on October 16, 2017
Facebook is a social networking website, which enables people to communicate, discover, share and connect with each other. It has social media applications that run on personal computers, mobile devices and other communications. You can share your ideas, opinions, videos, photos and other activities with a group of people. Facebook’s products include Oculus, WhatsApp, Messenger, Instagram and Facebook. The company was founded on 4th February, 2004 and the founders include Mark Zuckerberg, Eduardo P. Saverin, Andrew McCollum, Chris R. Hughes, and Dustin Moskovitz. Facebook’s headquarter is located in Menlo Park, CA.
Facebook currently has around 17,000 employees and a total turnaround of $36.5 Billion per year. It has 2.07 Billion active users, which is nearly 27% of the world’s population. Facebook has acquired 65 companies so far. Its biggest acquisition is WhatsApp, which was closed at $19 Billion. WhatsApp charged $40 per user and this is how the total price was decided. Other than that, ConnectU was acquired by Facebook in a court settlement. Most of the companies that Facebook has acquired are located in United States and more than half of them are located in San Francisco.
A large number of Facebook acquisitions are talent-based and most of them were shut down. Mark Zuckerberg once stated that we don’t buy companies for the material, we buy companies for its people. He believes it is best to acquire a company that has a strong founder. However, Instagram was an exception to this statement.
Facebook’s first acquisition was its own domain name. The latest Facebook acquisition is Tbh, which is an app designed by a few high school students. The company’s acquisition game is quite strong and the picks it makes are just splendid. Facebook tries to improve its quality of people through acquisitions, which automatically makes its tech side better. All the Facebook acquisitions are listed below.