Facebook has come a long way since its humble beginnings in a Harvard dorm room. The social network had 58,604 full-time employees as of December 2020, up from just 150 people in 2006. In 2019, total key executive compensation amounted to 112.84 million U.S. dollars. Key executives of the company include CEO and founder Mark Zuckerberg, COO Sheryl Sandberg and CFO David Wehner.
Facebook: how it all began
In 2003, a sophomore at named Mark Zuckerberg hacked into protected areas of the university's computer network in order to find photos of other students. He then would pair two of them next to each other on a program called “Facemash” and ask users to choose the more attractive person. At the beginning of 2004, Zuckerberg launched “The Facebook,” a social network dedicated to Harvard students, which later grew to encompass Columbia, Yale and Stanford. The popularity of this new service sky-rocketed and in mid-2004, Zuckerberg interrupted his studies and moved his operation to Palo Alto, California, in the heart of Silicon Valley. By 2006, Facebook was open to the general public.
In 2020, the company reported almost 86 billion U.S. dollars in revenue and a net income of 29.15 billion US dollars. It is also the most popular social network in the world, with 2.7 billion monthly active users as of December 2020.
Facebook employee diversity criticism
Like many other tech companies, Facebook has been criticized for having a diversity problem. As of June 2020, tech positions, as well as management roles in U.S. offices were overwhelmingly occupied by men. Furthermore, almost 41 percent of Facebook employees in the U.S. are White and only 3.9 percent are African-American, which has sparked concern regarding representation and equal opportunities. Around 63.2 percent of senior level positions are occupied by White employees and only 4.3 percent by Hispanic-Americans.
Number of full-time Facebook employees from 2004 to 2020
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Facebook. (January 28, 2021). Number of full-time Facebook employees from 2004 to 2020 [Graph]. In Statista. Retrieved April 15, 2021, from https://www.statista.com/statistics/273563/number-of-facebook-employees/
Facebook. "Number of full-time Facebook employees from 2004 to 2020." Chart. January 28, 2021. Statista. Accessed April 15, 2021. https://www.statista.com/statistics/273563/number-of-facebook-employees/
Facebook. (2021). Number of full-time Facebook employees from 2004 to 2020. Statista. Statista Inc.. Accessed: April 15, 2021. https://www.statista.com/statistics/273563/number-of-facebook-employees/
Facebook. "Number of Full-time Facebook Employees from 2004 to 2020." Statista, Statista Inc., 28 Jan 2021, https://www.statista.com/statistics/273563/number-of-facebook-employees/
Facebook, Number of full-time Facebook employees from 2004 to 2020 Statista, https://www.statista.com/statistics/273563/number-of-facebook-employees/ (last visited April 15, 2021)