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An investment report in 2011 valued the company at $50 billion. [8] Zuckerberg wanted to wait to conduct an initial public offering, saying in 2010 that "we are definitely in no rush." [9] But since by 2012 Facebook had more than 500 round lot (over 100 shares) stockholders, Facebook was subject to the SEC disclosure rules starting the next ...
In the summer of 2004, venture capitalist Peter Thiel made a $500,001 angel investment in the social network Facebook for 10.2% of the company and joined Facebook's board. This was the first outside investment in Facebook. [59] [60] [61]
As president, Parker brought on Thiel as Facebook's first investor. [3] In the initial round of funding, he negotiated for Zuckerberg to retain three of Facebook's five board seats, which gave Zuckerberg control of the company and allowed Facebook the freedom to remain a private company. [2] [3] Additionally, Parker is said to have championed ...
All the noise generated by the news of Facebook's filing to go public reached near-deafening levels last week, with essentially every media outlet (this one included) covering the story. And while ...
Facebook has drawn controversy ever since its initial public offering, and in the aftermath of its botched IPO, many investors swore they'd never own shares of the social-media giant. Yet thanks ...
As of December 2022, Facebook claimed almost 3 billion monthly active users. [7] As of October 2023, Facebook ranked as the third-most-visited website in the world, with 22.56% of its traffic coming from the United States. [8][9] It was the most downloaded mobile app of the 2010s.
Mark Zuckerberg launched Facebook in 2004 and took the company public in 2012. In November 2021, Facebook changed its name to Meta Platforms, Inc. The company owns Instagram , its flagship ...
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. [4][5] As of July 2024, Thiel had an estimated net worth of $11.2 billion and was ranked 212th ...