Facebook is one of the world's largest social media companies. Founded in 2004 by Mark Zuckerberg, Chris Hughes, Dustin Moskovitz, Andrew McCollum and Eduardo Saverin, it has grown to offer a wide range of products and services catered to both individuals and businesses. Facebook currently operates two distinct websites; Facebook itself, which is focused on connecting people around the world, and Instagram, a photo-sharing platform. It also offers messenger applications such as WhatsApp and Workplace Chat for business communications. In addition to these products, Facebook runs virtual reality technology platforms such as Oculus Rift and owns advertising subsidiaries such as Audience Network to generate revenue. As of July 2020, the company reported more than 2.7 billion monthly active users worldwide across all its services combined.
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