September 29, 2016 9:40 AM ET

Internet Software and Services

Company Overview of Facebook, Inc.

Company Overview

Facebook, Inc. operates as a mobile application and Website that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers worldwide. Its solutions also include Instagram, a mobile application that enables people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or send them directly to friends; Messenger, a messaging application for mobile and Web on various platforms and devices, which enable people to reach others instantly, as well as enable businesses to engage with customers; and WhatsApp Messenger, a mobile messaging application. The company also develops Oculus ...

1601 Willow Road

Menlo Park, CA 94025

United States

Founded in 2004

14,495 Employees

Phone:

650-543-4800

Key Executives for Facebook, Inc.

Founder, Chairman of the Board and Chief Executive Officer
Age: 32
Total Annual Compensation: $1.0
Chief Financial Officer and Member of Equity Subcommittee
Age: 47
Total Annual Compensation: $1.3M
Chief Operating Officer, Director and Member of Equity Subcommittee
Age: 46
Total Annual Compensation: $2.0M
Chief Technology Officer and Vice President of Engineering
Age: 41
Total Annual Compensation: $1.6M
Chief Product Officer
Age: 33
Total Annual Compensation: $1.5M
Compensation as of Fiscal Year 2015.

Facebook, Inc. Key Developments

Facebook Faces Legal Action in India over WhatsApp Privacy Policy

Two Indian students filed litigation in the Delhi High Court asking the Facebook, Inc. to withdraw recent privacy policy changes to its messaging service subsidiary WhatsApp. Karmanya Singh Sareen and Shreya Sethi's filing, which is similar to a class-action lawsuit, asked the social networking giant to withdraw recent privacy policy changes to its messaging service WhatsApp Inc. They claim the updates threaten the rights of millions of users, adding that they also asked the court to require the government to establish privacy guidelines for messaging apps. In response to the petition, notices have reportedly been issued to Facebook and WhatsApp, as well as the Indian government and its telecoms regulator, requesting that they prepare their stand for the high court. This comes after WhatsApp changed its privacy policy in August to start sharing user data with its parent company Facebook and enable direct messaging with businesses. The move is already under scrutiny by the U.S. Federal Trade Commission and European Union.

Facebook Appoints Anand Chandrasekaran as Chief Product Officer

Facebook announced that it has appointed former chief product officer at Snapdeal and Bharti Airtel, Anand Chandrasekaran for its Messenger platform. In a global role, Chandrasekaran will be working out of the Silicon Valley headquarters of the company and will help develop strategies and partnerships for the platform that already boasts of a billion users globally.

Facebook to Open Data Center in New Mexico in October

Facebook announced decision to build a new data center in New Mexico. It found a home in New Mexico for their $250 million data center.

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