Facebook Net Worth 2021: Revenue, Assets, Brands, Income
Facebook Net Worth is $1001 Billion in 2021. There was a time once we wont to send letters or postcards to understand about our loved ones and to be in-tuned with them. the value of calling wasn’t that manageable those days and lots of couldn’t afford it. Then came a web social networking site which completely changed the way of living. Yes we are talking about Facebook here. Since its inception in 2004, Facebook became one among the mightiest and largest social networking sites.
It’s all because of Facebook that we will now communicate with our loved ones from anywhere round the globe. With the assistance of Facebook you’ll send messages to someone you recognize or someone you don’t too. This was created by Mark Zuckerberg and his colleagues and really soon Mark Zuckerberg became the youngest billionaire of the planet .
The craze of Facebook remains growing exponentially and it’s gaining more and more users from all round the world. Now you’ll do various sorts of things like, you’ll video call your friends or relations , you’ll play games with them, otherwise you can promote your business on Facebook too. This has completely changed the perception of a person’s beings. Nowadays Facebook owns various other social networking sites and applications like, WhatsApp, Instagram.
Facebook Net Worth Summary
Facebook’s net worth as of July, 2021, is $1001 Billion. Facebook is one among the most important and most successful social media platform today. it’s a huge number of users and that they are increasing exponentially. Facebook has an estimated net worth of $1001 billion. Facebook isn’t alone, it owns Instagram also as WhatsApp, the 2 giants of social media. Facebook has some troubles theses days with its privacy policies. Many nations have shown discomfort and Facebook is functioning hard to resolve all that.
Inception
Facebook was introduced way back in 2004 by Mark Zuckerberg and Edward Saverin. They were studying at Harvard University those days and that they decided to try to to something new. They invested $1,000 each within the site and later, in February 2004 Facebook was introduced. it had been launched by Mark Zuckerberg and he holds most of its shares to. Earlier Facebook was available at thefacebook.com.
They allowed person’s above the age of 13 with a correct email id. Facebook was ready to showcase itself properly which became the most reasons for its success. It showed world a special way of life and Facebook never stopped evolving. It kept changing with the course of your time . Earlier it had been only meant for messaging and connecting with our loved ones, but very soon Facebook became an area where you’ll live.
Evolution
As a startup Facebook was only limited to the peoples of Harvard University . Later it moved to varied other Universities of America. As its popularity was rising and it had been coming in to the news like, Facebook became global in 2006. They allowed 13 or above 13 years old with a correct email id.
Despite all the glory, Facebook has had some tough times too. For the expansion of any startup, you would like investment. Facebook was lacking that within the youth , so Mark Zuckerberg shifted Facebook to Palo Alto , California. PayPal showed interest in Facebook and invested $12.7 million in it.
Later on, Microsoft purchased 1.6% shares of Facebook, and since of that the worth of Facebook increased to $15 billion. Nowadays the advertisements we see in Facebook is due to that purchase. Microsoft has the license to advertise it’s products to Facebook.
Facebook has now the foremost no of users than the other social media platform. it’s over 1 billion active users. Facebook has seen massive growth during the 2008 to 2012 period, because the no of users increased from 100 million to quite 500 million. Very soon Facebook became the hub for business too. Many started promoting their business on Facebook.
Facebook keep itself with time and never stopped evolving. Nowadays Facebook is doing various other things like, Facebook is getting to launch a cryptocurrency of its own, Facebook is performing some heavy work on AI and augmented reality to enhance itself more and more.
Awards and Achievements
Facebook has received many awards and accolades over the course of your time . Facebook is taken into account together of the most important startup within the history and since of that Mark Zuckerberg became the youngest billionaire. Facebook was honoured with the People’s Voice Awards in 2008 and it’s also won Crunchie “Best Overall Startup or Product” 3 times [2008 – 2010].
Conclusion
Since the inception of Facebook in 2004, it’s became a neighborhood of our lives. We wont to spend hours and hours thereon talking with our loved ones. Facebook has completely changed the way of communication. it’s also provided various other features which is sort of handy in day to day life. After the introduction of Android, Facebook became even more popular. we actually appreciate their work and what they need achieved is sort of phenomenal.
