Facebook, Inc. is a social networking company that has got 82 other agencies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform. Facebook also purchased the defunct company ConnectU in a court agreement and acquired highbrow property formerly held by rival Friendster. The majority of the businesses received by Facebook are based in america, and in turn, a big percent of those companies are based in or across the San Francisco Bay Area.
Facebook has also made investments in LuckyCal and Wildfire Interactive. Most of Facebook’s acquisitions have essentially been “talent acquisitions” and bought merchandise are sometimes shut down. Facebook CEO Mark Zuckerberg has stated in 2010 that “We have not once bought a company for the company. We buy companies to get striking people. In order to have a extremely entrepreneurial tradition one of the most key things is to be sure we’re recruiting the best people.
One of the ways to do that is to center around buying great companies with great founders. ” The Instagram acquisition, introduced on April 9, 2012, appears to have been the 1st exception to this pattern. While continuing with a pattern of essentially talent acquisitions, other amazing product concentrated acquisitions come with the $19 billion WhatsApp acquisition and the $2 billion Oculus VR acquisition.