Facebook, Inc.

From Wikipedia, the free encyclopedia
  (Redirected from Facebook Inc)
Jump to navigation Jump to search
Facebook, Inc.
Traded as
ISINUS30303M1027 Edit this on Wikidata
FoundedFebruary 4, 2004; 16 years ago (2004-02-04) in Cambridge, Massachusetts
Area served
Worldwide (except blocked countries)
Key people
RevenueIncrease US$70.697 billion (2019)
Decrease US$23.986 billion (2019)
Decrease US$18.485 billion (2019)
Total assetsIncrease US$133.376 billion (2019)
Total equityIncrease US$101.054 billion (2020)
OwnerMark Zuckerberg (controlling shareholder)
Number of employees
52,534 (June 30, 2020)
DivisionsFacebook Financial[2]
Footnotes / references

Facebook, Inc. (stylized as FACEBOOK) is an American social media conglomerate corporation based in Menlo Park, California. It was founded by Mark Zuckerberg, along with his fellow roommates and students at Harvard College, who were Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes, originally as TheFacebook.com—today's Facebook, a popular global social networking website. Facebook is one of the world's most valuable companies. It is considered one of the Big Five technology companies along with Microsoft, Amazon, Apple, and Google.

Facebook offers other products and services beyond its social networking platform, including Facebook Messenger, Facebook Watch, and Facebook Portal. It also has acquired Instagram, WhatsApp, Oculus, Giphy and Mapillary, and has a 9.9% stake in Jio Platforms.[9]


Billboard on the Thomson Reuters building welcomes Facebook to NASDAQ, 2012
Chart of Facebook's stock

Facebook filed for an initial public offering (IPO) on February 1, 2012.[10] The preliminary prospectus stated that the company was seeking to raise $5 billion. The document announced that the company had 845 million active monthly users and its website featured 2.7 billion daily likes and comments.[11] After the IPO, Zuckerberg would retain a 22% ownership share in Facebook and would own 57% of the voting shares.[12]

Underwriters valued the shares at $38 each, pricing the company at $104 billion, the largest valuation to date for a newly public company.[13] On May 16, one day before the IPO, Facebook announced that it would sell 25% more shares than originally planned due to high demand.[14] The IPO raised $16 billion, making it the third largest in U.S. history (just ahead of AT&T Wireless and behind only General Motors and Visa).[15][16] The stock price left the company with a higher market capitalization than all but a few U.S. corporations – surpassing heavyweights such as Amazon, McDonald's, Disney, and Kraft Foods – and made Zuckerberg's stock worth $19 billion.[15][16] The New York Times stated that the offering overcame questions about Facebook's difficulties in attracting advertisers to transform the company into a "must-own stock". Jimmy Lee of JPMorgan Chase described it as "the next great blue-chip".[15] Writers at TechCrunch, on the other hand, expressed skepticism, stating, "That's a big multiple to live up to, and Facebook will likely need to add bold new revenue streams to justify the mammoth valuation".[17]

Trading in the stock, which began on May 18, was delayed that day due to technical problems with the NASDAQ exchange.[18] The stock struggled to stay above the IPO price for most of the day, forcing underwriters to buy back shares to support the price.[19] At closing bell, shares were valued at $38.23,[20] only $0.23 above the IPO price and down $3.82 from the opening bell value. The opening was widely described by the financial press as a disappointment.[21] The stock nonetheless set a new record for trading volume of an IPO.[22] On May 25, 2012, the stock ended its first full week of trading at $31.91, a 16.5% decline.[23]

On May 22, 2012, regulators from Wall Street's Financial Industry Regulatory Authority announced that they had begun to investigate whether banks underwriting Facebook had improperly shared information only with select clients, rather than the general public. Massachusetts Secretary of State William Galvin subpoenaed Morgan Stanley over the same issue.[24] The allegations sparked "fury" among some investors and led to the immediate filing of several lawsuits, one of them a class action suit claiming more than $2.5 billion in losses due to the IPO.[25] Bloomberg estimated that retail investors may have lost approximately $630 million on Facebook stock since its debut.[26]

Standard & Poor's added Facebook, Inc. to its S&P 500 index on December 21, 2013.[27]

On May 2, 2014, Zuckerberg announced that the company would be changing its internal motto from "Move fast and break things" to "Move fast with stable infrastructure".[28][29] The earlier motto had been described as Zuckerberg's "prime directive to his developers and team" in a 2009 interview in Business Insider, in which he also said "Unless you are breaking stuff, you are not moving fast enough."[30]

