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The widely used Oculus virtual reality technology widely used in consoles and gaming platforms was recently acquired by Facebook. It officially owns both of the companies. Facebook acquired different stakes in social media companies and businesses like Instagram and Whatsapp, the two most widely recognized and used social media platforms globally. The Facebook company in the current area mostly focuses on enchanting its outreach in the social media world and acquiring various assets to let them do so. Since the IPO, the company has made millions of dollars due to more than 50 million active monthly users. It has allowed the people working in the company to lead a financially stable life due to it being one of the five best companies present in the United States of America alongside Google, Amazon, Apple, and Microsoft. After the IPO, the company was formally in the hands of the board of directors, who hold the major stake in the company.įrom that point on, this company has managed to acquire lots of assets and major stakes of other companies in its belt. The company was originally started as an IPO, and its goal was to raise millions of dollars. They have always evolved their selection in terms of choosing the right strategy to expand their company.
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There is not a single person in the world who has not heard about this company. Since then, Facebook was founded in 2004 and has been the most influential social media website in the whole world. We will be talking about the origins, the operating style, and the progress that Facebook has made throughout the years of its existence. We will need to remember many other things about the company that we will be looking at in this article. It is important to consider that the people will always use social media so the company them that the people working to improve the apps constantly will have a lot of work ahead of them due to the constantly evolving technology that has been presented into the world and to cope up with the competition. The owners of Facebook have made a lot of wise investments here and there to protect the company and acquire additional assets to ensure that the company’s legacy can carry on. Therefore, Facebook implemented that technology to create a social hub that allows people to share pictures and videos and share news, clippings, and raise awareness and gain traction about social and political issues. The information of the world could be accessed in the palm of our hands. Media has changed ever since the internet was spread around the world. That is why people need to realize that the people working in the company are trying their best to implement features that are important for day-to-day leisure activities. That is why this company has grown much throughout the years and has acquired tremendous wealth and assets, which otherwise wouldn’t have been possible if the venture wouldn’t have existed. It has brought the world together in a good way and has been a source of entertainment, news, and inspiration for many since its inauguration. It has allowed the people to stay together and in contact despite the limitations of time, money, and geography. It is good to have a social media account in today’s world, especially a Facebook account, which helps us stay connected to our friends and be in touch with the happenings in our state.įacebook has always been around for people who want to connect and share memories and pictures of the things they do in real life. It is good to see people using social media to ease their problems, but it comes with a fair chance of suffering consequences if misused. Who Owns Facebook – The world of social media is ever-evolving, and everything in it keeps changing due to the overwhelming effect on the modern world.