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FB Facebook

Founded in 2004, Facebook's mission is to give people the power to build community and bring the world closer together. People use Facebook's apps and technologies to connect with friends and family, find communities and grow businesses.

Company profile

Ticker
FB
Exchange
CEO
Mark Zuckerberg
Employees
Incorporated
Location
Fiscal year end
SEC CIK
IRS number
201665019

FB stock data

(
)

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

28 Apr 21
18 May 21
31 Dec 21
Quarter (USD)
Mar 21 Dec 20 Sep 20 Jun 20
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD)
Dec 20 Dec 19 Dec 18 Dec 17
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from Facebook earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 19.89B 19.89B 19.89B 19.89B 19.89B 19.89B
Cash burn (monthly) (positive/no burn) 336.33M (positive/no burn) (positive/no burn) (positive/no burn) (positive/no burn)
Cash used (since last report) n/a 533.09M n/a n/a n/a n/a
Cash remaining n/a 19.36B n/a n/a n/a n/a
Runway (months of cash) n/a 57.6 n/a n/a n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 316.3503 580 183.48K 0
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 315.7235 550 173.65K 580
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 314.2335 420 131.98K 1,130
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 313.3855 770 241.31K 1,550
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 312.4381 1,490 465.53K 2,320
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 311.5055 200 62.3K 3,810
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 309.9632 190 58.89K 4,010
14 May 21 Mark Zuckerberg Class A Common Stock Conversion Aquire C Yes No 0 4,200 0 4,200
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 316.2475 1,600 506K 2,275,432
14 May 21 Mark Zuckerberg Class A Common Stock Sell Dispose S Yes Yes 315.4953 500 157.75K 2,277,032

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

78.4% owned by funds/institutions
13F holders
Current Prev Q Change
Total holders 2962 2707 +9.4%
Opened positions 405 205 +97.6%
Closed positions 150 124 +21.0%
Increased positions 1143 1071 +6.7%
Reduced positions 1107 1141 -3.0%
13F shares
Current Prev Q Change
Total value 512.87B 484.46B +5.9%
Total shares 1.88B 1.84B +2.3%
Total puts 60.33M 48.26M +25.0%
Total calls 67.04M 67.02M +0.0%
Total put/call ratio 0.9 0.7 +25.0%
Largest owners
Shares Value Change
Vanguard 182.86M $49.95B -1.3%
BLK Blackrock 159.66M $43.61B +0.8%
FMR 123.33M $33.69B -0.5%
TROW T. Rowe Price 101.75M $27.76B +0.9%
STT State Street 93.31M $25.49B -2.3%
Capital International Investors 48.68M $13.3B -2.2%
Capital Research Global Investors 48.63M $13.28B -11.1%
Capital World Investors 40.53M $11.07B -0.9%
Geode Capital Management 37.07M $10.1B +0.5%
MS Morgan Stanley 30.38M $8.3B +44.5%
Largest transactions
Shares Bought/sold Change
Norges Bank 29.37M +29.37M NEW
MS Morgan Stanley 30.38M +9.36M +44.5%
Capital Research Global Investors 48.63M -6.09M -11.1%
Melvin Capital Management 4.66M +4.66M NEW
SB Management 12M +3.52M +41.5%
Cibc World Markets 4.22M +3.3M +357.0%
Millennium Management 4.18M +2.97M +245.9%
Vanguard 182.86M -2.45M -1.3%
Tiger Global Management 6.33M -2.42M -27.7%
BAC Bank Of America 17.38M -2.35M -11.9%

