Friday, May 30, 2014

Facebook Has Spent $22 Billion on Acquisitions. That's Equal to the GDP of Uganda.

Mark-zuckerberg-facebook-acquisitions
Facebook CEO Mark Zuckerberg gestures while delivering the keynote address at the f8 Facebook Developer Conference Wednesday, April 30, 2014, in San Francisco.

Image: Ben Margot/Associated Press

Media juggernauts in today's technology sector don't hold back when it comes to spending top dollars on rising startups.

Facebook in particular has spent a whopping $22 billion-plus on disclosed acquisitions since its inception in 2004. WhatsApp, Instagram and 45 other companies are now under Facebook's belt. It didn't take Mark Zuckerberg very long to realize buying other companies is the best way to grow his own.

The folks at Marketo created an infographic comparing the $22 billion-plus sum to the gross domestic products of countries, the net worth of celebrities, the price of making movies and values of professional sports teams. Take a look below:

Visualization of Facebook Acquisition

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Topics: Business, Facebook, instagram, Mark Zuckerbeg, Small Business, Social Media, Startups, WhatsApp?

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