Facebook is among the most valuable companies all around the world. According to most sources, it is the most commonly used social media platform with almost 3 billion monthly active users. When we see the platform achieving the huge success, the question of “Who Owns Facebook?” arises quickly.
When we look at Facebook’s place among technology companies, the platform can easily be in place among Microsoft, Apple, Google, and Amazon. So, who owns Facebook anyway? You have probably heard the name of the technology genius, Mark Zuckerberg.
When Was Facebook Created?
Facebook’s foundation story is fascinating. Facebook was founded by Mark Zuckerberg and his roommates in a dormitory room at Harvard University in June 2004 to be an American social media service. Mr. Zuckerberg founded the site at the age of 20 while studying at Harvard University. The first domain name was TheFacebook.com. When he and his friends created The Facebook, the website allowed users to create their profiles, upload and share a photo, and communicate with other users. The number of Facebook users reached 5.5 million in December 2005- just a year later. Because of this, the website attracted popular companies’ attention, and many companies, such as Yahoo, had wished to make the acquisition, but Zuckerberg turned down offers. Instead, he focused on growth and adding more features on the website.
Nowadays, the company offers different types of products and services from Facebook Messenger to Facebook Watch. Moreover, the Facebook company bought up Instagram, Whatsapp, Giphy and Mapillary, and Oculus VR.
How Did Facebook Begin?
Zuckerberg, one of Facebook’s owners, stood out by creating FaceMash; his purpose was to compare which woman was more beautiful than the other one at his school. However, he ran afoul of not only many women’s groups but also school administration. Because of this, FaceMash was short-lived, but Mark understood the value of creating a social media service. He laid the foundations of Facebook, and the platform launched as TheFacebook on 4 February. Over thousands of students signed up on the platform within the first 24 hours. At the end of that year, Facebook reached 1 million active users. So, Zuckerberg had left Harvard to head the Facebook company in California. Meanwhile, Peter Thiel, a billionaire entrepreneur and venture capitalist invested $500,000 on Facebook.
After that, Facebook has been spreading worldwide and has become one of the most significant companies of the 21st Century. On the other side, Facebook faced heavy criticisms such as selling and using its users’ information because of false news and fake accounts. The truth is that Facebook makes money through ads; it has one of the most significant market shares among social media platforms.
FAQs About Who Owns Facebook
The date is 4 February 2004. Mark had built Facebook to connect his school students, but thousands of people signed up for the website the next day. That day would be the first day to reach millions. That year Mark Zuckerberg dropped out of Harvard University and moved his company to California.
The answer is not so stranger; TheFacebook.
You have most probably known only one name, Mark Zuckerberg. However, when Mark set up the platform, he was not alone. Facebook is a social network founded by five people; Andrew McCollum, Eduardo Saverin, Dustin Moskovitz, Chris Hughes, and Mark Zuckerberg.
The founder and CEO of Facebook are still Mark Zuckerberg, and he has almost 30 percent of the Facebook shares.
Including Mark Zuckerberg (29.3%), Facebook has many shareholders; Jim Breyer & Accel Partners (11.4%), Dustin Moskovitz (7.6%), Yuri Milner & Digital Sky Technologies (5.4%), Eduardo Saverin (5%), Sean Parker (4%), Peter Thiel (2.5%), Microsoft (1.3%), Chris Hughes (1%) and Li Ka-Shing (0.8%) are ten wealthiest shareholders of Facebook.
Who Owns Facebook In Short
Now, Facebook’s one of the most popular companies, and it has over 3 billion monthly active users. When Mark Zuckerberg set up Facebook, the platform reached millions of users in leaps and bounds. It is the biggest company that has started the social media revolution. Therefore, the website has made Mr. Zuckerberg one of the richest men worldwide. The company has also taken critical steps in many areas, including wearable technology. You may have heard the Oculus Rift; it is a Facebook company product. The company has many shareholders, and even some of its shares have been offered to the public. On the other side, Mark Zuckerberg, the founder, CEO, and the person who owns Facebook, still has the highest share percentage among other shareholders.
Thanks for reading our article. If you liked it, you may like our other Facebook articles as well. You may like our article about how much did Facebook buy Instagram for.