Facebook Net Worth, History, Assets, Income, Liabilities, Net Income, Total Employees and many more details can be checked on this page. Facebook Net Worth is $1028 Billion as of 2024. Facebook is also known as Meta Platform. There was a time when we used to send letters or postcards to know about our loved ones and get in touch with them. The cost of calling those days was unmanageable and many people could not afford it.
Then, an online social networking site appeared that completely changed the way of life. Yes, we are talking about Facebook here. Since its founding in 2004, Facebook has become one of the largest and most powerful social networking sites. Also check Apple Net Worth and Google Net Worth.
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It’s all thanks to Facebook that we can now contact our loved ones from anywhere in the world. With the help of Facebook, you can send messages to people you know or people you don’t know. This was created by Mark Zuckerberg and his colleagues and very quickly Mark Zuckerberg became the youngest billionaire in the world.
Facebook craze is still growing exponentially and more and more people are using it all over the world. Now you can do various things like video calling your friends or family members, playing games with them or promoting your business on Facebook. This has completely changed the perception of people. Today, Facebook owns many other social networking sites and applications like WhatsApp, Instagram.
Facebook net worth
| Net worth in 2024 | 1028 billion USD |
| Net worth in Rupees | 60 Lakh Crore Rupee |
| Revenue | $126.955 billion |
| Operating income | 28.681 billion USD |
| Net income | 29.733 billion USD |
| total assets | 206.688 billion USD |
| Total equity | 124.795 billion USD |
| PE Ratio February 2024 | 30.17 |
| Owner | Mark Zuckerberg |
| Number of employees | 76,000 (November 2022) |
| Brand | Facebook, Instagram, Messenger, WhatsApp, Oculus VR |
Facebook net worth as of 2023 is $1028 billion. Facebook is one of the largest and most successful social media platforms today. It has a huge user base and is growing exponentially. Facebook has an estimated net worth of $1028 billion. Facebook is not alone, it owns Instagram as well as WhatsApp, two social media giants. Facebook is facing some trouble these days with its privacy policy. Many countries have expressed their displeasure and Facebook is working hard to resolve all of that.
- Meta Platforms revenue for the quarter ending September 30, 2023 was $34.146 billion.
- Meta Platform’s revenue for the 12 months ended September 30, 2023 was $126.955 billion.
- Meta Platform’s annual revenue for 2022 is $116.609 billion.
- Facebook’s annual revenue in 2021 is $117.929 billion.
- Facebook’s annual revenue in 2020 was $85.965 billion.
- Facebook’s (Meta Platforms) annual revenue in 2019 was $70.697 billion.
| Year | Annual Revenue (Million USD) |
|---|---|
| 2023 | $126,955 |
| 2022 | $116,609 |
| 2021 | $117,929 |
| 2020 | $85,965 |
| 2019 | $70,697 |
| 2018 | $55,838 |
| 2017 | $40,653 |
| 2016 | $27,638 |
| 2015 | $17,928 |
| 2014 | $12,466 |
| two thousand and thirteen | $7,872 |
| 2012 | $5,089 |
| 2011 | $3,711 |
| 2010 | $1,974 |
| 2009 | $777 |
Facebook net income
- Meta Platforms’ net income for the quarter ending September 30, 2023 was $11.583 billion.
- Meta Platforms’ net income for the twelve months ended September 30, 2023 was $29.733 billion.
- Meta Platform’s annual net income for 2022 is $23.2 billion.
- Facebook (Meta Platforms) Annual Net Income in 2021 is $39.37 Billion
- Facebook’s (Meta Platforms) annual net income in 2020 is $29.146 billion
- Facebook’s (Meta Platforms) annual net income in 2019 was $18.485 billion
| Year | (Million dollars) |
|---|---|
| 2023 | $29,733 |
| 2022 | $23,200 |
| 2021 | $39,370 |
| 2020 | $29,146 |
| 2019 | $18,485 |
| 2018 | $22,111 |
| 2017 | $15,920 |
| 2016 | $10,188 |
| 2015 | $3,669 |
| 2014 | $2,925 |
| two thousand and thirteen | $1,491 |
| 2012 | $32 |
| 2011 | 668 dollars |
| 2010 | $372 |
| 2009 | 122 dollars |
| 2008 | $-56 |
| 2007 | $-138 |
Start
Facebook was introduced in 2004 by Mark Zuckerberg and Edward Saverin. They were studying at Harvard University at the time and they decided to do something new. They invested $1,000 each in the website and then, in February 2004, Facebook was introduced. It was launched by Mark Zuckerberg and he holds most of its shares. Before that, Facebook was available at thefacebook.com.
