A company in the archive: 4 stories feature Facebook. Each one is sourced and dated.
Stories featuring Facebook
In the archive
- News Corp Paid $580 Million for MySpace and Sold It for $35 Million$580M→$35MBought for → Sold for
In 2005 Rupert Murdoch's company bought one of the fastest-growing sites on the internet. A year later Google promised $900 million in ad payments. Six years later the whole thing went for $35 million.
- Snapchat Turned Down $3 Billion in Cash From Facebook$3B→$24BOffer refused → IPO value, 2017
In 2013 a two-year-old app with no revenue said no to Facebook's all-cash offer. Its 23-year-old CEO wanted more. Four years later the stock market valued the company at about $24 billion.
- Instagram Sold for $1 Billion With Almost No Revenue$500K→$1BSeed money → Facebook's price
Instagram started as a check-in app with $500,000 of seed money. Eighteen months after its launch, Facebook agreed to pay $1 billion for it.
- Facebook Paid $19 Billion for WhatsApp$250K→$19BSeed money → Facebook's price
Two former Yahoo engineers started WhatsApp with $250,000 from old colleagues. Five years later Facebook agreed to pay $19 billion for it.
