From WhatsApp to Instagram, it seems Facebook acquisitions have no limit. The tech giant is currently taking over the world of tech startups.
From Silicon Valley in the US to East London Tech City in the UK and others alike across the globe, new tech startups are launching almost every day.
No doubt about it, the world of tech startups and internet entrepreneurship is growing at a speedy rate. The advancement in technology and the popularity of mobile gadgets such as smartphones have also contributed to this growing techpreneurship.
Facebook, a company that was co-founded by Mark Zuckerberg in 2004, has grown in value and size. The company is now one of the most valuable tech companies of the 21st Century.
Facebook Acquisitions That Shocked The World
Facebook has grown from one million users within its first 10 months of operation to about 1.7 billion in 2016. You’ll even get a far better figure if you include the users of other properties like WhatsApp and Instagram.
Today, Facebook is one of the major players in tech startups and internet entrepreneurship. The tech giant is now acquiring other tech startups to further expand its reach and value.
It has now acquired a total of 68 companies to date. In 2015, WhatsApp Messenger became Facebook’s largest acquisition when it was bought for $19 billion.
Other notable acquisitions include Instagram which was bought for $1 billion in 2012. Facebook also acquired Oculus Virtual Reality for $2 billion in 2014.
There are other smaller acquisitions such as domain fb.com, which was bought for $8.5 million in 2010. The company also bought Drop.io [hosting and sharing platform] for $10 million in 2010.
The infographic below, courtesy of TechWyse, showcases a complete list of companies acquired by Facebook founder Mark Zuckerberg from August 2005 till date.