In May 2019, Facebook founded Libra Networks, reportedly in order to develop their own stablecoin cryptocurrency.[31] In recent developments it has been reported that Libra is being supported by financial companies like Visa, Mastercard, PayPal and Uber. The consortium of companies is expected to pool in $10 million each to fund the launch of the cryptocurrency coin named Libra.[32]

Mergers and acquisitions[edit]

Throughout its existence, Facebook has acquired multiple companies (often identified as talent acquisitions).[33]

One of its first major acquisitions was in April 2012, when Facebook acquired Instagram for approximately US$1 billion in cash and stock.[34]

In October 2013, Facebook acquired Onavo, an Israeli mobile web analytics company.[35][36]

In February 2014, Facebook announced that it would be buying mobile messaging company WhatsApp for US$19 billion in cash and stock.[37][38] Later that year, Facebook bought Oculus VR for $2.3 billion in stock and cash,[39] which released its first consumer virtual reality headset in 2016.

In late July 2019, the company announced it was under antitrust investigation by the Federal Trade Commission.[40]

In late November 2019, Facebook announced the acquisition of game developer Beat Games, responsible for developing one of the year's most popular VR titles, Beat Saber.[41]

In April 2020, Facebook announced a $5.7 billion deal with the Indian multinational conglomerate Reliance Industries to purchase approximately 10 percent of Jio Platforms, Reliance's digital media and services entity.[42]

In May 2020, Facebook announced that they had acquired Giphy for a reported cash price of $400 million. The product will be integrated with the Instagram team.


In 2019 Facebook spent $16.7m on lobbying and had a team of 71 lobbyists, up from $12.6m and 51 lobbyists in 2018.[43]



Facebook's key management personnel consists of:[44]

As of September 30, 2019, Facebook had 43,030 employees.[46]

Board of directors[edit]

In April 2019, Facebook nominated Peggy Alford to be added as a board member during the May 2019 AGM. If this happens, she will become the first African-American woman to serve in this board, and the second African-American ever to do so.[47] As of April 2019, Facebook's board consists of the following directors;[44]

Company governance[edit]

Early Facebook investor and former Zuckerberg mentor Roger McNamee described Facebook as having "the most centralized decision-making structure I have ever encountered in a large company."[48] Nathan Schneider, a professor of media studies at the University of Colorado Boulder argued for transforming Facebook into a platform cooperative owned and governed by the users.[49]

Facebook co-founder Chris Hughes states that CEO Mark Zuckerberg has too much power, that the company is now a monopoly, and that, as a result, it should be split into multiple smaller companies. Hughes called for the breakup of Facebook in an op-ed on The New York Times. Hughes says he's concerned that Zuckerberg has surrounded himself with a team that doesn't challenge him and that as a result, it's the U.S. government's job to hold him accountable and curb his "unchecked power." [50] Hughes also said that "Mark's power is unprecedented and un-American."[51] Several U.S. politicians agree with Hughes.[52] European Union Commissioner for Competition Margrethe Vestager has stated that splitting Facebook should only be done as "a remedy of the very last resort", and that splitting Facebook would not solve Facebook's underlying problems.[53]


(in millions US$)
Year Revenue Growth
2004 $0.4[54]
2005 $9[54] 2150%
2006 $48[54] 433%
2007 $153[54] 219%
2008 $280[55] 83%
2009 $775[56] 177%
2010 $2,000[57] 158%
2011 $3,711[58] 86%
2012 $5,089[59] 37%
2013 $7,872[59] 55%
2014 $12,466[60] 58%
2015 $17,928[61] 44%
2016 $27,638[62] 54%
2017 $40,653[63] 47%
2018 $55,838[64] 38%
2019 $70,697[65] 27%

Facebook ranked No. 76 in the 2018 Fortune 500 list of the largest United States corporations by revenue.[66] Most comes from advertising.[67][68] One analysis of 2017 data determined that the company earned US$20.21 per user from advertising.[69]

Number of advertisers[edit]

