Isn’t that an interesting question? How Much Is Facebook Worth? Don’t you want to know? We are here to discuss all the details about FB’s net worth. So let us rewind a little bit by how it all began.
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Overview Of Facebook: The Inception
Meta Platforms is another name for Facebook. There was a time when we used to write letters or send postcards to keep in touch with our loved ones. Unfortunately, calling was prohibitively expensive in those days, and many people could not afford it. Then came an online social networking service that radically transformed people’s lifestyles. Yes, we’re discussing Facebook here. Facebook has grown to become one of the most influential and prominent social networking services since its launch in 2004.
Mark Zuckerberg and Edward Saverin launched Facebook in 2004. They were both students at Harvard and wanted to try something different. So they each put $1,000 into the project. Mark Zuckerberg founded the company and owned most of the company’s shares. Facebook was formerly available at thefacebook.com.
We can now contact our loved ones, video calls our friends and family, and play online games with them from anywhere on the planet due to Facebook. In addition, you can send messages to people you know or people you don’t know using Facebook. Mark Zuckerberg and his coworkers established this, and Mark Zuckerberg quickly became the world’s youngest millionaire.
Evolution Of Facebook
As FB’s new identity is now Meta, it is evolving the company and is currently working on a cryptocurrency of its own. In addition, it is heavily investing in artificial intelligence and augmented reality to better itself.
But despite its glory, Meta had some challenging times too. On February 4, Meta’s stock dropped from $322 to $237. In May 2021, Peter Thiel, the co-founder of PayPal and one of Facebook’s initial investors and longest-seated board members, said in a press statement on Feb. 7 that he would stand down from the Facebook board as of the date of Meta’s annual shareholder meeting.
Among other issues and legal battles, the privacy struggle between Facebook and Apple and the cultural trend toward more customer choice in third-party information distribution are among the concerns harming Facebook’s revenues. In addition, Apple’s new operating system has made it more difficult for Facebook to customize its advertising, putting a damper on its revenues and profits.
Another interesting fact is because Microsoft bought 1.6 per cent of Facebook’s stock, the company’s valuation jumped to $15 billion. Because of this transaction, we now see advertisements on Facebook. Microsoft has the right to use Facebook to promote its products.
How Much Is Meta Facebook’s Net Worth?
So, what is Facebook worth presently? As of January 2022, Facebook’s net value is $545 billion. Facebook is currently one of the most popular and effective social media sites. It has many users who are growing at an exponential rate. Facebook’s net worth is estimated to be $545 billion. Facebook isn’t alone; it also holds Instagram and WhatsApp, the two social media powerhouses. Read about bulk WhatsApp tools here if you want to use WhatsApp as a medium to market your services.
Until May 2012, Facebook was private. Facebook hoped to generate $10.6 billion in the IPO by selling 337 million shares at a price range of $28 to $35 per share. With the IPO, some prominent Facebook executives were expected to sell many shares. Mark Zuckerberg, the company’s CEO, sold 30.2 million shares for $1.057 billion. He will retain around 500 million more claims that he will not trade in the IPO, giving him almost $16 billion.
Who Is The Richest Facebook User?
Mark Zuckerberg, the founder of Facebook, currently has a personal net worth of 67.3 billion dollars, down from 97 billion dollars in 2021, making him the richest social media entrepreneur in the world.
What Is Meta Net Worth?
Currently, Meta’s net worth is $165. 987 billion dollars.
How Much Is TikTok Worth?
As of 2022, TikTok’s worth is $75 billion.
What Is YouTube’s Worth?
YouTube’s estimated worth is $180 billions in 2022.
What Is Instagram Net Worth?
Instagram’s net worth as of 2023 is $100 billion.
We hope now you know how much is Facebook worth. This was all about Facebook’s net worth in brief. Facebook has revolutionized the way people communicate. It also offers several other functions that come in helpful in everyday life. Also, find out how Facebook earns money.