Financial report summary

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Risks
  • Risks Related to Our Product Offerings
  • Risks Related to Our Business Operations and Financial Results
  • Risks Related to Government Regulation and Enforcement
  • Risks Related to Data, Security, and Intellectual Property
  • Risks Related to Ownership of Our Class A Common Stock
  • If we fail to retain existing users or add new users, or if our users decrease their level of engagement with our products, our revenue, financial results, and business may be significantly harmed.
  • We generate substantially all of our revenue from advertising. The loss of marketers, or reduction in spending by marketers, could seriously harm our business.
  • Our advertising revenue is dependent on targeting and measurement tools that incorporate data signals from user activity on websites and services that we do not control, and changes to the regulatory environment, third-party mobile operating systems and browsers, and our own products have impacted, and we expect will continue to impact, the availability of such signals, which will adversely affect our advertising revenue.
  • Our user growth, engagement, and monetization on mobile devices depend upon effective operation with mobile operating systems, networks, technologies, products, and standards that we do not control.
  • Our new products and changes to existing products could fail to attract or retain users or generate revenue and profits.
  • We make product and investment decisions that may not prioritize short-term financial results and may not produce the long-term benefits that we expect.
  • If we are not able to maintain and enhance our brands, our ability to expand our base of users, marketers, and developers may be impaired, and our business and financial results may be harmed.
  • We may not be able to continue to successfully maintain or grow usage of and engagement with mobile and web applications that integrate with Facebook and our other products.
  • The COVID-19 pandemic has had, and may in the future have, a significant adverse impact on our advertising revenue and also exposes our business to other risks.
  • Our business is highly competitive. Competition presents an ongoing threat to the success of our business.
  • Unfavorable media coverage negatively affects our business from time to time.
  • Our financial results will fluctuate from quarter to quarter and are difficult to predict.
  • We expect our rates of growth to be volatile in the near term as a result of the COVID-19 pandemic and to decline over time in the future.
  • Our costs are continuing to grow, and some of our investments, particularly our investments in virtual and augmented reality, have the effect of reducing our operating margin and profitability. If our investments are not successful longer-term, our business and financial performance will be harmed.
  • We plan to continue to make acquisitions and pursue other strategic transactions, which could harm our financial condition or results of operations and may adversely affect the price of our common stock.
  • We may not be able to successfully integrate our acquisitions, and we incur significant costs to integrate and support the companies we acquire.
  • Our business is dependent on our ability to maintain and scale our technical infrastructure, and any significant disruption in our service, including as a result of the COVID-19 pandemic, could damage our reputation, result in a potential loss of users and engagement, and adversely affect our financial results.
  • We could experience unforeseen difficulties in building and operating key portions of our technical infrastructure.
  • Real or perceived inaccuracies in our community and other metrics may harm our reputation and negatively affect our business.
  • We cannot assure you that we will effectively manage our growth.
  • We have significant international operations and plan to continue expanding our operations abroad where we have more limited operating experience, and this may subject us to increased business, economic, and legal risks that could affect our financial results.
  • We face design, manufacturing, and supply chain risks that, if not properly managed, could adversely impact our financial results.
  • We face inventory risk with respect to our consumer hardware products.
  • We may have exposure to greater than anticipated tax liabilities.
  • Changes in tax laws or tax rulings could materially affect our financial position, results of operations, and cash flows.
  • Given our levels of share-based compensation, our tax rate may vary significantly depending on our stock price.
  • If our goodwill or finite-lived intangible assets become impaired, we may be required to record a significant charge to earnings.
  • The loss of one or more of our key personnel, or our failure to attract and retain other highly qualified personnel in the future, could harm our business.
  • Our CEO has control over key decision making as a result of his control of a majority of the voting power of our outstanding capital stock.
  • We cannot guarantee that our share repurchase program will be fully consummated or that it will enhance long-term stockholder value. Share repurchases could also increase the volatility of the trading price of our stock and will diminish our cash reserves.
  • Actions by governments that restrict access to Facebook or our other products in their countries, or that otherwise impair our ability to sell advertising in their countries, could substantially harm our business and financial results.
  • Our business is subject to complex and evolving U.S. and foreign laws and regulations regarding privacy, data use and data protection, content, competition, safety and consumer protection, e-commerce, and other matters. Many of these laws and regulations are subject to change and uncertain interpretation, and could result in claims, changes to our business practices, monetary penalties, increased cost of operations, or declines in user growth or engagement, or otherwise harm our business.
  • We have been subject to regulatory and other government investigations, enforcement actions, and settlements, and we expect to continue to be subject to such proceedings and other inquiries in the future, which could cause us to incur substantial costs or require us to change our business practices in a manner materially adverse to our business.
  • Compliance with our FTC consent order, the GDPR, the CCPA, the ePrivacy Directive, and other regulatory and legislative privacy requirements require significant operational resources and modifications to our business practices, and any compliance failures may have a material adverse effect on our business, reputation, and financial results.
  • We may incur liability as a result of information retrieved from or transmitted over the Internet or published using our products or as a result of claims related to our products, and legislation regulating content on our platform may require us to change our products or business practices and may adversely affect our business and financial results.
  • Payment transactions may subject us to additional regulatory requirements and other risks that could be costly and difficult to comply with or that could harm our business.
  • Our participation in the Diem Association subjects us to significant regulatory scrutiny and other risks that could adversely affect our business, reputation, or financial results.
  • Security breaches, improper access to or disclosure of our data or user data, other hacking and phishing attacks on our systems, or other cyber incidents could harm our reputation and adversely affect our business.
  • We anticipate that our ongoing efforts related to privacy, safety, security, and content review will identify additional instances of misuse of user data or other undesirable activity by third parties on our platform.
  • Our products and internal systems rely on software and hardware that is highly technical, and any errors, bugs, or vulnerabilities in these systems, or failures to address or mitigate technical limitations in our systems, could adversely affect our business.
  • If we are unable to protect our intellectual property, the value of our brands and other intangible assets may be diminished, and our business may be adversely affected.
  • We are currently, and expect to be in the future, party to patent lawsuits and other intellectual property rights claims that are expensive and time consuming and, if resolved adversely, could have a significant impact on our business, financial condition, or results of operations.
  • The trading price of our Class A common stock has been and will likely continue to be volatile.
  • We do not intend to pay cash dividends for the foreseeable future.
  • The dual class structure of our common stock and a voting agreement between certain stockholders have the effect of concentrating voting control with our CEO and certain other holders of our Class B common stock; this will limit or preclude your ability to influence corporate matters.
  • Our status as a "controlled company" could make our Class A common stock less attractive to some investors or otherwise harm our stock price.
  • Delaware law and provisions in our restated certificate of incorporation and bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the trading price of our Class A common stock.
Management Discussion
  • (1)    Percentages have been rounded for presentation purposes and may differ from unrounded results.
  • (1)    Percentages have been rounded for presentation purposes and may differ from unrounded results.
  • Revenue in the three months ended March 31, 2021 increased $8.43 billion, or 48%, compared to the same period in 2020. The increase was mostly due to an increase in advertising revenue as a result of increases in the average price per ad and the number of ads delivered.
Content analysis
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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. junior Good
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