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April 21, 2015 9:57 AM ET

Internet Software and Services

Company Overview of Facebook, Inc.

Company Overview

Facebook, Inc. operates as a social networking company worldwide. It provides a set of development tools and application programming interfaces that enable developers to integrate with Facebook to create mobile and Web applications. The company’s products include Facebook mobile app and Website that enable people to connect, share, discover, and communicate with each other on mobile devices and personal computers; Messenger, a mobile-to-mobile messaging application available on Android, iOS, and Windows phone devices; Instagram, a mobile application that enable people to take photos or videos, customize them with filter effects, and share them with friends and followers in a photo feed or se...

1601 Willow Road

Menlo Park, CA 94025

United States

Founded in 2004

9,199 Employees

Phone:

650-543-4800

Key Executives for Facebook, Inc.

Co-Founder, Chairman and Chief Executive Officer
Age: 30
Total Annual Compensation: $1.0
Chief Operating Officer and Director
Age: 44
Total Annual Compensation: $988.4K
Chief Technology Officer and Vice President of Engineering
Age: 39
Total Annual Compensation: $710.8K
Vice President of Business and Marketing Partnerships
Age: 42
Total Annual Compensation: $291.5K
Compensation as of Fiscal Year 2013.

Facebook, Inc. Key Developments

Facebook Appoints Robert Bednarski as Director for Central-Eastern Europe

Robert Bednarski, the former head of the Onet.pl, has been appointed as new Director of Facebook for Central-Eastern Europe. His duties will include the management of a sales team in partnership with Facebook's clients from the region.

Facebook Faces Trial over Refunds

A US federal judge on April 11, 2015 announced Facebook must face a nationwide class action lawsuit seeking to force the social media titan to provide refunds when children spend their parents' money on its website without permission.

Facebook Seeks to Halt Privacy Case in Austria

Facebook has presented a long list of procedural objections to an Austrian court trying to halt a class action lawsuit for 25,000 users that accuses the company of violating their privacy. The first day of hearings began with a four-hour session in which Facebook's lawyers tried to convince the judge not to admit the suit brought by law student Max Schrems. The 27-year-old is claiming €500 in damages for each user. The suit is the latest of several legal challenges in Europe and the United States to Facebook for the way it shares users' personal data with businesses or governments.

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