In February 2015, Facebook announced that it had reached two million active advertisers with most of the gain coming from small businesses. An active advertiser is an advertiser that has advertised on the Facebook platform in the last 28 days.[70] In March 2016, Facebook announced that it reached three million active advertisers with more than 70% from outside the US.[71] Prices for advertising follow a variable pricing model based on ad auction bids, potential engagement levels of the advertisement itself. Similar to other online advertising platforms like Google and Twitter, targeting of advertisements is one of the chief merits of advertising vs. traditional mass advertising modes like television and print. Marketing on Facebook is employed through two methods based on the surfing habits, likes and shares, and purchasing data of the audience, namely targeted audiences and "look alike" audiences.[72]

Tax affairs[edit]

The US IRS challenged the valuation Facebook used when it transferred IP from the US to Facebook Ireland in 2010 (which Facebook Ireland then revalued higher before charging out), as it was building its double Irish tax structure.[73][74] The case is ongoing and Facebook faces a potential fine of $3–5bn.[75]

The US Tax Cuts and Jobs Act of 2017 changed Facebook's global tax calculations. Facebook Ireland is subject to the US GILTI tax of 10.5% on global intangible profits (i.e. Irish profits). On the basis that Facebook Ireland is paying some tax, the effective minimum US tax for Facebook Ireland will be circa 11%. In contrast, Facebook Inc. would incur a special IP tax rate of 13.125% (the FDII rate) if its Irish business relocated to the US. Tax relief in the US (21% vs. Irish at the GILTI rate) and accelerated capital expensing, would make this effective US rate around 12%.[76][77][78]

The insignificance of the US/Irish tax difference was demonstrated when Facebook moved 1.5bn non-EU accounts to the US to limit exposure to GDPR.[79][80]



Users outside of the US and Canada contract with Facebook's Irish subsidiary "Facebook Ireland Limited". In return, This allows Facebook to avoid US taxes for all users in Europe, Asia, Australia, Africa and South America. Facebook is making use of the Double Irish arrangement which allows it to pay just about 2–3% corporation tax on all international revenue.[81] In 2010, Facebook opened its fourth office, in Hyderabad India.[82][83][84][85]

Facebook's Hyderabad centre houses online advertising and developer support teams and provide support to users and advertisers.[86] In India Facebook is registered as 'Facebook India Online Services Pvt Ltd'.[87][88][89] It also has support centers in Dublin,[clarification needed] California, Ireland and Austin, Texas.[90]

Facebook opened its London headquarters in 2017 in Fitzrovia in central London. Facebook opened an office in Cambridge, Massachusetts in 2018. The offices were initially home to Facebook's "Connectivity Lab", a group focused on bringing Internet access those who do not have access to the Internet.[91]

Data centres[edit]

As of 2019 the company operated 16 data centre locations.[92] Facebook committed to purchase 100 percent renewable energy and reduce its greenhouse gas emissions by 75 percent by 2020.[93] Data center technologies include Fabric Aggregator, a distributed network system that accommodates larger regions and varied traffic patterns.[94]


