Facebook Makes Fortune 500

Facebook has made the Fortune 500 list for the fist time. Mark Zuckerberg can also be proud that his company made the list less than a year after going public. Historically, it has never been done.

Holding the 482 place on the list, Facebook has reported revenue of $5 billion for 2012. The income was primarily gained through advertising.

As reported by CNN, Wal-Mart Stores continues to hold the top spot on the list, reporting over $469 billion in revenue.

Other tech companies on the list include Apple, in sixth place with $156.5 billion in revenue, and IBM at number 20 with $104.5 billion. Google is listed as number 55 with revenue of $52.2 billion.

TheFacebook.com was registered as a domain in 2004 by Mark Zuckerberg. The social networking site was imagined as a “centralized website,” that could connect students attending Harvard University.

As reported by SocialMediaToday.com, Zuckerberg’s project gained the attention of Napster co-founder Sean Parker. With Parker’s advise, and an initial investment from PayPal founder Peter Theil, Zuckerberg was on his way to becoming a millionaire.

Zuckerberg began offering Facebook to college students throughout the US. By the end of 2004, Facebook had over one million registered members.

In 2005, Facebook.com was purchased for $200,000, dropping “the” from the domain name.

Facebook was eventually open to anyone wishing to use it. The site continued to gain in popularity throughout the years, virtually destroying its predecessor MySpace with over 800 million active users.

As Facebook makes the Fortune 500 list for 2013, it is considered the biggest social networking website in the word. It is estimated that nearly one out of every seven people has a Facebook account.

Zuckerberg announced the initial public offering of Facebook in February of 2012. After the IPO, Zuckerberg retained only 22 percent ownership of Facebook.

Facebook’s current worth is estimated to be around $104 billion.

Although Facebook made Fortune 500, they are not very high on the list. As social media continues to evolve, it will be interesting to see where Facebook stands on next year’s list.