least 13
years old with a valid email address. (Reached 12 Million users)
Microsoft Beats Google on
Facebook Deal (October 24, 2007)
a 1.6% share of Facebook for $240 million
- Rights to place
- Giving Facebook
a total implied
value of around
The 'Like' button arrives
February 9, 2009
The social network adds a "Like"
button next to posts, allowing
friends to show their approval of
a status update, shared story or
photo. The option has since
become one of Facebook's
“The Social Network”
More people visited Facebook than Google for the week ending March 13, 2010
• Another milestone was ‘The Social Network’, a movie based on Mark Zuckerberg, which
was released this year and it bragged 3 academy awards, soaring Facebook’s branding
• Instagram is an online photo-sharing, video-sharing and social networking service.
• On April 12, 2012, Facebook acquired Instagram for approximately
$1 billion in cash and stock. The deal, which was made just before Facebook
was scheduled to go public.
Off to Wall Street
• Facebook held its Initial Public Offering(IPO) on Friday, May
18, 2012. and valued its stock at $38 a share which priced
the company at $104 billion – the largest valuation to date
for a new public company.
• Dec. 19, 2013: Zuckerberg donates 18 million shares of Facebook stock to the
Silicon Valley Community Foundation, which (at a value of roughly $1 billion) makes
Zuckerberg the most generous charitable giver in the world for the entire year.
Facebook turns 10
• Facebook turns 10 on February 4, 2014 and celebrates
10 years with ‘Look Back’.
• February 19, 2014; Facebook acquired WhatsApp, for a total of
approximately $16 billion, including $4 billion in cash and $12
billion worth of Facebook shares and an additional $3 billion in
restricted stock units.
• 945 million monthly active users on mobile.
• 757 million daily active users on average.
• Approximately 81% of daily active users are
outside the U.S. and Canada.
• 1.23 billion monthly active users.
(Chairman & CEO)
Sheryl Sandberg (COO)
“This is a great opportunity, but it
also requires greater attention to
and awareness of possible risks…
Does the danger exist that we may
be less present to those whom we
encounter in our everyday life?
…Virtual contact cannot and must
not take the place of direct human
contact with people at every level of
~ Pope Benedict XVI