Facebook

Facebook

Facebook is a social media and social networking service company founded in 2004 by Mark Zuckerberg, Chris Hughes, Andrew McCollum, Dustin Moskovitz and Eduardo Saverin.

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Edits on 6 Oct, 2020
Golden AI"Funding autocalculation"
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Latest funding round date
June 30, 2013
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September 30, 2020

Facebook bans ads that "praise, support or represent" QAnon and any militarized social movements on the platform.

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Golden AI
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Subsidiary
Parse (company)
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Competitors
YouTube
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September 3, 2020

Facebook will block new political ads in the final week before the US presidential election

Facebook will block new political ads in the final week before the U.S. presidential election, the social network announced on Thursday.

September 3, 2020

Facebook will block new political ads in the final week before the US presidential election

Facebook will block new political ads in the final week before the U.S. presidential election, the social network announced on Thursday.

August 25, 2020

Facebook changes name of its annual VR event and its overall AR/VR organization.

Edits on 3 Sep, 2020
Erin Scherfner"Approved suggestion from source: https://www.foxnews.com/tech/facebook-block-new-political-ads-final-week-before-election"
Erin Scherfner approved a suggestion from Golden's AI on 3 Sep, 2020
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September 3, 2020

Facebook will block new political ads in the final week before the US presidential election

Facebook will block new political ads in the final week before the U.S. presidential election, the social network announced on Thursday.

Edits on 1 Sep, 2020
Edita Rexha
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Facebook is a social media and social networking service company that is headquartered in San Francisco, CaliforniaCalifornia and was founded in 2004 by Andrew McCollum, Chris Hughes, Dustin Moskovitz, Eduardo Saverin, Mark Zuckerberg, and Nicholas Daniel-Richards.

Edita Rexha
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On April 9, 2012 Facebook acquired InstagramInstagram, a social media company focused on sharing user photos, for $1 billion in a combination of Facebook stock and cash. At the time Facebook acquired Instagram, Instagram had approximately 30 million active users making Instagram the largest purchase ever made by Facebook in terms of both active audience size and price. Mark Zuckerberg, the CEO and co-founder of Facebook, made the following statement regarding the company's decision to purchase Instagram:

Edita Rexha
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In February 2014 Facebook acquired WhatsAppWhatsApp, a company offering a social messaging platform, for $19 billion. Facebook made the acquisition as a defensive investment after analyzing WhatsApp data and determining WhatsApp's ability to compete with Facebook. Facebook awarded 177.8 million shares of FAcebook of Class A common stock, $45.9 billion in cash to the shareholders of WhatApp, and 45.9 million restricted stock units the the employees of WhatsApp. At the time of acquiring WhatsApp the WhatsApp platform had approximately 450 million users, was gaining about 1 million users everyday, and according to OnDevice Research was the worlds most popular smartphone messaging application.

Edita Rexha
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Facebook is a social media and social networking service company that is headquartered in San Francisco, California and was founded in 2004 by Andrew McCollumAndrew McCollum, Chris Hughes, Dustin Moskovitz, Eduardo Saverin, Mark Zuckerberg, and Nicholas Daniel-Richards.

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Acquisitions

Notable acquisitions

...

Oculus

In July 2014 Facebook announced acquiring Oculus, a company making virtual reality products, for $2 billion. Facebook paid $400 million in cash and approximately $1.6 billion in Facebook stock. Facebook also announced offering an additional $300 million in stock and cash if certain milestones are met by the company post-acquisition as performance incentives. The $2 billion acquisition price of Oculus is based on a trading price of Facebook stock at $69.35 per share. Mark Zuckerberg, the CEO and co-founder of Facebook, made the following comments regarding Facebook's decision to acquire Oculus and Facebook's plan for the company:

We’re going to focus on helping Oculus build out their product and develop partnerships to support more games. Oculus will continue operating independently within Facebook to achieve this.
Dawson Sewell
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WhatsApp

In February 2014 Facebook acquired WhatsApp, a company offering a social messaging platform, for $19 billion. Facebook made the acquisition as a defensive investment after analyzing WhatsApp data and determining WhatsApp's ability to compete with Facebook. Facebook awarded 177.8 million shares of FAcebook of Class A common stock, $45.9 billion in cash to the shareholders of WhatApp, and 45.9 million restricted stock units the the employees of WhatsApp. At the time of acquiring WhatsApp the WhatsApp platform had approximately 450 million users, was gaining about 1 million users everyday, and according to OnDevice Research was the worlds most popular smartphone messaging application.

