Explainers

Facebook – Wiring The World Together

April 21, 2021

Facebook – Wiring The World Together

One of the first huge social media platforms on which we diligently answered the question “What’s on your mind?” now has 1.84 Billion Daily Active Users (DAU), crossing $84 Billion in revenue in the year ended December 2020.

From internet.org envisioning “Internet for all” to building the future of AR and VR, it has no intentions of slowing down.

A Walk Down the Lane

Mark Zuckerburg and cofounders Dustin Moskovitz, Chris Hughes and Eduardo Saverin launched Facebook in 2004 for Harvard students only. Little did they know what a phenomenon it would become. The platform then gradually opened up to more colleges, high schools and then the world.

Whilst features like the Wall, News Feed, Like Button, the Timeline & the Marketplace charmed more users and investors, billion Dollar acquisitions of Instagram and Whatsapp made headlines.

Facebook hit the public markets in 2012 with a stellar $104 Billion valuation and has only been thriving ever since.

Here’s a snapshot of its latest performance

 

Disclaimer – This content is purely for informational purpose and in no way advice or a recommendation.

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