Background: Who is Mark Zuckerberg?
Mark Elliot Zuckerberg, a self-taught computer programmer and entrepreneur, is renowned for being the founder, chair, and CEO of Meta Platforms Inc., formerly known as Facebook. Born on May 14, 1984, in White Plains, New York, Mark grew an affinity for computers at a young age and began learning BASIC programming language during his childhood. Intrigued by the potential of connecting people online, he attended Harvard University with plans to develop a platform that would revolutionize social networking.
The origins of Facebook can be traced back to Zuckerberg’s dorm room, where the site initially started as FaceMash and later evolved into HarvardConnection.com in 2004. These early ventures laid the groundwork for what would eventually become the global powerhouse that is Meta today. As of June 10, 2022, Mark Zuckerberg’s net worth was approximately $68.2 billion according to Bloomberg.
A pivotal moment in Zuckerberg’s life came when he dropped out of Harvard after his sophomore year to devote his full attention to Facebook. The site gained traction and expanded beyond the university walls, eventually becoming accessible to millions of users worldwide by 2012. Mark’s unwavering dedication paid off with a successful initial public offering (IPO) that raised $16 billion, making it the most lucrative Internet IPO in history at that time.
Beyond Facebook, Mark and his wife, Priscilla Chan, established the Chan Zuckerberg Initiative (CZI) in 2015 with a goal to deliver “personalized learning, curing disease, connecting people, and building strong communities.” Their philanthropic efforts have been recognized for their potential to positively impact society on a grand scale.
Mark’s influence extends beyond Facebook; the company has made headlines for its acquisitions of Instagram in 2012 and WhatsApp in 2014, as well as various other innovative companies. Zuckerberg has also been recognized for his leadership style and role in shaping Meta and the tech industry as a whole.
Despite his remarkable achievements, controversies have followed Mark and Facebook throughout its existence. Allegations of data misuse and privacy concerns have been raised, particularly concerning the Cambridge Analytica scandal in 2018. Critics argue that Facebook’s immense power and influence over information consumption and communication warrant closer scrutiny.
As Meta continues to evolve and adapt to emerging technologies, Mark Zuckerberg remains at the helm, leading the charge towards an increasingly interconnected world.
The Beginnings of Facebook
Mark Zuckerberg, a self-taught computer programmer, is the co-founder, chair, and CEO of Meta Platforms Inc., formerly known as Facebook. In 2004, while attending Harvard University, Zuckerberg founded the social networking site in his dorm room alongside Andrew McCollum, Dustin Moskovitz, Chris Hughes, and Eduardo Saverin. As of June 10, 2022, according to Bloomberg’s Billionaires Index, Zuckerberg’s net worth was estimated at approximately $68.2 billion.
Facebook, which began as an exclusive platform for Harvard students, expanded beyond the university walls in September 2005 and opened to the public in 2006. The site grew rapidly, surpassing MySpace as the most visited social networking site in the U.S. by the end of 2008.
Before Facebook’s launch, Zuckerberg developed two early projects: FaceMash and HarvardConnection.com. The former was a website for ranking the attractiveness of other Harvard students through their photos, while the latter aimed to connect students through personal profiles. However, the success of Facebook overshadowed these projects.
Legal controversies followed Zuckerberg and his partners from Harvard. In 2004, Cameron and Tyler Winklevoss, along with Divya Narendra, filed a lawsuit against Zuckerberg for allegedly stealing intellectual property from their social networking site, HarvardConnection.com. The lawsuit was settled out of court in 2008 with Zuckerberg agreeing to pay the Winklevoss twins and Narendra approximately $65 million in cash and Facebook shares.
The early years of Facebook were not without challenges. In 2011, the Winklevosses attempted to reopen their lawsuit against Zuckerberg. However, the case was dismissed due to insufficient evidence. Despite these legal issues, Facebook continued to grow, eventually going public in May 2012 through an initial public offering (IPO) that raised $16 billion and solidified its position as a major player in the tech industry.
