Facebook Inc

Description

Facebook, Inc is an American social networking company that owns and operates various online social media platforms.

It owns the popular social media networking platform Facebook, which is available across digital devices, personal computers, smartphones, etc.

Facebook facilitates online sharing of ideas among people, their photographs, videos, music, news, etc.

Individuals should be at least 13-year-old to sign up and become a registered user on Facebook, which is further subject to local regulations. In addition, it is also functioning as a talent showcase platform.

People also engage in online selling and purchase through Facebook. In 2020, the tech giant launched Facebook Shops to help small businesses engage with customers online. As of December 2020, Facebook had around 2.8 billion monthly active users.

The users can also create an individual Facebook page to promote their businesses or publish their content.

Founder Mark Elliot Zuckerberg along with four members established the company in 2004. Chris R. Hughes, Eduardo P. Saverin, Andrew McCollum, and Dustin Moskovitz were the co-founders of Facebook. The global headquarters are located in California, the United States.

The online platform was initially available for students at the Harvard. However, it eventually became available for everyone across the globe.

Facebook is reportedly among the famous technology giants in the United States. The company has a global presence except for few countries like North Korea, China, etc.

The social networking platform also allows outside developers to build apps and integrate with them.

The other social media applications owned by Facebook includes:

• Instagram: It is a mobile application where the user can create, store or share photos and videos with friends and followers.

• WhatsApp: Facebook also owns another messaging application, WhatsApp, which is primarily a mobile application and can be used on other digital devices using WhatsApp Web.

• Messenger: It is an online messaging platform where people can instantly share or receive information.

The social media company also owns a virtual reality (VR) platform named Facebook Reality Labs. The United States segment contributes a major portion to the total revenue, the company claims.

Facebook is listed on NASDAQ and trades under the symbol 'FB'.