In Which State Of The Usa Is Facebook, Inc. Registered Today? Delaware

Facebook is a Delaware Corporation

Tuesday, September 3, 2019

Back in 2012, we published a blog mail service almost Facebook beingness a Delaware company and what this meant for its "upcoming" IPO. Every bit you lot may know, many viewed the IPO in hindsight equally a bit of a flop, or at least somewhat disappointing. Regardless, shareholders who jumped in right away are certainly reaping benefits today.

Much has changed in the social media landscape since 2012 and will surely proceed to practise so year afterwards year. For now, however, Facebook is as big as e'er.

Cursory History of Facebook, Inc: Infographic

To recap Facebook's historical value:

The company, then known as TheFacebook, Inc. (it filed a proper name amendment to Facebook, Inc. in 2005) was incorporated here in Delaware on July 29, 2004 with 10,000,000 authorized shares of stock @ 0.0001 par value. This was its initial formation by founder by Mark Zuckerberg, still living in his messy Harvard University dorm room.

Past 2006, it reached a valuation of $one billion. This is the offer Yahoo! made to purchase information technology, which Facebook declined. A yr afterwards, coinciding with the launch of the Facebook Ads platform, the valuation jumped all the way up to $15 billion.

As the user base continued to abound by leaps and bounds, Facebook reached the $50 billion valuation milestone in 2011, with hundreds of millions of users worldwide. And in 2012, when we published our original article, Facebook was readying for their IPO with a value of $104 billion.

Through continued innovation, updates, acquisitions and other strategy, Facebook continued its growth, reaching its to-appointment acme of nearly $630 billion in July of 2018. Today it sits at most $530 billion, having recovered from its poor performance in the second half of 2018, and boasts nearly 2.5 billion users using the service at least once per month.

Visit macrotrends.net for a look at Facebook'south market place cap growth since its 2012 IPO.

Over the years, Facebook's founder, Marker Zuckerberg, has consistently rebuffed oral fissure-watering buyout offers, including those from Google and Yahoo!, both Delaware Corporations also.

"Simply put: we don't build services to make coin; we make coin to build better services," Zuckerberg wrote in his letter to prospective shareholders in 2012. "And nosotros think this a good way to build something. These days I think more and more people want to use services from companies that believe in something beyond simply maximizing profits."

When it came time for Facebook'due south IPO, many wondered what that would hateful for Zuckerberg'due south majority shareholder position, since stock would now be sold to the public. Facebook decided to create ii classes of Common Stock: class A and grade B. Both classes had a .000006 par value at that time. Class A stock would exist publicly traded, while class B would be much more exclusive (for visitor insiders, including Zuckerberg) and would carry 10 times the voting weight of class A stock. So, even though Zuckerberg offered 30.2 one thousand thousand Facebook shares, he was still the bulk stockholder in the visitor.

Learn more than about the flexibility that Delaware corporate law provides when it comes to authorizing different classes of stock.

And if you'd like to become back and await at some articles about Facebook's IPO and stock prices over fourth dimension, here are a few we enjoy:

Facebook's IPO: What We Know Now (2012)
Facebook IPO – what it means for Zuckerberg and you (2012)
Facebook Shares Open At $38.22, Finally Return To IPO Price Later on A Year Of Turmoil (2013)
Uber Beats Facebook To $50B Valuation (2015)

And finally, you can run into Facebook'southward SEC listing, including recent Trademark and Patent filings at https://sec.report/CIK/0001326801.

Do you lot take an idea for the "side by side Facebook?"

Get started by seeing if your visitor proper name is available in Delaware (it's gratuitous!):

Delaware Entity Name Search

*Disclaimer*: Harvard Business Services, Inc. is neither a police force firm nor an accounting firm and, even in cases where the author is an chaser, or a tax professional, nothing in this article constitutes legal or taxation advice. This article provides general commentary on, and analysis of, the subject field addressed. Nosotros strongly advise that you lot consult an attorney or tax professional person to receive legal or tax guidance tailored to your specific circumstances. Any activity taken or not taken based on this commodity is at your own risk. If an article cites or provides a link to tertiary-party sources or websites, Harvard Business Services, Inc. is not responsible for and makes no representations regarding such source's content or accuracy. Opinions expressed in this article practise non necessarily reflect those of Harvard Business Services, Inc.

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At that place are two comments left for Facebook is a Delaware Corporation

Marvin Conrad Walker said: Tuesday, September 15, 2020

seeking facebook 's registered agent

HBS Staff replied: Wednesday, September 16, 2020

We are not the Delaware registered amanuensis for Facebook. You tin find up to engagement public information on Facebook by using the Delaware Secretary of Country website: https://icis.corp.delaware.gov/ecorp/entitysearch/namesearch.aspx

Dr. Terry Fifty LaFleur said: Friday, September eleven, 2020

What state is Facebook Incporated in for service of process purposes and who is your designated Person to receive service of process. Alternatively, do you have an agent in SD?

HBS Staff replied: Mon, September fourteen, 2020

Facebook is a Delaware corporation and service of process is washed through their Delaware Registered Agent. Nosotros are not the registered agent for Facebook; yet, yous tin can search the company and place their registered agent via the Delaware Secretary of Country website. Harvard Business Services offers registered agent service in South Dakota, but we cannot assist with service of procedure for Facebok.