Facebook is undeniably one of the biggest success stories in technology, and in business.
Now a household name, the company has evolved from a simple networking site for select college students to a multi-billion dollar empire, with close to two billion users worldwide.
So how has The Social Network evolved to became the giant it is today? The company’s extraordinary growth is at least partially attributable to its multitude of acquisitions over time.
Facebook continues to take out potential competitors, with The Social Network acquiring rising social app tbh in a deal said to be worth less than $100 million.
tbh, which has proven particularly popular amongst high school students, is a simple social app which enables users to answer multiple choice questions about their friends – you can see this in the first and last screenshots above. The app’s focused on positivity, so the questions are light-hearted and geared around encouragement.
Facebook on Monday announced it was closing its $19 billion deal to buy WhatsApp.
“We are looking forward to connecting even more people around the world, and continuing to create value for the people who use WhatsApp," reads a terse statement from the company about the closing. As part of the deal, WhatsApp cofounder Jan Koum will join Facebook's board of directors.