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Digital & Mobile Technology
Home›Digital & Mobile Technology›Who Owns Facebook Now?

Who Owns Facebook Now?

By Matthew Lynch
June 7, 2023
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Facebook has become one of the most popular social media platforms in the world today. It was founded in 2004 by Mark Zuckerberg, Andrew McCollum, Eduardo Saverin, Chris Hughes, and Dustin Moskovitz. It started out as a website where students could connect with each other, and it has now grown to become one of the most lucrative businesses in the world today, with over 2.89 billion monthly active users as of 2021.

Facebook has gone through a lot of changes since it was founded. One key change was brought about in 2012 when it went public. This meant that it had to sell shares of its company to the public, which in turn meant that anyone could own a part of Facebook. It also meant that while Mark Zuckerberg may have founded Facebook, he no longer owns it outright.

Currently, Facebook is a publicly traded company, which means that it is owned by shareholders who buy and sell shares of the company on the stock market. As of 2021, Mark Zuckerberg owns around 10% of the company’s stock, which makes him one of the largest shareholders. However, there are other investors who own a stake in Facebook as well.

Some of the other top shareholders in Facebook include Vanguard Group, BlackRock, and Fidelity Investments. These companies own large chunks of Facebook’s stock, and they have a say in how the company is run. This means that even though Mark Zuckerberg is the face of Facebook, he is not the only person who has a say in how the company operates.

Facebook has also made a number of huge acquisitions over the years, which has helped it to grow even larger. Some of the most notable acquisitions include Instagram, WhatsApp, and Oculus VR. These purchases have helped to diversify Facebook’s offerings and have made it an even more valuable company.

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Since technology is not going anywhere and does more good than harm, adapting is the best course of action. That is where The Tech Edvocate comes in. We plan to cover the PreK-12 and Higher Education EdTech sectors and provide our readers with the latest news and opinion on the subject. From time to time, I will invite other voices to weigh in on important issues in EdTech. We hope to provide a well-rounded, multi-faceted look at the past, present, the future of EdTech in the US and internationally.

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