Steve Hatch, Facebook VP for Northern Europe
Facebook: the business and the phenomenon
Facebook was born just under fourteen years ago in a Harvard College dorm room. In its first incarnation, it very nearly led to Mark Zuckerberg being expelled from the College. But once launched, the social network took on a life of its own.
In only 14 years, Facebook has grown to a market capitalisation of $500 billion, greater than all but a small handful of companies globally. The company has over 2 billion active users, each spending an average of 50 minutes a day on its platforms Facebook, Instagram and Messenger, far ahead of its rivals and dwarfing all conventional media companies. And still, it is not slowing: its last full year results (2016) showed a 54% year-on-year increase in revenue. The dorm room startup has come a long way.
Beyond the numbers, Facebook has led a fundamental change in the way society communicates.
This evening, Steve Hatch will describe the ethos and growth of the social network, and the journey Facebook is on. The conversation will be followed by a full Q&A, and a reception.
Booking has now closed.
Please arrive at 6.45 for registration for a 7pm start. The event will be held at Gresham College, Barnard’s Inn Hall, Holborn, London EC1N 2HH. This event is open to all alumni.