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Facebook’s financial and publicly given business info is available online. One of the most valuable and profitable companies in the world that is still growing
by skinnymuch 7y ago
Facebook’s financial and publicly given business info is available online. One of the most valuable and profitable companies in the world that is still growing revenue in the double digits per year (and unlikely to end in the next two years) is anything but dead.
FB did $40B, $55B, and ~$68B in revenue for 2017-2019. Instagram has done ~$4B, $7B, and ~$15B for 2017-2019. Almost all of that revenue are from ads or other services via Facebook.com itself. And then Instagram.
FB barely monetizes two of the three most dominant chat/messenger apps in the world - FBM and WhatsApp. WhatsApp is closing in on 1.75B monthly active users. FBM is closing in on 1.5B monthly active users. Both targets should be met in 2020. FBM has Facebook in its name. Not to mention the billions of active users Facebook and Instagram (well 1B+) each have.