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Facebook: Company Profile


Facebook NASDAQ opening bell

May 18, 2012, Facebook NASDAQ opening bell

Credit: Zef Nikolla

Facebook's Beginnings:

Facebook was founded in 2004 by Mark Zuckerberg. It was a social network for students at Harvard University. Within four months, Zuckerberg with Chris Hughes, Dustin Moskovitz and Eduardo Saverin included 30 other colleges in the network.

Facebook then moved to Palo Alto, California where Napster cofounder Sean Parker became involved, working out of Zukerberg's apartment. Facebook's first funding came from Parker's friend, PayPal cofounder Peter Thiel, who invested $500,000 in the new company.

Facebook's Growth:

In 2004, Zuckerberg rejected a $10 million offer for the company, but did accept $12.7 million in funding from Accell Partners. Valued at $100 million, Facebook opened itself to high school students in 2005. It then opened to work networks, before being made available to anyone in 2006.

In 2006, Zuckerberg turned down a $750 million buy-out offer from Viacom and then a $1 billion offer from Yahoo. In 2007, Microsoft bought a 1.6 percent share in the company for $240 million. While skeptics suggested Microsoft had overbid (revenue was only $150 million annually at that time) Facebook's estimated value and popularity continued to grow. By January 2011, the company was valued at $50 billion. On May 18, 2012 Facebook became a public company with shares trading on the NASDAQ stock exchange for $42.05.

At the time of its Initial Public Offering, 845 people used Facebook at least once a month, while 483 million logged in at least once each day. Over 100 billion friends have connected on Facebook. Users "like" or comment on each others' content 2.7 billion times each day and upload 250 million images each day.

Getting a Job at Facebook

Unlike many other successful companies, Facebook still has a startup atmosphere. Talent is more important than what school you went to, or what degrees you might have. The most important quality for new hires is to be exceptional. "Someone who is exceptional in their role is not just a little better than someone who is pretty good," Mark Zuckerberg said in a 2010 interview. "They are 100 times better."

Competition is stiff. For the hundreds of available jobs at Facebook, the company receives about 250,000 applications per year. Facebook is known for buying other startups. It has bought over 28 companies, often more for the talent working there than for the products those companies have made.

Positions at Facebook

At the time of publication, Facebook has hundreds of job openings world-wide. Not all of these are limited to tech positions, although technology is the main focus of most of the jobs there. Sales and marketing professionals, legal and financial specialists and administrators are also needed, as well as most of the other types of positions one would associate with a thriving corporation. See Facebook's career page for a list of current openings.

  • Software Engineers
  • Database Engineers
  • Storage Engineers
  • Security Engineers
  • Product Designers
  • Market Researchers
  • Content Strategists
  • Communication Designers
  • Operations Analysts
  • Monetization Analysts
  • Technical Account Managers

Facebook Locations

Facebook has 32 offices throughout the United States and across the world. Locations in the US include its headquarters in Menlo Park, California; Los Angeles; Atlanta; Chicago; Austin; Dallas; Detroit; Miami, New York City; Prineville, Oregon, Seattle, Washington; and Washington DC.

Facebook Company Culture

As the world's most popular website, Facebook believes in its role in shaping the World Wide Web and is looking for employers who want to be part of that change.

"We're leading a social movement," Facebook's career page reads, "by building ground-breaking technology that gives people the power to share and makes the world more open and connected… We're looking for dynamic people that get excited by big questions and unsolved problems."

Employees receive full medical and dental insurance, free meals, state-of-the-art gyms, and 21 vacation days each year. New parents receive 4-months parental leave, daycare and adoption fee reimbursement as well as $4,000 "baby cash."

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