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On October 24, 2007, Microsoft announced that it had purchased a 1.6% share of Facebook for $240 million ($353 million in 2023 dollars), giving Facebook a total implied value of around $15 billion ($22 billion in 2023 dollars). Microsoft's purchase included rights to place international advertisements.
In early 2012, Facebook disclosed that its profits had jumped 65% to $1 billion in the previous year when its revenue, which is mainly from advertising, had jumped almost 90% to $3.71 billion. Facebook also reported that 56% of its advertising revenue comes from the United States alone, and that 12% of its revenue comes from Zynga , the social ...
1 Facebook: Meta Platforms United States: 2004 3.070 billion: 2.11 billion daily active users: 2 YouTube: Alphabet Inc. United States: 2005 2.504 billion: 3 WhatsApp: Meta Platforms United States: 2009 2 billion: Had 1 billion daily active users when it had 1.3 billion monthly active users [citation needed] 4 Instagram: Meta Platforms United States
Political party. Republican. Spouse. Matt Danzeisen. . ( m. 2017) . Peter Andreas Thiel ( / tiːl /; born 11 October 1967) is an American entrepreneur, venture capitalist, and political activist. [1] [2] [3] A co-founder of PayPal, Palantir Technologies, and Founders Fund, he was the first outside investor in Facebook.
Mark Elliot Zuckerberg ( / ˈzʌkərbɜːrɡ /; born May 14, 1984) is an American businessman. He co-founded the social media service Facebook, along with his Harvard roommates in 2004, and its parent company Meta Platforms (formerly Facebook, Inc.), of which he is chairman, chief executive officer and controlling shareholder.
Meta Platforms, Inc., [10] doing business as Meta, [11] and formerly named Facebook, Inc., and TheFacebook, Inc., [12] [13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [14]
Dustin Moskovitz. Dustin Aaron Moskovitz [1] ( / ˈmɒskəvɪts /; born May 22, 1984) [2] is an American billionaire internet entrepreneur who co-founded Facebook, Inc. (now known as Meta Platforms) with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes. [3] In 2008, he left Facebook to co-found Asana [4] with Justin Rosenstein.
Facebook did accept investments from companies, and these investments suggested fluctuating valuations for the firm. In 2007 Microsoft beat out Google to purchase a 1.6% stake for $240 million, giving Facebook a notional value of $15 billion at the time.