February 20, 2017 6:40 PM ET

Internet Software and Services

Company Overview of Facebook, Inc.

Company Overview

Facebook, Inc. provides various products to connect and share through mobile devices, personal computers, and other surfaces worldwide. Its solutions include Facebook Website and mobile application that enables people to connect, share, discover, and communicate each other on mobile devices and personal computers; 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 to communicate with people and businesses across platforms and devices; and WhatsApp Messenger, a mobile messaging application. The company als...

1601 Willow Road

Menlo Park, CA 94025

United States

Founded in 2004

17,048 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

Mina Lefevre to Join Facebook Team as Head of Development

Mina Lefevre to join the Facebook team as head of development and will work to create content for the social network.

Max Schrems Against Facebook's Transfer of Personal Data from Europe to the US is Being Heard in an Irish Court

A campaign by Austrian privacy lawyer Max Schrems against Facebook's transfer of personal data from Europe to the US is being heard in an Irish court from February 7, 2017, the latest twist in a long legal battle. The landmark case in Ireland, where the company has its European headquarters, will have serious repercussions for personal privacy policies and trans-Atlantic business. The US government will be allowed to make representations to the court, underlining the importance of the case. Ireland's Data Protection Commissioner (DPC) is asking the country's High Court to refer the mechanisms used to transfer data between the EU and the US to the European Court of Justice, saying that such issues cannot be decided at national level. The legal action follows a complaint to the DPC by Schrems about Facebook's use of so-called standard contractual clauses (SCCs) to transfer personal data from Europe to the US. SCCs are now widely used by data exporters and are intended to allow for the legal transfer of data from EU citizens as long as 'adequate protection' is in place. Facebook argues there is nothing wrong with the current system and that there is no need for a referral. It was forced to switch to SCCs last year after the European Court of Justice ruled in 2015 that the Safe Harbour framework, which had governed the EU-US flow of personal data, contravened EU law because the privacy of European citizens could not be guaranteed in the US. The SCCs are considered as something of a stopgap measure designed to allow the transfer of data, pending agreement on a more comprehensive regime. The hearings in Dublin are due to last three weeks.

Facebook Names Tamara Hrivnak to Head Global Music Strategy and Business Development

Facebook has hired Tamara Hrivnak to head its global music strategy and business development. The former director of music partnerships at YouTube and Google Play is a veteran of the music business, having spent almost eight years at Warner Music Group and Warner/Chappell before joining Google in 2011.

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