  1. ^ "Chris Cox is returning to Facebook as chief product officer". The Verge. 2020-06-11. Retrieved 2020-06-11.
  2. ^ "Facebook is getting more serious about becoming your go-to for mobile payments". The Verge. 2020-08-11. Retrieved 2020-08-11.
  3. ^ "Our History". Facebook. Retrieved November 7, 2018.
  4. ^ Shaban, Hamza (February 20, 2019). "Digital advertising to surpass print and TV for the first time, report says". The Washington Post. Retrieved June 2, 2019.
  5. ^ "FB Income Statement". NASDAQ.com.
  6. ^ "FB Balance Sheet". NASDAQ.com.
  7. ^ "Stats". Facebook. June 30, 2019. Retrieved July 25, 2019.
  8. ^ "Facebook - Financials". investor.fb.com. Retrieved 2020-01-30.
  9. ^ "Facebook Invests $5.7 Billion in Indian Internet Giant Jio". The New York Times. 2020-04-22. Retrieved 2020-04-22.
  10. ^ "Form S-1 Registration Statement Under The Securities Act of 1933". February 1, 2012. Retrieved May 18, 2012.
  11. ^ Erickson, Christine (February 3, 2012). "Facebook IPO: The Complete Guide". Mashable business. Retrieved March 23, 2012.
  12. ^ Helft, Miguel; Hempel, Jessi (March 19, 2012). "Inside Facebook". Fortune. 165 (4): 122. Archived from the original on March 5, 2012. Retrieved April 3, 2012.
  13. ^ Andrew Tangel; Walter Hamilton (May 17, 2012). "Stakes are high on Facebook's first day of trading". The Los Angeles Times. Archived from the original on May 18, 2012. Retrieved May 17, 2012.
  14. ^ "Facebook boosts number of shares on offer by 25%". BBC News. May 16, 2012. Retrieved May 17, 2012.
  15. ^ a b c Evelyn M. Rusli; Peter Eavis (May 17, 2012). "Facebook Raises $16 Billion in I.P.O." The New York Times. Retrieved May 17, 2012.
  16. ^ a b Bernard Condon (May 17, 2012). "Questions and answers on blockbuster Facebook IPO". U.S. News. Associated Press. Retrieved May 17, 2012.[permanent dead link]
  17. ^ Doug Gross (March 17, 2012). "Internet greets Facebook's IPO price with glee, skepticism". CNN. Retrieved May 17, 2012.
  18. ^ Jenny Straburg; Jacob Bunge (May 18, 2012). "Trading Problems Persisted After Opening for Facebook's IPO". The Wall Street Journal. Retrieved May 18, 2012.
  19. ^ Jacob Bunge; Jenny Strasburg; Ryan Dezember (May 18, 2012). "Facebook Falls Back to IPO Price". The Wall Street Journal. Retrieved May 18, 2012.
  20. ^ Michael J. De La Mercred (May 18, 2012). "Facebook Closes at $38.23, Nearly Flat on Day". The New York Times. Retrieved May 18, 2012.
  21. ^ Jolie O'Dell (May 18, 2012). "Facebook disappoints on its opening day, closing down $4 from where it opened". Venture Beat. Retrieved May 18, 2012.
  22. ^ "Facebook Sets Record For IPO Trading Volume". The Wall Street Journal. May 18, 2012. Archived from the original on May 22, 2012. Retrieved May 18, 2012.
  23. ^ Brian Womack; Amy Thomson (May 21, 2012). "Facebook falls below $38 IPO price in second day of trading". The Washington Post. Bloomberg. Retrieved May 21, 2012.
  24. ^ Evelyn M. Rusli and Michael J. De La Merced (May 22, 2012). "Facebook I.P.O. Raises Regulatory Concerns". The New York Times. Retrieved May 22, 2012.
  25. ^ James Temple; Casey Newton (May 23, 2012). "Litigation over Facebook IPO just starting". The San Francisco Chronicle. Retrieved May 24, 2012.
  26. ^ Eichler, Alexander (May 24, 2012). "Wall St. Cashes In On Facebook Stock Plunge While Ordinary Investors Lose Millions". Huffington Post.
  27. ^ "Facebook to join S&P 500". Reuters. Thomson Reuters. December 11, 2013. Retrieved December 13, 2017.
  28. ^ Baer, Drake. "Mark Zuckerberg Explains Why Facebook Doesn't 'Move Fast And Break Things' Anymore". Business Insider.
  29. ^ "Facebook can't move fast to fix the things it broke". Engadget.
  30. ^ Blodget, Henry (1 October 2009). "Mark Zuckerberg On Innovation". Business Insider. Retrieved 17 September 2019.
  31. ^ "Bitcoin Above $8,000; Facebook Opens Crypto Company in Switzerland". Investing.com. May 20, 2019.
  32. ^ Reiff, Nathan. "Facebook Gathers Companies to Back Cryptocurrency Launch". Investopedia. Retrieved 2019-06-18.