Today, Meta Platforms Inc. boasts over 2.93 billion monthly active users across Facebook, Instagram, WhatsApp, and Messenger. The company has also expanded through strategic acquisitions such as Instagram for $1 billion in 2012, WhatsApp for approximately $22 billion in cash and shares in 2014, Oculus VR for $2 billion in 2014, and numerous other companies focused on artificial intelligence (AI) and identification platforms.
Aside from his business ventures, Zuckerberg and his wife, Priscilla Chan, have been philanthropically active through the Chan Zuckerberg Initiative (CZI). Founded in December 2015, CZI’s mission is to deliver “personalized learning, curing disease, connecting people, and building strong communities.” With a focus on addressing social issues and supporting scientific research, CZI has donated billions to various causes.
In conclusion, Mark Zuckerberg’s journey from Harvard dorm room to billionaire CEO of Meta Platforms Inc. is an impressive testament to innovation, determination, and adaptability in the ever-evolving tech industry.
Growth and Expansion
Mark Zuckerberg’s Harvard dorm room became the birthplace of a global social media platform that has since transformed the digital world and shaped our modern-day communication landscape – Facebook, now Meta Platforms Inc. (Meta). Initially named Facemash, the site was later renamed to Facebook in 2003 after Zuckerberg learned about the existence of a similar site called “Facemash” at MIT.
In its early days, Facebook started as a social networking platform for Harvard students, which quickly expanded to other universities and eventually opened up to the general public in 2006. The platform’s user base grew exponentially, reaching over 500 million users by 2010, and surpassing one billion users in 2012. Today, Meta boasts an impressive 2.93 billion monthly active users as of the first quarter of 2022, making it the largest social network globally.
During this period of expansion, Facebook underwent significant changes and acquisitions that further solidified its position in the tech industry. One of these milestones was Meta’s initial public offering (IPO) on May 18, 2012. The IPO raised an astounding $16 billion and marked a pivotal moment for both Facebook and the tech industry at large.
In addition to its IPO, Facebook made strategic acquisitions that bolstered its offerings and expanded its reach. Instagram, a popular photo-sharing platform with over 800 million active users as of February 2022, was one of these notable acquisitions. Facebook acquired Instagram in 2012 for $1 billion in cash and stock, which proved to be an excellent investment given the platform’s explosive growth since then.
Another significant acquisition was WhatsApp, a messaging app with over 2 billion active users as of February 2022. Meta acquired WhatsApp in 2014 for $21.8 billion in cash and shares, marking its largest acquisition to date. This deal enabled Facebook to strengthen its presence in the messaging market and further expand its reach in emerging markets where SMS was still a dominant form of communication.
As Meta continued to grow, it acquired dozens of other companies, including Oculus VR for $2 billion in 2014 and various AI, identification platforms, and other tech companies. These strategic acquisitions have played an essential role in shaping Meta’s current offerings and future initiatives, such as the metaverse.
Controversies
Mark Zuckerberg’s journey to becoming a billionaire CEO has not been without challenges, particularly in the realm of data privacy controversies surrounding Facebook (now Meta). The company, which started as a small social media platform at Harvard University, has grown into an influential global presence with over 2.93 billion monthly active users as of Q1 2022. However, this expansion has not come without its share of controversy.
One major issue that came to light in 2018 was the Cambridge Analytica scandal. It emerged that the political consulting firm Cambridge Analytica had collected data on approximately 87 million Facebook users without their consent. The data was reportedly used for targeted advertising purposes, raising concerns about privacy violations and potential manipulation of user information. This revelation led to intense scrutiny of Facebook’s handling of user data and its role in influencing political campaigns.
Mark Zuckerberg testified before the Senate and House committees in April 2018 to address these allegations, emphasizing that Facebook heard about Cambridge Analytica’s involvement from media reports just like everyone else. He outlined actions Facebook planned to take to prevent future incidents of this nature, such as safeguarding its platform, investigating other apps, and building better controls for user data.
However, this controversy was not an isolated incident. Facebook has faced ongoing criticism regarding its handling of user data since its inception. Concerns about privacy violations have persisted, with many users expressing unease over the collection, storage, and usage of their personal information by the social media giant. The potential for misuse of this data, particularly in political contexts, has sparked debates about accountability, transparency, and ethical considerations surrounding the tech industry as a whole.
