Facebook

  • Parent company: Facebook
  • Headquarters: Menlo Park, CA
  • Industry: Technology & Telecommunications
  • Products: Social Media Platform
  • Penalties paid (2000-2018): $5,600
  • 2017 Gross Revenue: + $40.6 billion
  • 2017 Profit/Loss: + $16 billion
  • Tax Havens: Delaware, USA
  • Senior Executives: Mark Zuckerberg (CEO)
  • Year of Incorporation: 2004

 

Facebook has a data breach that affects over 87 million accounts raising concerns over user data and privacy. https://www.marketwatch.com/story/facebook-prepares-to-reveal-the-87-mil...

Facebook failing to protect personal data. https://www.independent.co.uk/life-style/gadgets-and-tech/facebook-busin...

Facebook uses tool for censorship to get into Chinese market despite risk to human rights. https://techcrunch.com/2016/11/22/chinabook/

Controversies: 
Privacy Violation, Human Rights Violation, Consumer Protection

Facebook is a online social media and networking platform that was started in 2004 by Mark Zuckerberg, and several classmates and colleagues from Harvard University. The company is headquartered in California's Silicon Valley. Facebook has come under heavy criticism over the last year for its use of user data as well as the proliferation of extremist accounts.