  33. ^ Helft, Miguel (May 17, 2011). "For Buyers of Web Start-Ups, Quest to Corral Young Talent". The New York Times. Retrieved November 25, 2019.
  34. ^ "Facebook buys Instagram for $1 billion". weebly. Archived from the original on 2013-10-07. Retrieved 2012-04-04.
  35. ^ Lunden, Ingrid (October 13, 2013). "Facebook Buys Mobile Data Analytics Company Onavo, Reportedly For Up To $200M… And (Finally?) Gets Its Office In Israel". TechCrunch.
  36. ^ Rosen, Guy (November 7, 2013). "We are joining the Facebook team". Onavo Blog. Archived from the original on November 7, 2013. Retrieved January 30, 2019.
  37. ^ Covert, Adrian (February 19, 2014). "Facebook buys WhatsApp for $19 billion". CNNMoney. CNN. Retrieved June 15, 2017.
  38. ^ Stone, Brad (February 20, 2014). "Facebook Buys WhatsApp for $19 Billion". Bloomberg. Retrieved June 15, 2017.
  39. ^ Plunkett, Luke (March 25, 2014). "Facebook Buys Oculus Rift For $2 Billion". Kotaku.com. Retrieved March 25, 2014.
  40. ^ Cox, Kate. "The FTC is investigating Facebook. Again". ars Technica. Retrieved 11 August 2019.
  41. ^ https://www.polygon.com/2019/11/26/20984478/facebook-acquires-beat-saber-beat-games-vr-modding/
  42. ^ https://www.reuters.com/article/us-facebook-reliance-jio/facebook-bets-on-india-with-57-billion-reliance-deal-idUSKCN22404I
  43. ^ "Client Profile: Facebook Inc". Center for Responsive Politics. Retrieved 4 February 2020.
  44. ^ a b "Facebook Management". Facebook Investor Relations. Facebook. Retrieved March 29, 2019.
  45. ^ "Chris Cox is returning to Facebook as chief product officer". The Verge. Retrieved 2020-06-11.
  46. ^ "Company Info". Facebook Newsroom. Facebook. December 31, 2018. Retrieved March 29, 2019.
  47. ^ "Peggy Alford Nominated to Facebook's Board of Directors | Facebook Newsroom". Facebook. Retrieved April 16, 2019.
  48. ^ Bissell, Tom (January 29, 2019). "An Anti-Facebook Manifesto, by an Early Facebook Investor" – via NYTimes.com.
  49. ^ Schneider, Nathan; Cheadle, Harry (March 27, 2018). "It's Time for Mark Zuckerberg to Give Up Control of Facebook". Vice.
  50. ^ Brown, Shelby. "Facebook co-founder Chris Hughes calls for company's breakup". CNET.
  51. ^ Hughes, Chris (May 9, 2019). "Opinion | It's Time to Break Up Facebook". The New York Times – via NYTimes.com.
  52. ^ Brown, Shelby. "More politicians side with Facebook co-founder on breaking up company". CNET.
  53. ^ Collins, Katie. "EU competition commissioner: Facebook breakup would be 'last resort'". CNET.
  54. ^ a b c d Tsotsis, Alexia (February 1, 2012). "Facebook's IPO: An End To All The Revenue Speculation". TechCrunch. Retrieved May 21, 2015.
  55. ^ Arrington, Michael (May 19, 2009). "Facebook Turns Down $8 billion Valuation Term Sheet, Claims 2009 Revenues Will Be $550 million". TechCrunch. Retrieved July 13, 2010.
  56. ^ Tsotsis, Alexia (January 5, 2011). "Report: Facebook Revenue Was $777 Million In 2009, Net Income $200 Million". TechCrunch. Retrieved January 5, 2011.
  57. ^ Womack, Brian (December 16, 2010). "Facebook 2010 Sales Said Likely to Reach $2 Billion, More Than Estimated". Bloomberg. New York. Retrieved January 5, 2011.
  58. ^ "Facebook Reports Fourth Quarter and Full Year 2012 Results". Facebook. Facebook. January 30, 2013. Archived from the original on January 31, 2013. Retrieved February 7, 2014.
  59. ^ a b "Facebook Reports Fourth Quarter and Full Year 2013 Results". Facebook. Facebook. January 29, 2014. Archived from the original on February 9, 2014. Retrieved February 7, 2014.
  60. ^ "Facebook Reports Fourth Quarter and Full Year 2014 Results". Facebook. Facebook. Archived from the original on January 29, 2015. Retrieved May 27, 2015.
  61. ^ "Facebook Reports Fourth Quarter and Full Year 2015 Results". Facebook. Facebook. Archived from the original on January 30, 2016. Retrieved March 13, 2016.
  62. ^ "Facebook Annual Report 2016" (PDF). Facebook. Retrieved April 14, 2018.
  63. ^ "Facebook Reports Fourth Quarter and Full Year 2017 Results". Facebook. Facebook. Retrieved April 14, 2018.
