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

Facebook is a Delaware Corporation

Tuesday, September 3, 2019

Back in 2012, nosotros published a web log post most Facebook being a Delaware company and what this meant for its "upcoming" IPO. As y'all may know, many viewed the IPO in hindsight as a chip of a bomb, or at to the lowest degree somewhat disappointing. Regardless, shareholders who jumped in right away are certainly reaping benefits today.

Much has inverse in the social media mural since 2012 and will surely go along to exercise so year after year. For now, however, Facebook is every bit big as ever.

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 Academy dorm room.

By 2006, it reached a valuation of $one billion. This is the offer Yahoo! fabricated to buy information technology, which Facebook declined. A twelvemonth later, coinciding with the launch of the Facebook Ads platform, the valuation jumped all the way up to $xv billion.

Equally the user base continued to grow 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 commodity, 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-engagement acme of well-nigh $630 billion in July of 2018. Today it sits at near $530 billion, having recovered from its poor performance in the 2nd half of 2018, and boasts about 2.five billion users using the service at least once per month.

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

Over the years, Facebook's founder, Mark Zuckerberg, has consistently rebuffed mouth-watering buyout offers, including those from Google and Yahoo!, both Delaware Corporations as well.

"Only put: we don't build services to make money; we make money to build ameliorate services," Zuckerberg wrote in his letter to prospective shareholders in 2012. "And we retrieve this a proficient style to build something. These days I think more and more people desire to utilize services from companies that believe in something across simply maximizing profits."

When information technology came time for Facebook'south IPO, many wondered what that would mean for Zuckerberg'southward majority shareholder position, since stock would now be sold to the public. Facebook decided to create two classes of Common Stock: class A and form B. Both classes had a .000006 par value at that fourth dimension. Grade A stock would be publicly traded, while class B would exist much more than exclusive (for company insiders, including Zuckerberg) and would bear 10 times the voting weight of course A stock. And then, even though Zuckerberg offered 30.2 million Facebook shares, he was still the majority stockholder in the company.

Learn more about the flexibility that Delaware corporate law provides when information technology comes to authorizing unlike classes of stock.

And if y'all'd like to go back and look at some articles virtually Facebook's IPO and stock prices over time, here are a few nosotros enjoy:

Facebook'south IPO: What We Know Now (2012)
Facebook IPO – what information technology means for Zuckerberg and yous (2012)
Facebook Shares Open up At $38.22, Finally Render To IPO Price Later A Year Of Turmoil (2013)
Uber Beats Facebook To $50B Valuation (2015)

And finally, you can meet Facebook'due south SEC listing, including recent Trademark and Patent filings at https://sec.study/CIK/0001326801.

Do you lot have an idea for the "next Facebook?"

Go started by seeing if your company proper noun is available in Delaware (information technology'south free!):

Delaware Entity Name Search

*Disclaimer*: Harvard Business Services, Inc. is neither a police house nor an accounting firm and, even in cases where the author is an attorney, or a tax professional, nothing in this article constitutes legal or tax advice. This article provides general commentary on, and analysis of, the subject area addressed. We strongly advise that you consult an chaser or revenue enhancement professional to receive legal or revenue enhancement guidance tailored to your specific circumstances. Any activity taken or not taken based on this article is at your own run a risk. If an article cites or provides a link to 3rd-party sources or websites, Harvard Business organisation Services, Inc. is not responsible for and makes no representations regarding such source's content or accuracy. Opinions expressed in this article exercise non necessarily reflect those of Harvard Business Services, Inc.

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In that location are 2 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 sixteen, 2020

We are not the Delaware registered amanuensis for Facebook. Yous tin can observe up to date public information on Facebook by using the Delaware Secretary of Land website: https://icis.corp.delaware.gov/ecorp/entitysearch/namesearch.aspx

Dr. Terry L LaFleur said: Friday, September 11, 2020

What country 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: Monday, September 14, 2020

Facebook is a Delaware corporation and service of procedure is done through their Delaware Registered Amanuensis. We are not the registered agent for Facebook; still, you can search the visitor and identify their registered agent via the Delaware Secretary of State website. Harvard Business organization Services offers registered agent service in South Dakota, simply we cannot assistance with service of process for Facebok.