Are you interested in knowing Facebook’s net worth?
If yes, you will learn it here. Facebook is an American-based social media platform for millions of people all over the world. It is the most widely used social media platform. Its users include both the young and adults. On daily basis, millions of people.
Use this platform to connect with friends, share ideas, sell and buy products and services. Users of this social media platform created. Personal profiles on the site Facebook.com and then upload photos, share news stories, stay in touch with friends… and much more.
it was founded by Mark Zuckerberg while he was a student at Harvard University in 2004. Today, it has grown to have more than 900 million members.
Additionally, do you know that Facebook’s Net Worth is worth billions of dollars? This platform is worth about $528 Billion. Also, it was private until its IPO in May 2012. In the IPO, Facebook was hoping to raise $10.6 billion by selling 337 million shares priced between $28 and $35 per share.
A lot of notable Facebook insiders were expected to sell many shares with the IPO. However, CEO Mark Zuckerberg sold 30.2 million shares which netted him $1.057 billion. Mark still owns over 500 million other shares that he will not sell that gave him a net worth of roughly $16 billion. We can say that Facebook is no longer a private business as there are many people who have shares in it.