Top 5 Companies Owned by Facebook after Acquisitions

Facebook is the most popular social networking platform in the entire universe. Mark Zuckerberg, the CEO, founded it in the Year 2004 while studying in a school. With over $2.5 billion, the company has overlapped many other competitors and is now worth $479.2 billion. Last year in 2019, the company bragged its whopping net worth of $18.5 billion. It also garnered over $70 billion.

Companies Owned by Facebook

The social networking giant has messenger services and augmented reality platforms as well through which people can share media across devices. The many acquisitions that the company has made over the years have placed it at the peak of competition. The moves have seen Facebook opening up to new businesses that may double its revenues shortly. This strategy has helped it to squash competitions that may pose threats to its operations and spoil its image.

There have been many critics that have looked down on Facebook. The acquisition matter has even caught the attention of the Federal Trade Commission of the USA, and FTC has also investigated the unreported purchases that the company has made in a short span of time. Here are the best acquisitions of the Facebook company, crafted by professional research paper writers.

Top 5 Companies Owned by Facebook after Acquisitions

1. Instagram

It is a photo and video-sharing application that is available in Google Play Store and Apple App Store and it enables users to share and post media from all over the world. The acquisition of this app costs Facebook approximately $1 billion. The date of the purchase gets reported as of April 2012. The app got launched in 2010 and ran independently until Facebook took over it in 2012.

2. WhatsApp

It is a mobile messenger service that is available for mobile users and PC users too. Facebook acquired the popular VoIP app in February 2014 with a whopping $19 billion price. The app also supports calling services, and users from all corners of the world use it for voice chat. The inception of the mobile apps was in the year 2009, and since then, users have always sent messages and media without any costs. When the platform skyrocketed to have about 400 million users each day of the week, Facebook could not hold their appetite and purchased the company instantly.

3. Oculus VR

It is a Virtual Reality technology company that got launched in 2012. The company got acquired by Facebook on March 25, 2014. It was just a few weeks after buying WhatsApp. The company produces game wears, gears and is famously known for having made the mind-bending Oculus Rift. The company made other popular virtual reality hardware and software too. The buying of the company shot Facebook in the sky, reporting massive profits every year.

4. Onavo

Onavo is a mobile application that assists in analyzing analytics. The company got incepted in 2010. The company is Israeli owned. The app checks the usage of customers by performing various web analytics and analysis. Many firms and people have distinguished the application as spyware. The skirmishes led to its dismissal from both apple and android platforms due to privacy and security reasons. The company got acquired by Facebook in October 2013 and cost around $100-2003 million.

5. Beluga

It is a messaging service provider and got founded in 2010. Twelve months later, Facebook showed interest and bought the company at an undisclosed transaction. The company was going through financial struggles at the time of purchase. When Facebook got wind of the story, they rushed and took the company, and now it is under them. It is because of Beluga that Facebook rose to be a giant.

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TechGlobeX: Top 5 Companies Owned by Facebook after Acquisitions
Top 5 Companies Owned by Facebook after Acquisitions
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