When one thinks about social media, Facebook is the name that comes to mind. You cannot talk about social media or its impact in any capacity without talking about Facebook and what it has achieved over the years.
Sure, nowadays you have got so many platforms like Twitter, Instagram, TikTok, Snapchat, and WhatsApp that seem to be doing so well, but there was a time when Facebook reigned supreme with its main focus on staying connected with your friends, sharing data and keeping up with their everyday lives.
It is safe to say that Facebook is hands down among the most influential, impactful and successful social media platforms out there with a constantly surging revenue. Of course, you can expect nothing less from a social media outlet that has users in billions and has been around for quite a while.
It is amazing to think a bunch of university students got together and founded the world’s biggest social media phenomenon.
Today we discuss the net worth and value of Facebook.
Eduardo Saverin, Chris Hughes, Dustin Moskovitz, and of course the all-famous Mark Zuckerberg are the people behind the world-famous phenomenon we call Facebook.
The story of Facebook
The story of Facebook and its sheer magnificence and glory had to be shown to the world and in 2010, a movie titled “The Social Network” was released and with a star-studded cast, it dramatizes all that the founders went through and the company’s origin. It also reenacts the falling out and then the subsequent split of Zuckerberg and Saverin.
When the platform first went live and public, the IPO initially failed to take off, sending things into a tailspin of doubt and concern. It sounds unusual to hear that Facebook came across anything but smooth sailing seeing its terrific success but the creators did have to tread some challenging territories for nothing in this world comes easy and Facebook is proof of that.
Initially, its stock plummeted by almost 50% in its first few months because of the IPO failure yet with hard work and determination, the creators persevered and all it took was taking a full year to have a complete change and get the IPO to its right price.
With the steady improvements and changes, Facebook continued its ascend to glory and constant increase in value. As of 2022, the shares of Facebook range between $243 to $384.
Circa 2021, the platform’s earnings took to new heights and exceeded all expectations when they hit the $29 billion mark. The daily activity of users kept on surging as more and more people created their profiles and invited friends.
Facebook did go through many trials and tribulations right from the start but the quest for success that the creators originally had in mind kept going strong. However, with their current shift towards augmented reality and virtual reality, Facebook is now made over as Meta and the company is all set to make more and more money as the future looks bright and brimming with opportunities.
All these shifts and changes that take the platform to whole different levels also add more to its appeal, attracting users globally and adding more to that already epic net worth.
If you want to know about the company’s market cap then that sits at a pretty $911.054 billion and that is just a little far away from the whopping $1 trillion.
Currently, Zuckerberg continues his position as the CEO of Facebook with a net worth of $61 billion and is the central representation and face of the company. Saverin left the country after denouncing the citizenship and resides in Singapore heading a venture capital firm, he has a net worth of $9.7 billion.
Moskovitz started Asana which is a platform for work organization and holds a $9.22 billion market cap and a net worth of $9.7 billion. Lastly, Chris Hughes with a net worth of over $400 million is the co-founder of The Economic Security Project.
Alongside having its fame and incredible success, Facebook was on the constant journey to expand its realm and so it took over the two giant social media platforms as well: Instagram and WhatsApp. What it did was help Facebook add more to its portfolio and help with the stock prices and add more to its net worth.
Why Is Facebook So Popular?
When we talk about popularity, it goes without saying that what Facebook offers, no other platform proffers anything quite like it. In the beginning, when platforms like Orkut and Myspace were so popular, Facebook came and smashed all of them, forcing them to end their era.
Facebook Monthly Active Users Chart 2022
Facebook came into the scene with its amazing user experience, easy to navigate layout and various profile-defining options and the all popular befriending of people. Users became ‘friends’ with not only their real life friends and family members, but connected and made many friends from all over the world.
Users shared pictures, music, and all sorts of data and files through Facebook, using the platform as a way to store not only their memories but to also connect with like-minded people and bond over their shared interests through various pages and Facebook groups.
Of course, celebrities needed to be on the biggest social network as well so they could share their upcoming projects and connect with their fans. Like Instagram, celebrities have their verified profiles on Facebook as well and have followers of millions.
For the longest time since its foundation, Facebook has had no competition and dominated the game. Even though today people are madly in love with Instagram, TikTok, and Snapchat, Facebook still has the most monthly users at an astonishing 2.5 billion. So that is not going anywhere anytime soon.
Moving on from the general fun and connecting with people, Facebook became a hot spot for doing business and advertising and shifted the paradigm for marketing. Nowadays, digital marketing is all the rage and if your business is not marketing on Facebook then you are missing out on a massive audience.
Facebook has helped brands reach out to new and different audiences owing to its highly customized ads that allow business owners to target their customers more precisely.
Once you can connect with your right audience, you can look forward to nothing but success. Nobody is leaving Facebook so the future is very bright for the company because of its unique way of functioning that people have come to appreciate and get used to over time. It won’t be an exaggeration to say that nothing can be a substitute for Facebook for it holds its own and was the original social network.
A social media behemoth like Facebook is on the steady rise to gaining more financial hold no matter what comes its way because it has established a very strong foundation that is not easily shakable.
It is safe to assume that with the changing technology and the constant evolution, Facebook will have more in store ergo piling on to its net worth and amplifying its revenues.
We hope you get all your answers regarding Facebook and its statistics after reading this article.