Facebook's Complicated Ownership History Explained (2024)

FAQs

Who are the previous owners of Facebook? ›

Facebook is a social networking service originally launched as TheFacebook on February 4, 2004, before changing its name to simply Facebook in August 2005. It was founded by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes.

Saverin controversially renounced his U.S. citizenship in 2011 to avoid paying $700 million in taxes. His net worth has massively grown since then, with an estimated value of $10.8 billion, primarily due to his ventures and owning two percent of Facebook.

Founding and Initial Shares- When Facebook was founded in February 2004 by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the initial ownership was divided among them.

Facebook was founded by Mark Zuckerberg, along with his college roommates Andrew McCollum, Eduardo Saverin, Chris Hughes, and Dustin Moskovitz.

Who owns Facebook? Facebook is a publicly-traded company, so a single individual or company doesn't own it. Among its majority owners is Mark Zuckerberg, who owns the majority shares of the company.

Facebook was founded in 2004 by Harvard University students Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes. Facebook became the largest social network in the world, with nearly three billion users as of 2021, about half of whom were using Facebook every day.

Anyone who has seen The Social Network knows about Eduardo Saverin and the Winklevoss twins. Facebook co-founder Saverin was forced out, sued Facebook and settled for a 5% stake of the company.

Net worth: $144 billion

Zuckerberg is the longest-standing member of Facebook, serving as the company's CEO and board chairman since the beginning and holding all the power over the company's major decisions. He lives in Palo Alto, Calif. with his wife, Priscilla Chan, and their three daughters.

Dustin Aaron Moskovitz (/ˈmɒskəvɪts/; born May 22, 1984) is an American billionaire internet entrepreneur who co-founded Facebook, Inc. (now known as Meta Platforms) with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes.

Jeff Bezos was the founder of Amazon, Larry Page and Sergey Brin were the co-founders of Google, and Mark Zuckerberg was the co-founder of Facebook. They were instrumental in shaping these companies but don't individually own them entirely.

How much did the Winklevoss twins get from Facebook? ›

In a lengthy lawsuit, Zuckerberg and the twins eventually reached an agreement that saw Tyler and Cameron receive a US$65 million payout from the Facebook boss. The feud was detailed in The Social Network, setting the groundwork for Tyler and Cameron's place in the public eye.

Facebook made a lot of people millionaires but it made 10 people billionaires. The stock opened today at $38 per share. Using that price, Bloomberg calculated the net worth of Facebook's richest employees and investors. They're now worth ten or eleven figures.

How Zuckerberg Betrayed Eduardo Saverin. Business Insider shows that Zuckerberg had been plotting with several people to eliminate Saverin's chances of affecting Facebook. As an LLC, the original company was formed in Florida, so Zuckerberg created a C-Corp in Delaware that would absorb the company in Florida.

E - everyone on or off of Facebook. H - certain subset of people (friends) S - shared to a group. C - usually ads sent to a custom subset of people.

Winklevoss and his brother are known for co-founding HarvardConnection (later renamed ConnectU) along with Harvard classmate Divya Narendra. In 2004, the Winklevoss twins sued Facebook founder Mark Zuckerberg, claiming he stole their ConnectU idea to create the social networking site Facebook.

Mark was born in White Plains, New York. He studied computer science at Harvard University before moving to Palo Alto, California in 2004.

Brazilian billionaire Eduardo Saverin made his immense fortune as one of the young university founders of Facebook alongside Mark Zuckerberg.