The reason why facebook is still functioning.

1. Digital Marketing Facebook was initially registered as LLC in Florida. Mark Zuckerberg and Eduardo Saverin paid for the website operation expenses and shared equity. Then started the process of getting funds which happened in three series known as A, B, and C. Sean Parker was the president and tried to attract Reid Hoffman the C.E.O. of Linked In. Hoffman referred to Peter Thiel. Mark and Sean contacted Thiel and explained their plan. Thiel agreed and invested $500,000 in Facebook to become a member of the board with 10.2% of the company. Thiel's investment took place in summer of 2004. Series A of the investment began in April of 2005 when a capital investment of $12.7 million was made by Accel Partners. This deal was concealed with Facebook evaluated at $98 million. After the deal, Facebook's board of members have 5 seats now and Mark Zuckerberg has the right to nominate two people for the left seats as rest two are owned by Thiel and Breyer. The second series, known as the B series, started in April 2006 which ended with an investment of $27.5 million with various investors. The major investments from Greylock Partners and Meritech Capital. Accel Partners and Peter Thiel added more to their previous investments. The final valuation for series B was around $500 million. Facebook has the maximum number of online users as compared with any other social media marketing network. WhatsApp emerged as a great foe for Facebook messenger and also was taking away the market of users who like to use social media for communication purpose only. Facebook recognized the threat and made a deal of US$19 billion to acquire WhatsApp, this transition took place on 19th February 2014. This acquisition is the considered as the largest one in the history so far for a venture-backed company. This is also a step which shows the true power of the organization called Facebook. We still have the impression of Facebook being a social media networking site but the company Facebook has become so much more than just a social media network. In the previous article, we discussed the birth of Facebook and how it started growing with A, B and C series of investments. In the following article, we will talk about the last series(C) of investment, the acquisition of the rising competition, sales negotiations for Facebook, and what has become of Facebook now. Back in 2005 Facebook had a leak of cash flow statements, which showed $5.66 million as the net gain for Facebook. Series C occurred on 24th October 2007. This was a major turning point for Facebook as Microsoft invested $240 million in Facebook and purchased 1.6% of its shares. This gave Facebook a total value of $15 billion. The stocks Microsoft purchased had few benefits which made Microsoft as the first to be paid out of all stockholders in case the company is being

2. sold, "liquidation preference", and gave them the rights for international adds. Soon after this Li Ka-Shing also invested $60 million in Facebook. If you are looking best seo company in usa, Congton offer best seo services in usa. Our digital marketing agency experts help to promote your business online and generate leads. Digital Marketing Agency | Best SEO Company in USA