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Summary

Facebook is a social media company that was founded in 2003 by Mark Zuckerberg. It trades in the data of over two billion users and their daily activity which has allowed Facebook to become an advertising behemoth. As one of the largest distributors of information globally, it has been accused of distributing fake news and aiding violence in India, the Philippines, Sri Lanka, Myanmar (Burma) and the United States, where fundamentalists have weaponized its ability to fan hatred and riots. Facebook has also been accused of censorship of gay and lesbian contents as well as activism in places like Kashmir, Kurdistan, Pakistan and Palestine.

Products

Social Media Platform

Violations

Top 5 Offense Groups (Groups Defined)Penalty TotalNumber of Records
consumer-protection-related offenses$5,672,450,0004
financial offenses$100,000,0001
employment-related offenses$1,650,0001
miscellaneous offenses$238,0001
safety-related offenses$5,6001

(May 9, 2021)

Number of Records
8
Total Penalties
$5,774,343,600 (May 9, 2021)
Individual Records & Summaries
Facebook Violation Tracker Profile
Information in this section is drawn from the Violation Tracker database produced by the Corporate Research Project of Good Jobs First in Washington DC. It is the most comprehensive source of data on business violations of laws and regulations in the United States. For specific examples of misconduct, please click on the links.

Stories

Article Archive

What Facebook knew about its Latino-aimed disinformation problem

Published by
Brian Contreras Maloy Moore
|
By
Brian Contreras & Maloy Moore
|

It was October 2020, election conspiracy theories threatened to pull America apart at its seams, and Jessica González was trying to get one of the most powerful companies in the world to listen to her.

It wasn’t going well.

Read more

Facebook again refuses to ban political ads, even false ones

FILE - This Jan. 17, 2017, file photo shows a Facebook logo at Station F in Paris. Facebook has decided not to limit how political ads can be targeted to specific groups of people, as its main digital-ad rival Google did in November 2019 to fight misinformation.

Read more

Digital Democracy: How Google and Facebook Can Reshape Elections

Published by
Marcel Rosenbach, DER SPIEGEL
|

As their reach has grown, social networks have become true political players: They can mobilize voters and bombard specific users with a candidate's content. Next year's German federal election will likely be the country's first data-driven campaign, and some lawmakers are worried.

Read more
Videos & Podcasts
More companies pull Facebook ads in protest of content moderation policies
Farmers' Protest Facebook, Instagram Pages Blocked, Back After 3 Hours
More companies join ad spending boycott against Facebook to protest hate speech and racism

 

Books
  • Zucked: Waking Up to the Facebook Catastrophe by Roger McNamee (2019)

Activism

Recent & Ongoing Campaigns
Over 400 Advertisers Hit Pause On Facebook

Shannon Bond | NPR | July 1, 2020

When the Stop Hate for Profit campaign launched just two weeks ago, its organizers had not yet persuaded a single advertiser to boycott Facebook in July.

Facebook employees walk out in protest of Donald Trump’s posts

Makena Kelly | The Verge | June 1, 2020

Dozens of Facebook employees staged a virtual walkout on Monday in protest of the company’s decision not to take action against incendiary posts by President Donald Trump last week, according to The New York Times.

Major Investigations
& Lawsuits
FTC Sues Facebook for Illegal Monopolization

United States Federal Trade Commission | December 9, 2020

The Federal Trade Commission today sued Facebook, alleging that the company is illegally maintaining its personal social networking monopoly through a years-long course of anticompetitive conduct.

Facebook antitrust investigation

Salvador Rodriguez | CNBC | November 9, 2019

After a three-year string of scandals, Facebook finds itself staring down four separate antitrust investigations, a former co-founder who wants the company split apart and a front-runner presidential candidate who has made the breakup of the company a key part of her campaign.

Employment Practices
Facebook Worker Claims Racial Discrimination

Shannon Bond | NPR | July 2, 2020

In a complaint filed Thursday with the Equal Employment Opportunity Commission, Oscar Veneszee Jr. said the social network does not give Black workers equal opportunities in their careers.

Bodies In Seats

Casey Newton | The Verge | June 19, 2019

The stress of the job weighed on Utley, according to his former co-workers, who, like all Facebook contractors at the Tampa site, must sign a 14-page nondisclosure agreement.

Former Facebook employees liken company to a cult

Salvador Rodriguez | CNBC | January 9, 2019

More than a dozen former Facebook employees detailed how the company’s leadership and its performance review system has created a culture where any dissent is discouraged.

Financials

Corporate Headquarters
1 Hacker Way, Menlo Park, CA 94025
Most Recent Gross Revenue
$70.697 billion (2019) | source
Most Recent Net Revenue
$18.485 billion (2019) | source
Stock Exchange Tickers
NASDAQ: FB
Subsidiaries

Note: Most recent list is not always the most complete list.

Croctail Subsidiary Tool using the CorpWatch API - This API uses automated parsers to extract the subsidiary relationship information from Exhibit 21 of companies' 10-K filings with the SEC.

Major Shareholders

Click here for the latest list.

Political Spending

OpenSecrets.org Profile of Facebook Inc

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Open Secrets Logo
Subsidy Tracker
Subsidy Tracker
Subsidy Tracker is a project of Good Jobs First in Washington DC. It is the most comprehensive source of data on state and federal subsidies in the United States. For more details, click on the links.
Click here for details of subsidies received by Facebook
Tax Havens
& Evasion
Amazon, Facebook and other tech giants paid almost $100B less in taxes than they claimed: analysis

Kenny Stancil | Salon | June 1, 2021

Bolstering demands for a global minimum tax to rein in corporations' evasive tactics, a new analysis released Monday showed that a half dozen Big Tech companies based in the United States paid almost $100 billion less in taxes over the past decade than stated in their annual reports.

Facebook, Google and Microsoft 'avoiding $3bn in tax in poorer nations'

The BBC | October 26, 2020

Google, Facebook and Microsoft should be paying more corporation tax in developing nations, says ActionAid.

Who’s Afraid of the IRS? Not Facebook.

Paul Kiel | ProPublica | January 23, 2020

In March 2008, as Facebook was speeding toward 100 million users and emerging as the next big tech company, it announced an important hire.

Facebook paid just £28m tax after record £1.6bn revenues in UK

Mark Sweney | The Guardian | October 11, 2019

Facebook’s UK operations paid £28m in corporation tax last year despite achieving a record £1.6bn in British sales.

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