Who Owns Facebook Now?

Who Owns Facebook Now?

Facebook’s reputation has suffered in recent years as a result of a series of high-profile scandals. But its parent company has rebranded to Meta, in what many believe is an attempt to distance itself from the negativity.

The rebranding raises a number of intriguing questions, such as who now owns Facebook? We’ll answer that question in this article, while taking a quick trip down memory lane to figure out how we got here.

From The Facebook To Meta

In 2004, Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes, all Harvard students, founded Facebook. Facebook’s popularity grew quickly, and by the end of 2004, it had surpassed one million active users.

In 2012, Facebook filed to become a publicly-traded company, and its initial public offering (IPO) was priced at $38 per share. The IPO raised approximately $16 billion for the company, valuing it at over $100 billion.

Following a series of serious scandals, Facebook wiped (or tried to wipe) the slate clean with a rebrand. From October 2021, Facebook’s parent company would be known as Meta,according to CEO Mark Zuckerberg .

Of course, the above roadmap is only a summarized version of Facebook’s story. For a more in-depth rundown, check out our coverage of the evolution of Facebook to Meta .