![]() ![]() One of the significant and earlier successes of Oculus was the VR headset Oculus Rift, which wowed the industry. ![]() This virtual reality gaming company Oculus VR makes virtual reality headsets. If you are into gaming, you must be familiar with virtual reality hardware and software company – Oculus VR. Today with 2 billion monthly active users, Experts estimate that WhatsApp generated between $5 and $10 billion for Facebook in 2020. In February 2014, Facebook acquired Whatsapp for $19 billion and left everyone wondering. So, Facebook noticed both vulnerability and opportunity in WhatsApp. Why did Facebook acquire WhatsApp for such a whopping amount? The answer is Whatsapp’s user growth. WhatsApp is Facebook’s most important acquisition, and it is over 20 times larger than its Instagram acquisition, making quite the splash in 2012. Whatsappīrian Acton and Jan Koum launched WhatsApp in 2009 after leaving their job at Yahoo!. Today, with around one billion monthly active users, Instagram belongs to the most widespread social network and is the second most-downloaded app globally. When Facebook acquired Instagram, they opted to build and grow the Instagram app independently from the leading Facebook platform. ![]() acquired Instagram for approximately US$1 billion in cash and stock. Sensing the growing popularity of this American photo and video sharing social networking service, in April 2012, Facebook Inc. According to reports, Twitter wanted to acquire Instagram and made a formal offer of around $500 million in stock, but Systrom refused to accept the offer. ![]() Within months of its launch, Instagram saw a rapid rise in user base, and they began luring a ton of investors. Instagramįounded by Kevin Systrom and Mike Krieger in 2010, Instagram’s primary focus was to feature photographs, especially those taken on Apple mobile devices. Now when Facebook changed its parent company name to Meta – we realize why Facebook acquired Oculus VR in 2014. Let’s look at the top 5 Facebook Acquisitions and highlight the intention behind buying these companies. For some companies, the cost of acquisition is not yet disclosed. You may have noticed on the Facebook Acquisitions Infographic that Facebook has made several big and small acquisitions. Well done, guys! What are the top 5 Facebook acquisitions? We hope you enjoy it!Ī big thanks to the TechWyse Team, who helped to design and manage this infographic with all the acquisitions by Facebook made until 2022. We will periodically be updating this as Facebook continues to make new acquisitions. This infographic contains the complete list of companies acquired by Facebook founder Mark Zuckerberg from August 2005 till date. List of Companies Acquired by FacebookĬurious to see the companies owned by Facebook till 2021? Facebook has not disclosed the cost at which these acquisitions were done. CTRL-Labs, with a value rumored to be between 500 Million and a Billion, Giphy for 400 Million, and Kustomer for 1 Billion Dollars are some of the big-ticket purchases made by Facebook between September 2019 and November 2020.Ģ021 saw Facebook acquiring Downpour Interactive, Unit 2 Games, BigBox VR, AI.Reverie and Within. The year 2019 saw just two purchases, Chainspace, and GROKSTYLE, during February. However, in January 2018, Facebook acquired confirmo.io, a Government-issued ID verification platform based in Boston, USA and during July purchased Bloomsbury AI($30,000,000) and RedKix($100,000,000). Just a few million dollars each, which is no big deal for Facebook, whose IPO started out at $38 per share (in May 2012), and sits at roughly $93 per share in mid/late-August 2015. Some of Facebook’s smaller purchases include the domain fb.com, which it bought for $8.5 million in November 2010, and the hosting and sharing platform Drop.io, which it purchased for $10 million in October 2010. Other notable acquisitions include Instagram (purchased for $1 billion in April 2012) and Oculus Virtual Reality (purchased for $2 billion in March 2014). Facebook’s largest acquisition has been WhatsApp Messenger, which they purchased for $19 billion in February 2015. Eighteen years later, in 2022, Facebook (now named Meta) has nearly 2.9 billion monthly users! This number doesn’t even include Facebook’s acquisitions like WhatsApp and Instagram (to name a few).ĭuring this wave of extreme growth, Mark Zuckerberg has acquired 94 companies to date. Initially created solely for college students attending specific schools, it reached one million users in just ten short months after its inception. Posted by Shruti Bose On February 17th, 2022 Infographicsįacebook, or should we say, “The Facebook,” was launched by Mark Zuckerberg in February 2004. ![]()
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