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Facebook study p1

Facebook Study Case

Elene Toussaint

MAN 200.002

Prof. Best

May 23, 2013

Facebook study p2

Facebook is the first largest social network on the web. Primarily focused on high school to college students and you can find friends/family members. Facebook has been gaining market share, and more significantly a supportive user base. Since their launch in February 2004 by Mark Zuckerberg Facebook is worth 141 billion with 1 billion of users. According to Floating Facebook “The value of friendship Facebook is likely to become a gargantuan company. That will bring risks as well as rewards” Feb 4th 2012, SAN FRANCISCO, started for Pre- Initial public offering (IPO) “Facebook has techies and venture capitalists been so aflutter”. In addition, the agreed settlement was for 1.2m shares which were worth $300m at Facebook's IPO in 2004. The company structure at IPO is CEO has a voting percentage of 57.9% of the board election which is simple to vote majority and rules of a controlled company. The ownership of Facebook is the Chief Executive Officer (CEO) Mark Zuckerberg and he owns 28.4% of Facebook. Facebook funding before IPO became into the photo which had millions of users, Friendster attempted to acquire the company for $10 million in mid 2004. However, Facebook turned down the offer and subsequently received $12.7 million in funding from Accel Partners. Sean Parker provided the introduction to their first investor, Peter Thiel, cofounder of PayPal and managing partner of “The Founders Fund”. Peter Thiel invested $500,000 into Facebook. In addition, Facebook continued to grow, opening up to high school students in September 2005 into Facebook. The next spring, Facebook received $25 million in funding from Greylock Partners and Meritech Capital, as well as previous investors Accel Partners and Peter Thiel. Facebook subsequently

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