You have probably heard about many famous brands or some big companies with the help of social networks, but have you ever thought about what are the biggest companies acquired by Facebook? Some of the most major companies acquired by Facebook have helped the company successfully transition from being a PC-focused play to a mobile-focused company. Is it acquisition necessary thing for some company?
If one company buys another company by taking ownership of it or gaining control over its actions, then we are talking about acquisitions. Acquisition economy is a business combination in which there is a buyer of some company and the other that becomes part of another company or can engage separately but under the control of the parent company. ConnectU was a social networking website started by three Harvard students in 2004, who later went on to accuse Mark Zuckerberg of plagiarizing their idea of a social networking site. In 2008, Facebook agreed to pay $65 million (including $20 million in cash and 1.25 million shares) to buyout ConnectU. Did you ever hear about Friend Feed? FriendFeed helped track the activities of your friends on different social networks. FriendFeed was bought by Facebook for $15 million in cash and $32.5 million in stock in 2009. Pebbles is an Israel-based startup founded in 2010 and specializing in gesture control. To expand its presence in virtual reality, Facebook acquired Pebbles for $60 million. To make people on the Internet more accessible, partnerships are formed. New organizations lead to great work, and Facebook is aware that it has to set standards. The Facebook strategy is to make acquisitions with complementary companions and help this social network. In addition to these well-known assets, it is little known that since 2005, the company has taken over as many as 68 companies – for a large number of acquisitions, the figures paid by Facebook have never been published, while the Zuckerberg corporation, whose amounts known, spent more than 23 billion So if we include the acquisitions of companies whose numbers are not known, the total amount would still be much higher. They bought the first company in August 2005. Facebook has developed over the course of twelve years from the idea of connecting students to a social network that will soon have more than two billion users, and how much they have grown can be seen by the number and amount of acquisitions, and it is sure that Zuckerberg will continue buying some new companies in the future.
If you want to see what are the biggest companies acquired by Facebook and find out more about this topic, check Insider’s Monkey list of 11 Biggest Companies Acquired By Facebook.