Mark Zuckerberg who is said the world’s youngest billionaires. He is one of the five co founder of the world most successfully social networking site called Facebook. At the age of 29 he has a net worth of $ 25.3 Billion. After many conflicts between its cofounders and facebook. Mark Zuckekberg was named the king of Facebook, I mean the Owner.
List of Main Acquisition By Facebook
He then never looked back and then stared his social media journey .He made Facebook the most engaged social media site all over the world by all ages of people. I too find Facebook interesting and a good source to spend my leisure. He also started buying (acquisition) of many other firms, websites, and companies to make his social network even larger. We will only discuss about its buy out which wer above 1 billion dollars namely WhatsApp ,Oculus VR, Instagaram for $19 bn,$2bn,$1bn respectively.
1.Whatspp
An instant messaging service mobile application developed by the duo Brian Acton and Jan Koum. Jan Koum who is the co-founder and CEO of whatsapp, Made it on three principles. Both of them have a note that “No Ads! No Games! No Gimmicks!’The buyout took place in USA. Mark made this deal for $19 billion on February 19, 2014.Facebook made huge profits because of this deal. Few days after this buyout took place, Whatsapp servers were down for few hours and this news was spread like wild fire around the world.
2. Oculus VR
A virtual reality technology company. It was founded by palmer luckey in California; USA in the year 2012.It is related to video gaming .While you browse though its wiki web page, you may find its products named rifts and also Facebook as parents. Rift will be available in 2014 or 2015 as announced by them. Facebook bought it for $2 Billion which took place at Irvine, California, USA.
3. Instagram
Instagram is a world famous mobile application in which users are allowed to take pictures, videos. Users can also edit them by adding color filters which are provided the social networking site itself. It was launched by Kevin and Mike in October, 2010. By 2011 it had millions of daily users worldwide. It is released for all kinds of mobile platforms. A Mobile application whose size is nearly 14 MB was sold out to facebook for $1 Billion at San Francisco, USA on April 9, 2012.This deal was o0n e of the magnificent deals made by mark.