Facebook has come a long way from its initial days in a Harvard dorm room to its growing campuses in Palo Alto, California, and beyond. Facebook is now expected to file for an IPO by the end of this year or the beginning of next year with an anticipated valuation of more than $100 billion. On this occasion Namesake has created a very elaborate infographic that outlines this entire journey.
Facebook was founded in 2004 by four youngsters (Mark Zuckerburg, Eduardo Saverin, Dustin Moskovitz and Chris Hughes) in their late teens and early twenties. All the founding members are still in their twenties and 3 of them are also on the Forbes Rich List. The company has now grown to over 2,000 employees and around 700 million users.
In 2004, the company had 2 investors with $500,000 in funding for a valuation of $10 million. By 2005, the company was valuated at $100 million for an additional funding of $12.7 million by 3 more investors. From there the company went uphill and big banners like Microsoft and Goldman Sachs joined the investor’s column. By 2011, Facebook has aggregated a total of $2.36 billion in funding.
Facebook’s profit margin is expected to reach 50% by the year of this year. In the year 2010, the company had torn $1.86 billion in ad revenue which is projected to reach $5.74 billion by 2012. Facebook’s massively increasing user base and revenues could help its valuation to compete with the leading technology companies like Apple and Google.