List of acquisitions by Facebook. From Wikipedia, the free encyclopedia Most of Meta's acquisitions have primarily been "talent acquisitions" and acquired products are often shut-down. In 2009, Meta (as Facebook) CEO Mark Zuckerberg posted a question on Quora, titled "What startups would be good acquisitions for Facebook? ", receiving 79 answers.[1][2] He stated in 2010 that "We have not once bought a company for the company. We buy companies to get excellent people... In order to have a really entrepreneurial culture one of the key things is to make sure we're recruiting the best people. One of the ways to do this is to focus on acquiring great companies with great founders. Acquisitions[edit] See also[edit] References[edit] Facebook. Facebook is the world’s largest social network, with over 1.15 billion monthly active users.
Facebook was founded by Mark Zuckerberg in February 2004, initially as an exclusive network for Harvard students. It was a huge hit: in 2 weeks, half of the schools in the Boston area began demanding a Facebook network. Zuckerberg immediately recruited his friends Dustin Moskovitz, Chris Hughes, and Eduardo Saverin to help build Facebook, and within four months, Facebook added 30 more college networks. The original idea for the term Facebook came from Zuckerberg’s high school (Phillips Exeter Academy). The Exeter Face Book was passed around to every student as a way for students to get to know their classmates for the following year. With this success, Zuckerberg, Moskowitz and Hughes moved out to Palo Alto for the summer and rented a sublet.
With millions more users, Friendster attempted to acquire the company for $10 million in mid 2004. Recent Milestones Videos Screenshots Products Stock Price. Facebook Raises $500 Million in Funding, Now Worth $50 Billion [REPORT] Facebook has received a massive new round of funding: $450 million from Goldman Sachs and $50 million from Russian investment firm Digital Sky Technologies, according to a new report. Facebok has raised more than $800 million over five rounds of funding.
With this round, the social network will have raised more than $1.3 billion. The New York Times says that the deal sets the company's valuation at a whopping $50 billion. Facebook's worth has fluctuated between $40 billion and $50 billion in the secondary markets for the past few weeks. In September, Facebook was worth between $23 billion and $33 billion and in November it was worth $41 billion. As part of the deal, Goldman Sachs will help Facebook raise an additional $1.5 billion.
To do this, the investment bank will create a "special purpose vehicle" that will allow others to invest in Facebook indirectly. Facebook to double revenue to $4.27 billion, 89% is from ads. Facebook's advertising revenue is estimated to rise 104 percent this year to $3.8 billion. Total revenue, which includes advertising as well as Facebook Credits and other sources, is expected to reach $4.27 billion this year.
This number is more than double the $2 billion Facebook is estimated to have earned in 2010. The advertising number is actually a decrease from the last Facebook revenue estimate for 2011. In January, eMarketer forecast advertising revenues would reach $4.05 billion this year, meaning it has decreased its assessment by $250 million. "This slight revision downward for 2011 should not be taken as a sign that Facebook's overall business is losing momentum," Debra Aho Williamson, eMarketer principal analyst, said in a statement. If we compare Facebook's advertising revenue for 2011 ($3.8 billion) to its total revenue ($4.27 billion), we see that the former makes up 89 percent of the latter.
Facebook Ad Revenue to Top 3.8 Billion in 2011.