Want to know more about why the social media giant is a big deal? Read on to discover the Facebook net worth.
For some, figuring out a corporate balance sheet requires a spy glass and the Rosetta Stone.
Company stock prices make perfect sense to some, but can leave the rest of us reeling.
This feeling can especially be true when researching a financial behemoth, such as the Facebook net worth.
Facebook net worth: let’s back track and get some context
Chief executive officer Mark Zuckerberg cofounded the company in 2004, and revolutionised the creation and sharing of content.
Zuckerberg began his ascent to legendary heights after dropping out of Harvard, and becoming a tech wizard.
Although without a diploma (he obviously didn’t need one), Zuckerberg swiftly joined the ranks of millionaire Internet gurus.
Mark: They know we didn’t actually graduate, right?
Bill: Oh, that is the best part! They actually give you a degree!#Harvard17 pic.twitter.com/tpeC8lekXP— Harvard University (@Harvard) March 7, 2017
As such, Facebook is a valuable tool for staying in touch, and staying connected.
Consequently, it has 1.86 billion active monthly users around the globe.
Furthermore, with consumers increasingly favouring smart devices, Facebook’s mobile traffic continues to grow at meteoric rates. Around 1.15 billion mobile users are on Facebook throughout the day.
With such staggering numbers, it’s plain to see that the corporation’s goal of connecting the world is within reach.
A statement on the company’s official site states:
“Facebook’s mission is to give people the power to share and make the world more open and connected.
People use Facebook to stay connected with friends and family to discover what’s going on in the world, and to share and express what matters to them.”
While it makes communication between friends and family easier, Facebook also has opportunities for marketing.
Additionally, advertisers can benefit from Facebook through its offering of higher engagement with consumers, reach, and immediate social context.
Lastly, the Facebook net worth continues its strong performance with a market cap of $426b.
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