Holden Page
Holden Page approved a suggestion from Golden's AI on 31 Aug, 2020
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Facebook is a social media and social networking service company that is headquartered in San Francisco, California and was founded in 2004 by Andrew McCollum, Chris Hughes, Dustin MoskovitzDustin Moskovitz, Eduardo Saverin, Mark Zuckerberg, and Nicholas Daniel-Richards.

Dawson Sewell
Dawson Sewell edited on 31 Aug, 2020
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On April 9, 2012 Facebook acquired Instagram, a social media company focused on sharing user photos, for $1 billion in a combination of Facebook stock and cash. At the time Facebook acquired Instagram, Instagram had approximately 30 million active users making Instagram the largest purchase ever made by Facebook in terms of both active audience size and price. Mark Zuckerberg, the CEO and co-founder of Facebook, made the following statement regarding the hiscompany's decision to purchase Instagram:

Dawson Sewell
Dawson Sewell edited on 31 Aug, 2020
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Acquisitions

Instagram

On April 9, 2012 Facebook acquired Instagram, a social media company focused on sharing user photos, for $1 billion in a combination of Facebook stock and cash. At the time Facebook acquired Instagram, Instagram had approximately 30 million active users making Instagram the largest purchase ever made by Facebook in terms of both active audience size and price. Mark Zuckerberg, the CEO and co-founder of Facebook, made the following statement regarding his decision to purchase Instagram:

We don't plan on doing many more of these, if any at all, but providing the best photo sharing experience is one reason why so many people love Facebook and we knew it would be worth bringing these two companies together.
Dawson Sewell
Dawson Sewell edited on 31 Aug, 2020
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Thefacebook was the name of the company until August 23, 2005 when the company purchased facebook.com for $200,000 and changed its name to Facebook. Other domains purchased by Facebook include FB.com for $8.5 million in November 2010 from the The American Farm Bureau Federation to give Facebook employees FB.com email addresses. The deal for FB.com also included The American Farm Bureau Federation relinquishing their rights to use FB.org.

Edits on 31 Aug, 2020
Dawson Sewell
Dawson Sewell edited on 31 Aug, 2020
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History

Mark Zuckerberg, Andrew McCollum, Chris Hughes, Dustin Moskovitz, Eduardo Saverin, and Nicholas Daniel-Richards founded Facebook in 2004 during their time studying at Harvard. Before founding Facebook Mark Zuckerberg created and published a website called FaceMash in October 2003 for rating the attractiveness of students at Harvard. FaceMesh quickly gained popularity reaching approximately 22,000 photo views within a few days of its launch before being shutdown. Zuckerberg was summoned to the Harvard Administrative Board and threatened to be expelled from Harvard for creating FaceMesh because he did not have permission to use student photos. The Harvard Administrative Board made the decision to let Zuckerberg continue his education at Harvard, and Zuckerberg went on to create Thefacebook in February 2004 with some of his fellow students at Harvard; Andrew McCollum, Chris Hughes, Dustin Moskovitz, Eduardo Saverin, and Nicholas Daniel-Richards.

Golden AI"Funding autocalculation"
Golden AI edited on 31 Aug, 2020
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Total funding amount (USD)
100,700,000
Total funding amount (USD)
1,920,700,000
Golden AI
Golden AI edited on 31 Aug, 2020
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Funding rounds
Facebook Private equity, June 2013
Golden AI
Golden AI edited on 31 Aug, 2020
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Funding rounds
Facebook Private equity, March 2012
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