When did Mark Zuckerberg establish TheFacebook, Inc.?
Mark Zuckerberg established TheFacebook, Inc. in 2004.
Short answers, pulled from the story.
Mark Zuckerberg established TheFacebook, Inc. in 2004.
Underwriters valued shares at $38 each creating a $104 billion valuation for the newly public entity.
The company rebranded following intense scrutiny and damaging whistleblower leaks while introducing a metaverse vision sent by Oculus lead Jason Rubin in 2018.
A 27% reduction in share price eliminated some $230 billion of value from Meta's market capitalization and total revenue slipped by 1% to $28.8bn in July 2022.
Meta acquired Instagram for approximately US$1 billion in April 2012 WhatsApp for US$19 billion in February 2014 Oculus VR for $2.3 billion later that year Giphy for $400 million in May 2020 Kustomer slightly over $1 billion in November 2020 Lofelt in September 2022 Limitless in December 2025 and Manus AI for $2 billion achieving $100mm in recurring revenue just 8 months after launch.
Ireland's Data Protection Commissioner imposed a record EUR 1.2 billion fine on Meta for transferring data from Europe to United States without adequate protections for EU citizens while the European Data Protection Board issued another €1.2 billion fine in May 2023 for breaching data privacy laws.