Facebook is an international technology company that chiefly purveys social networking services. It is a member of the Big Five companies. The company is so huge that it has made $ 8,597 Cr revenue as of the 2020 update. In 2004, Mark Zuckerberg introduced this platform and since then billions of users are accessing Facebook every minute. As of 2021, Facebook’s Net worth is USD $1.21 trillion.
A year before the launch of Facebook, in the year 2003, it was known as Facemash. The journey to make Facemash as rating hottest person on campus to Facebook, there are a lot of stories. Now, being the youngest trillion $ company, you might need to know about their finance in detail. Let us give you detail about Facebook’s Net Worth and other financial details.
Facebook Net Worth
It is without a doubt that Facebook is one of the most successful and acclaimed social media spots. It is famous and used by youngsters as well as senior people. Facebook has more than 2.85 billion active users and Facebook accounts for these users are worth 158 dollars each. The number social networking company has a total net worth estimated at USD $1.21 trillion giving Facebook the title of the youngest company to do so.
Facebook Monthly Turnover / Income / Profit
With 2.90 billion monthly active users, the company tends to generate a major amount of revenue from its advertising placement marketplace as there are more than 2 million active advertisers on Facebook. Facebook has observed an increase of more than 17% in the monthly revenue, gaining a monthly turnover of around 9.69 billion US dollars in the year 2021. The net income for a month on the above-mentioned figures is about 3.46 billion US dollars.
Facebook Yearly Turnover / Income / Profit
Facebook earns money throughout the year through various means. The company’s advertising revenue makes up about 66% of the total revenue of Facebook, giving the figure of around 84.2 billion US dollars. The advertising marketplace brought in somewhat 28.5 billion US dollars in the second quarter of 2021. While the virtual goods and gifts worth 497 million from the streams also added up to the revenue. The annual report of Facebook stated an annual turnover of approximately 104.789 billion US dollars.