Facebook Net Worth 2024: Meta Platforms Revenue and Assets

Facebook’s Net Worth is estimated to be $1.204 trillion. Facebook is also known as Meta Platforms. There was a time when we used to send letters or postcards to know about our loved ones and to be in touch with them. The cost of calling was not that manageable those days and many couldn’t afford it.

Then came an online social networking site that completely changed the way of living. Yes, we are talking about Facebook here. Since its inception in 2004, Facebook became one of the mightiest and biggest social networking sites. Must Check TCS Net Worth.

What is Meta Platforms Net Worth?

Facebook’s Net Worth is around $1.204 trillion (1204 Billion USD) As of 2024. It’s all thanks to Facebook that we can now communicate with our loved ones from anywhere around the globe. With the help of Facebook, you can send messages to someone you know or someone you don’t too. This was created by Mark Zuckerberg and his colleagues and very soon Mark Zuckerberg became the youngest billionaire of the world.

The craze of Facebook is still growing exponentially and it is gaining more and more users from all around the world. Now you can do various kinds of things like, you can video call your friends or family members, you can play games with them, or you can promote your business on Facebook too. This has completely changed the perception of human beings. Nowadays Facebook owns various other social networking sites and applications like WhatsApp, Instagram.

Facebook Net Worth

Facebook’s net worth as of 2024, is $1204 billion. Facebook is one of the biggest and most successful social media platforms today. It has a massive number of users and they are increasing exponentially. Facebook is not alone, it owns Instagram as well as WhatsApp, the two giants of social media. Facebook has some troubles theses days with its privacy policies. Many nations have shown discomfort and Facebook is working hard to resolve all that. You may also like Infosys Net Worth.

Meta Platforms Revenue (Facebook)

• Meta Platforms revenue for the quarter ending March 31, 2024 was $36.455 Billion.
• Meta Platforms revenue for the twelve months ending March 31, 2024 was $142.712 Billion.
• Meta Platforms annual revenue for 2023 was $134.902 Billion.
• Meta Platforms annual revenue for 2022 was$116.609 Billion.
• Facebook annual revenue for 2021 was$117.929 Billion.
• Facebook annual revenue for 2020 was$85.965 Billion.
• Facebook (Meta Platforms) annual revenue for 2019 was $70.697 Billion.

Facebook Net Income

• Meta Platforms net income for the quarter ending March 31, 2024 was $12.369 Billion.
• Meta Platforms net income for the twelve months ending March 31, 2024 was $45.758 Billion.
• Meta Platforms annual net income for 2023 was $39.098 Billion.
• Meta Platforms annual net income for 2022 was$23.2 Billion.
• Facebook (Meta Platforms) annual net income for 2021 was$39.37 Billion
• Facebook (Meta Platforms) annual net income for 2020 was$29.146 Billion
• Facebook (Meta Platforms) annual net income for 2019 was $18.485 Billion

Inception

Facebook was introduced way back in 2004 by Mark Zuckerberg and Edward Saverin. They were studying at Harvard University those days and they decided to do something new. They invested $1,000 each in the site and later, in February 2004 Facebook was introduced. It was launched by Mark Zuckerberg and he holds most of its shares to. Earlier Facebook was available at thefacebook.com.

They allowed persons above the age of 13 with a proper email ID. Facebook was able to showcase itself properly and that became the main reason for its success. It showed the world a different way of life and Facebook never stopped evolving. It kept changing with the course of time. Earlier it was only meant for messaging and connecting with our loved ones, but very soon Facebook became a place where you can live.

Facebook Organization Structure

Facebook Assets

• Meta Platforms total assets for the quarter ending March 31, 2024 were $222.844 Billion
• Meta Platforms total assets for 2023 were $229.623 Billion
• Meta Platforms total assets for 2022 were $185.727 Billion
• Meta Platforms total assets for 2021 were $165.987 Billion
• Meta Platforms total assets for 2020 were $159.316 Billion
• Meta Platforms total assets for 2019 were $133.376 Billion

Evolution

As a startup Facebook was only limited to the peoples of Harvard University. Later it moved to various other Universities of America. As its popularity was rising and it was coming into the news like Facebook became global in 2006. They allowed 13 or above 13 years old with a proper email id.

Despite all the glory, Facebook has had some tough times too. For the growth of any startup, you need investment. Facebook was lacking that in the early days, so Mark Zuckerberg shifted Facebook to Palo Alto, California. PayPal showed interest in Facebook and invested $12.7 million in it.

Later on, Microsoft purchased 1.6% shares of Facebook, and because of that the value of Facebook increased to $15 billion. Nowadays the advertisements we see in Facebook is because of that purchase. Microsoft has the license to advertise its products on Facebook.

Facebook has now the most no of users than any other social media platform. It has over 1 billion active users. Facebook has seen massive growth during the 2008 to 2012 period, as the no of users increased from 100 million to more than 500 million. Very soon Facebook became the hub for business too. Many started promoting their business on Facebook.

Facebook keeps itself with time and never stopped evolving. Nowadays Facebook is doing various other things, Facebook is planning to launch a cryptocurrency of its own, and Facebook is doing some heavy work on artificial intelligence and augmented reality to improve itself more and more.

Product Divisions

Corporate Function-Based Teams

Awards and Achievements

Facebook has received plenty of awards and accolades over the course of time. Facebook is considered as one of the biggest startups in history and because of that Mark Zuckerberg became the youngest billionaire. Meta Platforms was honored with the People’s Voice Awards in 2008 and it has also won Crunchie “Best Overall Startup or Product” three times [2008 – 2010].

Conclusion

Since the inception of Facebook in 2004, it has became a part of our lives. We used to spend hours and hours on it talking with our loved ones. Facebook has completely changed the way of communication. It has also provided various other features which is quite handy in day to day life. After the introduction of Android, Facebook became even more popular. We really appreciate their work and what they have achieved is quite phenomenal.

FAQs