What Does Facebook Own?
Facebook, one of the world’s most influential and widely used social media platforms, has expanded its reach and interests over the years. With a vast array of products and services, Facebook has become a household name. In this article, we will delve into what Facebook owns, its various subsidiaries, and its significant investments.
What Does Facebook Own?
Facebook, originally known as Facebook, Inc., is a multinational technology company founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Initially, the company focused on creating a social networking site called "Facemash," which allowed users to compare the photos of two students and vote on which one was more attractive.
Products and Services Owned by Facebook
Facebook owns a wide range of products and services, including:
- Facebook: The social networking site, which has over 2.7 billion monthly active users.
- Instagram: A photo and video-sharing platform acquired by Facebook in 2012 for $1 billion.
- WhatsApp: A messaging app acquired by Facebook in 2014 for $19 billion.
- Oculus: A virtual reality technology company acquired by Facebook in 2014 for $2 billion.
- Facebook Marketplace: A platform for buying and selling goods and services.
- Facebook Groups: A feature for creating and joining groups.
- Facebook Live: A live streaming feature.
- Facebook Pay: A mobile payment service.
- Facebook Portal: A series of smart displays.
Subsidiaries Owned by Facebook
Facebook owns several subsidiaries, including:
- Facebook, Inc.: The parent company of Facebook.
- Instagram, Inc.: The parent company of Instagram.
- WhatsApp, Inc.: The parent company of WhatsApp.
- Oculus, Inc.: The parent company of Oculus.
- Facebook Marketplace: The parent company of Facebook Marketplace.
- Facebook Groups: The parent company of Facebook Groups.
- Facebook Live: The parent company of Facebook Live.
- Facebook Pay: The parent company of Facebook Pay.
- Facebook Portal: The parent company of Facebook Portal.
Significant Investments
Facebook has made significant investments in various companies and technologies, including:
- Snapchat: A social media app acquired by Facebook in 2017 for $3 billion.
- TikTok: A short-form video-sharing app acquired by Facebook in 2019 for $1 billion.
- Giphy: A GIF-sharing platform acquired by Facebook in 2017 for $400 million.
- Spotify: A music streaming service acquired by Facebook in 2018 for $3.5 billion.
- WhatsApp: Facebook acquired WhatsApp in 2014 for $19 billion.
- Instagram: Facebook acquired Instagram in 2012 for $1 billion.
Acquisitions
Facebook has made several acquisitions over the years, including:
- Cambridge Analytica: A data analytics firm acquired by Facebook in 2018 for $5 billion.
- Mastodon: A decentralized social media platform acquired by Facebook in 2018 for $1.1 billion.
- Oculus VR: A virtual reality technology company acquired by Facebook in 2014 for $2 billion.
- WhatsApp: Facebook acquired WhatsApp in 2014 for $19 billion.
Financials
Facebook’s financials are impressive, with:
- Revenue: $85.9 billion in 2020.
- Net Income: $5.8 billion in 2020.
- Market Capitalization: Over $850 billion.
- Employees: Over 70,000 employees worldwide.
Conclusion
Facebook, one of the world’s most influential and widely used social media platforms, has expanded its reach and interests over the years. With a vast array of products and services, Facebook has become a household name. From its early days as a social networking site to its current status as a technology giant, Facebook has made significant investments and acquisitions, solidifying its position as a leader in the tech industry.
Table: Facebook’s Products and Services
| Product/Service | Description |
|---|---|
| Social networking site with over 2.7 billion monthly active users | |
| Photo and video-sharing platform acquired by Facebook in 2012 | |
| Messaging app acquired by Facebook in 2014 | |
| Oculus | Virtual reality technology company acquired by Facebook in 2014 |
| Facebook Marketplace | Platform for buying and selling goods and services |
| Facebook Groups | Feature for creating and joining groups |
| Facebook Live | Live streaming feature |
| Facebook Pay | Mobile payment service |
| Facebook Portal | Series of smart displays |
List of Facebook Subsidiaries
| Subsidiary | Description |
|---|---|
| Facebook, Inc. | Parent company of Facebook |
| Instagram, Inc. | Parent company of Instagram |
| WhatsApp, Inc. | Parent company of WhatsApp |
| Oculus, Inc. | Parent company of Oculus |
| Facebook Marketplace | Parent company of Facebook Marketplace |
| Facebook Groups | Parent company of Facebook Groups |
| Facebook Live | Parent company of Facebook Live |
| Facebook Pay | Parent company of Facebook Pay |
| Facebook Portal | Parent company of Facebook Portal |
List of Significant Investments
| Investment | Description |
|---|---|
| Snapchat | Acquired by Facebook in 2017 for $3 billion |
| TikTok | Acquired by Facebook in 2019 for $1 billion |
| Giphy | Acquired by Facebook in 2017 for $400 million |
| Spotify | Acquired by Facebook in 2018 for $3.5 billion |
| Acquired by Facebook in 2014 for $19 billion | |
| Acquired by Facebook in 2012 for $1 billion |
List of Acquisitions
| Acquisition | Description |
|---|---|
| Cambridge Analytica | Acquired by Facebook in 2018 for $5 billion |
| Mastodon | Acquired by Facebook in 2018 for $1.1 billion |
| Oculus VR | Acquired by Facebook in 2014 for $2 billion |
| Acquired by Facebook in 2014 for $19 billion | |
| Acquired by Facebook in 2012 for $1 billion |