The total cost of Facebook’s acquisitions to date is $ 23,360,700,000. And that’s just from the acquisition costs they disclosed!
After Facebook dethroned MySpace as the big-name social network, there was a lot of chatter in the social media world about who would eventually dethrone Facebook.
So when Twitter, Instagram, and all the other newcomers came along, how did Facebook keep its head above water?
There are a lot of reasons, and without the right planning, timing, and luck, Facebook Wouldn't Be Here.
But there is one main factor in Facebook’s success that’s helped keep the company on top of the world even after years:
Facebook, Inc. or you want it to be called 'The Facebook' is a social networking company that has acquired 82 other companies in its past years, including WhatsApp, Instagram till date .
Facebook has grown to become the most popular social networking site in the world with over 1.6 billion daily active users on average for Dec. 2019.
Now Facebook has agreed to buy Giphy, the popular platform of sharable animated images, The total deal value is worth around $400 million.
Facebook is a perfect example of a company that has more buying power than entire nations.