Meta Subsidiaries Meta, Facebook Formerly the company that owns Facebook Facebook, the largest social networking site in the world, was founded by CEO Mark Zuckerberg and several roommates at Harvard College in 2004, and you will find all the details on the techno-scien platform for science and technology.
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Meta Subsidiaries, the company's name was initially FaceMash, Meta Subsidiaries, which was changed to TheFacebook, then was eventually "dropped" from its name to become Facebook, before being changed back to Meta in October 2021. Zuckerberg and his associates launched At first the service was to their colleagues at Harvard, and they soon expanded it to other universities and then to the general public.Since then, Facebook has grown into a global giant with 2.8 billion users and a market capitalization of $926.8 billion. Facebook reported net income for fiscal year 2020 of $29.1 billion on revenue of $84.1 billion, almost all of which came from Facebook advertising.
On October 28, 2021, Facebook IncIts name is Meta Inc, and it will change its tape from FB to MVRS effective December 1, 2021.
New Meta World and Previous and Later Developments:
Meta has expanded beyond its social networking platform since its inception 16 years ago, and its products also include messaging, photo and video sharing, augmented reality, and many other apps and services.Acquisitions were key to growing this business and Meta's revenue in general, as Meta's strategy was to buy potential competitors before they became too big.
In the process, Meta has sometimes paid exceptionally high prices for some deals, and Facebook Meta has also drawn attention from the Federal Trade Commission (FTC) due to potential anticompetitive practices, with the FTC recently demanding data on unreported Meta purchases as well. to other major tech companies.
And in our article on the Arablogger platform below, we bring you more detail on the top 5 Meta acquisitions, and it is natural that the company does not provide a breakdown of the amount of profits or revenue that each acquisition currently contributes to Meta due to the competition atmosphere fraught with bumps and obstacles that the company faces.
|Subsidiaries owned by Meta Corporation, get to know them!|
Instagram owned by Meta:
Instagram Instagram is a social networking platform for sharing photos and videos launched in 2010. Through the Instagram app, users can upload, edit and tag photos and videos.
Instagram quick info:
- Business type:Photo and video sharing app
- Acquisition cost:$1.0 billion
- Acquisition date:April 9, 2012
The company remained independent until Meta acquired it for $1.0 billion in 2012, while Meta acquired Instagram as a photo-sharing company that was gaining a lot of attention from venture capital firms and other investors.
Some estimates indicate that Instagram generates more advertising revenue from advertising operations on Instagram than the parent company. When Meta acquired Instagram, it chose to create and develop the Instagram application independently from the main Meta platform on Facebook; Instagram has remained a separate platform to this day.
Here it seems to us that the price that Meta paid for the acquisition of the Instagram platform, which was not generating any revenue at the time, reflects Meta's willingness to pay a premium to the startups in the future.
WhatsApp company in dead grip:
WhatsApp is a messaging and communication service available to users all over the world.
The platform was launched in 2009 as a low-cost alternative to standard text messaging services.
Quick information about WhatsApp:
- Business type: Chat services on phones Mobile messenger service
- Acquisition cost:$19.0 billion
- Acquisition date:February 19, 2014 7
Throughout most of WhatsApp's history, WhatsApp has allowed users to send messages and make calls directly to other users at no cost, regardless of location.
Users can also send photos, videos and documents across the platform. WhatsApp was bought by Meta at a time when the smaller company boasted more than 400 million active monthly users, making it a potential fast-growing competitor to the Facebook network platform.
And when Meta bought WhatsApp, it was an independent company that was recently valued at $1.5 billion.
And while it is unclear exactly how much revenue WhatsApp generates, some estimates suggest that WhatsApp revenue will reach $5 billion by 2020.
Virtual reality company Oculus VR is in meta orbit:
Just weeks after the announcement of Meta's acquisition of WhatsApp, Meta pursued that tech gluttony, if you will, by purchasing Oculus VR hardware and software.
This augmented and virtual reality hardware and software company, Oculus VR, was founded in 2012 and is best known for its Oculus Rift, a virtual reality headset built for video games.
A little overview of the virtual reality company Oculus VR:
- Business type: >Virtual reality technology company >
- Acquisition cost:$2.0 billion
- Acquisition date:March 25, 2014 7
>Since Facebook's purchase of virtual reality company Oculus VR in 2014, the Meta subsidiary has made multiple acquisitions of its own, perhaps most notably in 2015's purchase of Surreal Vision, a 3D-mapping reconstruction company.
And by the time Oculus VR was acquired by Meta, the company had only produced a development prototype for what would become a popular headphone producer.
Meta's purchase of virtual reality company Oculus VR gave it an immediate presence in the VR market at a time when developers were showing a growing interest in VR.
Onavo also became a subsidiary of Meta:
Founded in 2010, Israeli company Onavo performs web analytics on other mobile applications to determine customer usage.
A brief overview of the acquisition:
>Mobile web analytics Acquisition
cost: >$100-200 million (estimated) >
Acquisition date:October 2013
Meta acquired Onavo in October 2013 for an undisclosed amount that some analysts estimated to be between $100 million and $200 million.
At the time of the acquisition, Onavo was an independent company. Although Onavo is not one of Meta's largest acquisitions, Onavo's technology may have allowed Meta to make critical early decisions about what other companies and applications to acquire.
Onavo has sometimes been labeled a Pegasus-like spyware, forcing Meta to pull Onavo from both the iOS and Android app stores in the face of criticism.
Beluga Beluga Messaging Apps Become Meta Tracker:
Meta acquired the Beluga messaging app service, which was founded in 2010, and a year later Meta bought Beluga in the midst of raising funds for the startup for an undisclosed amount.
Business Type:Messaging Service
Acquisition Date:March 2, 2011
Upon the acquisition of Beluga, Facebook acquired the technology that eventually became the social media company's highly successful Messenger platform. In the process, Meta
has again expanded its offering and eliminated a potential competitor.
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