  64. ^ "Facebook Reports Fourth Quarter and Full Year 2018 Results". investor.fb.com. Retrieved February 4, 2019.
  65. ^ "Facebook Reports Fourth Quarter and Full Year 2018 Results". investor.fb.com. Retrieved February 4, 2019.
  66. ^ "Fortune 500 Companies 2018: Who Made the List". Fortune. Archived from the original on December 7, 2017. Retrieved November 10, 2018.
  67. ^ Jolie O'Dell 203 (January 17, 2011). "Facebook's Ad Revenue Hit $1.86B for 2010". Mashable. Mashable.com. Retrieved December 21, 2011.
  68. ^ Womack, Brian (September 20, 2011). "Facebook Revenue Will Reach $4.27 Billion, EMarketer Says". bloomberg. Bloomberg. Retrieved December 21, 2011.
  69. ^ Malloy, Daniel (27 May 2019). "Too Big Not To Fail?". OZY. What's your online data really worth? About $5 a month. Retrieved 29 June 2019.
  70. ^ Meola, Andrew (February 24, 2015). "Active, in this case, means the advertiser has advertised on the site in the last 28 days". TheStreet. TheStreet, Inc. Retrieved February 25, 2015.
  71. ^ "3 Million Advertisers on Facebook". Facebook for Business.
  72. ^ "Complete interview with Brad Parscale and the Trump marketing strategy". PBS Frontline.
  73. ^ "Facebook must give judge documents for U.S. tax probe of Irish unit". Reuters. March 28, 2018.
  74. ^ "Facebook's Dublin HQ central to $5bn US tax probe". Sunday Business Post. April 1, 2018.
  75. ^ "Facebook Ordered to Comply With U.S. Tax Probe of Irish Unit". Bloomberg. Bloomberg News. March 28, 2018.
  76. ^ "KPMG Report on TCJA" (PDF). KPMG. February 2018.
  77. ^ "Breaking Down the New U.S. Corporate Tax Law". Harvard Business Review. December 26, 2017.
  78. ^ "US corporations could be saying goodbye to Ireland". The Irish Times. January 17, 2018.
  79. ^ "Exclusive: Facebook to put 1.5 billion users out of reach of new EU privacy law". Reuters News. April 19, 2018.
  80. ^ "Facebook moves 1.5bn users out of reach of new European privacy law". The Guardian. London. April 19, 2018.
  81. ^ Drucker, Jesse (October 21, 2010). "Google 2.4% Rate Shows How $60 Billion Lost to Tax Loopholes". Bloomberg. Bloomberg.com.
  82. ^ PTI (September 30, 2010). "Facebook opens office in India". The Hindu. Chennai, India. Retrieved May 5, 2012.
  83. ^ "Kirthiga Reddy: The face behind Facebook". Businesstoday.intoday.in. May 15, 2011. Retrieved May 5, 2012.
  84. ^ Nikhil Pahwa (July 16, 2010). "Facebook Appoints Kirthiga Reddy As Head Of Indian Operations". Medianama.com. Retrieved May 5, 2012.
  85. ^ "Facebook's India face-Meet Kirthiga Reddy, Head and Director Online Operations, Facebook India". MSN India. November 14, 2011. Archived from the original on April 25, 2013. Retrieved April 15, 2013.
  86. ^ "Facebook's Hyderabad Office Inaugurated – Google vs Facebook Battle Comes To India". Watblog.com. Archived from the original on January 1, 2012. Retrieved May 5, 2012.
  87. ^ "Not responsible for user-generated content hosted on website: Facebook India". Articles.economictimes.indiatimes.com. February 29, 2012. Archived from the original on May 14, 2012. Retrieved May 5, 2012.
  88. ^ "Facebook India to court: Not responsible for user-generated content – Gadgets Now". Gadget Now. February 29, 2012.
  89. ^ "Facebook India to court: Not responsible for user-generated content". M.timesofindia.com. February 29, 2012. Archived from the original on July 15, 2012. Retrieved May 5, 2012.
  90. ^ "Zuckerberg at Ore. Facebook data center". The Boston Globe. Associated Press. April 16, 2011. Retrieved April 16, 2011.
  91. ^ Nanos, Janelle (August 30, 2017). "Facebook to open new office in Kendall Square, adding hundreds of jobs". The Boston Globe. Retrieved August 30, 2017.
  92. ^ "Facebook Data Center Locations". Baxtel.com.
  93. ^ "On Our Way to Lower Emissions and 100% Renewable Energy". Facebook Newsroom. August 28, 2018.
  94. ^ "Data centers: 2018 year in review". Facebook Code. January 1, 2019. Retrieved February 5, 2019.

External links[edit]