Today, Facebook is a home of 2.2 billion people that make it the largest social media platform in the world. The company has a humongous asset by a total amount of $70 billion and that is the main reason why it is evolving so rapidly.
Since its launch, Facebook has amassed various streamline companies via merging, acquisition, and its own development team. In this article, we will be discussing the top 10 companies that have been owned by Facebook.
As per 2018, the total number of active users on Facebook is 2.2 billion and it’s still growing. Well, this sound very pleasant, but it brings many challenges with it. When you deal with 2 billion plus people around the globe, language can be a major issue. In 2013, Facebook acquired Jibbigo which is a translation app that uses speech recognition software and offline translation features. With the help of Jibbigo, Facebook managed to develop a cross-language chat platform and News Feed post that can be posted in multiple languages.
When Facebook acquired Instagram, a mere startup that time in 2012 for $1 billion, most media gurus thought Zuckerberg had made a great mistake. During that time, Instagram consisted of only 13 employees and had only 30 million users. Well, things proved to change very differently- today, there are around 500 million users available on Instagram and serve as the largest photo sharing platform in the world.
Developed by the team of Facebook, messenger turned out to be very handy in making the process of messaging easy. Today, around millions of people are using this great app for instant messaging, photo sharing, voice calling, video calling, around the world.
Facebook completely surprised the tech world, when it acquired Oculus VR for $2 billion in 2014. During that time Virtual reality or better known as VR was a very new concept. Today, the company has started creating its own specialized headsets that are pretty much have started to dominate the industry and the game developers are now also focusing on creating games compatible with VR.
Among all the acquisitions made by Facebook in the last few years, purchasing WhatsApp for $19 billion was the most significant and major deal. Today, WhatsApp is considered to be one of the most preferred platforms for a person-to-person chat. In the last 4 years, WhatsApp witnessed a whopping growth of 419 million people, while Facebook on the other hand, only managed to get 145 million users.
In recent years, the number of cyber-attacks has gone to a whole new level. Security is the biggest concern of various companies working online, especially for Facebook which contains the information of billions of people. That’s why Facebook acquired privateCore in 2014 to make sure that its massive data center remains protected from malware attacks.
Wrapping it up, there are plenty of other globally-recognized companies as well that are acquired by Facebook. However, all the companies mentioned above were purchased on a heavy price deal and are widely popular across the globe.