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They allowed people above 13 years old with a valid email ID. Facebook was able to introduce itself properly and that became the main reason for its success. It showed the world a different way of living and Facebook never stopped evolving. It kept changing with the times. It used to be just for messaging and connecting with our loved ones but very quickly Facebook became a place where you could live.
Facebook organizational structure
| Title | Operating |
|---|---|
| Chief Executive Officer (CEO) | Mark Zuckerberg |
| Chief Operating Officer (COO) | Sheryl Sandberg |
| Chief Financial Officer (CFO) | David Wehner |
| Chief Technology Officer (CTO) | Mike Schroepfer |
| Chief Product Officer (CPO) | Chris Cox |
| Vice President of Reality Labs | Andrew Bosworth |
| Vice President of Global Marketing | Carolyn Everson |
| Vice President of Engineering | Jay Parikh |
| Vice President of Human Resources | Lori Goler |
| Vice President of Legal | Colin Cang |
| Vice President of Communications | Nick Clegg |
Assets on Facebook
- Meta Platforms total assets for the quarter ending June 30, 2023 were $206.688 billion
- Meta Platform’s total assets for 2021 are $165.987 billion
- Meta Platform’s total assets for 2020 are $159.316 billion
- Meta Platforms’ total assets in 2019 were $133.376 billion
| Year | Assets (Million USD) |
|---|---|
| 2023 | $184,491 |
| 2022 | $178,894 |
| 2021 | $165,987 |
| 2020 | $159,316 |
| 2019 | $133,376 |
| 2018 | $97,334 |
| 2017 | $84,524 |
| 2016 | $64,961 |
| 2015 | $49,407 |
| 2014 | $39,966 |
| two thousand and thirteen | $17,895 |
| 2012 | $15,103 |
| 2011 | $6,331 |
| 2010 | $2,990 |
| 2009 | $0 |
Evolution
When it first started, Facebook was limited to people from Harvard University. It then moved to many other American universities. As its popularity increased and it appeared in the press as Facebook became global in 2006. They allowed people 13 years of age and above with a valid email ID.
Despite all its glory, Facebook has also had some tough times. For the growth of any startup, you need investments. Facebook lacked that in the early days, so Mark Zuckerberg moved Facebook to Palo Alto, California. PayPal has shown interest in Facebook and invested $12.7 million in it.
Facebook Net Worth
Microsoft then bought 1.6% of Facebook’s shares and Facebook’s value increased to $15 billion. Today, the ads we see on Facebook are because of that purchase. Microsoft has a license to advertise its products on Facebook.
Facebook currently has the most users of any other social media platform. It has more than 1 billion active users. Facebook saw strong growth between 2008 and 2012, as the number of users increased from 100 million to more than 500 million. Very quickly, Facebook also became a business center. Many people started promoting their businesses on Facebook.
Facebook has always maintained itself over time and never stopped evolving. Facebook is doing a lot of different things these days, Facebook is planning to launch its own cryptocurrency and Facebook is doing some heavy lifting in artificial intelligence and augmented reality to keep improving itself.
Product department
| Product | Vice president |
|---|---|
| Fidji Simo | |
| Adam Mosseri | |
| Will Cathcart | |
| Message | David Marcus |
Groups based on company functions
| Team | Vice president |
|---|---|
| Finance | David Wehner |
| Legal | Colin stretches |
| Human Resources | Lori Goler |
| Marketing | Carolyn Everson |
| Public policy | Nick Clegg |
| Technique | Jay Parikh |
| Product | Chris Cox |
| Real lab | Andrew Bosworth |
Awards and achievements
Facebook has received many awards and honors over the years. Facebook is considered one of the largest startups in history and thus Mark Zuckerberg became the youngest billionaire. Facebook was honored with the 2008 People’s Voice Award and has also won Crunchie’s “Best Overall Startup or Product” three times [2008 – 2010].
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Facebook Net Worth
Conclusion
Since Facebook was born in 2004, it has become a part of our lives. We used to spend hours talking to our loved ones. Facebook has completely changed the way we communicate. It also offers many other features that are quite handy in everyday life. After the advent of Android, Facebook became even more popular. We really appreciate their work and what they have achieved is quite extraordinary.
frequently asked Questions
What is Facebook’s net worth?
Facebook’s total net worth is about $1028 billion
When was Facebook founded?
Facebook was founded in February 2004 in Cambridge, Massachusetts, United States
Who are the founders of Facebook?
Facebook founders’ names are Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Chris Hughes, Dustin Moskovitz
Who is the CEO of Facebook?
Currently, Facebook’s CEO is Mark Zuckerberg (February 4, 2004–)
What is Facebook’s annual revenue?
Facebook’s revenue for the 12 months ending June 30, 2023 is $120.523 billion
What is Facebook’s PE ratio?
Facebook’s PE ratio as of August 8, 2023 is 30.12.
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Category: Net Worth