These controversies not only impact Facebook but also have significant implications for users, marketers, policymakers, and society at large. As Facebook continues to grow and evolve, addressing these challenges will be crucial in maintaining trust with its user base and ensuring that technology remains a force for good rather than a source of harm.
Additionally, it’s important to note that Meta (Facebook) generates the majority of its revenue from advertising. Companies pay to place ads on various platforms, including Facebook, Instagram, and WhatsApp. Zuckerberg owns a significant portion of Meta through his shares, making him one of the world’s wealthiest individuals with an estimated net worth of $68.2 billion as of June 10, 2022.
In response to these controversies, Facebook has made efforts to improve its transparency and address user concerns by providing more control over personal data settings, introducing new privacy features, and implementing stricter guidelines for third-party apps. These measures aim to restore trust and maintain the platform’s reputation as a valuable communication tool and innovative technology company.
In conclusion, Mark Zuckerberg and Facebook have experienced immense growth since their inception. However, this journey has not been without controversy, particularly surrounding data privacy concerns and allegations of misuse of user information. The Cambridge Analytica scandal was just one example of these challenges. As Meta continues to expand, addressing these controversies will be essential for maintaining trust with its users and ensuring that technology remains a positive force in our world.
Mark Zuckerberg’s Philanthropy
Mark Zuckerberg’s net worth reaches approximately $68.2 billion (as of June 10, 2022), making him one of the richest individuals in the world. His wealth comes primarily from Meta Platforms Inc., formerly known as Facebook, which he co-founded and leads as chair and CEO. Zuckerberg is not only known for his business success but also for his philanthropic endeavors through the Chan Zuckerberg Initiative (CZI), a limited liability corporation founded by him and his wife Priscilla Chan in 2015.
The CZI’s mission statement reads: “We believe we can make a significant impact on some of the world’s most pressing challenges, including personalized learning, curing disease, connecting people, and building strong communities.” Their goal is to join forces with a diverse community of thinkers, innovators, and problem solvers to bring meaningful change.
In 2015, Zuckerberg and Chan published an open letter to their daughter, Maxima, announcing their commitment to donate 99% of their Facebook shares during their lives to the CZI. The initial areas of focus were personalized learning, curing disease, connecting people, and building strong communities.
Education and Access to Learning:
The Chan Zuckerberg Science initiative has supported several projects that aim to provide personalized learning solutions for students, such as the Summit Public Schools’ Personalized Learning Project. They also collaborated with the University of California, San Francisco (UCSF) to establish the Chan Zuckerberg Biohub, a unique research center combining technology and science to cure, prevent or manage all diseases by the end of the century.
Social Responsibility:
The CZI is actively working on several projects to improve social responsibility in various industries. For instance, they support organizations focusing on criminal justice reform, such as the Ella Baker Center for Human Rights. In the realm of housing affordability, they are partnering with local governments and community-based organizations to develop affordable housing. Additionally, their work includes initiatives addressing climate change and protecting the environment.
Early Life and Education:
Mark Zuckerberg was born on May 14, 1984, in White Plains, New York. He grew up in Dobbs Ferry, New York, and displayed a keen interest in computers from an early age, creating software at the age of 12. Zuckerberg went on to attend Harvard University but dropped out during his sophomore year to focus on Facebook.
Net Worth and Philanthropy:
Zuckerberg’s philanthropy is not limited to personal donations; he has also used Facebook’s platform for social good, such as the #ShareACoke campaign, which encouraged users to share their names on Coke bottles, leading to over 250 million posts. In 2014, Zuckerberg and Chan were ranked as America’s most generous donors by Philanthropy magazine, following their significant donations to various causes, including the Silicon Valley Community Foundation.
Net Worth and Salary
Mark Zuckerberg’s net worth is a subject of great interest to both investors and fans alike. As of June 10, 2022, Forbes estimates his wealth to be approximately $68.2 billion. A significant portion of this fortune comes from Facebook, where he serves as co-founder, chair, and CEO. The company’s impressive growth is evident in its monthly active user base of over 2.93 billion as of the first quarter of 2022. This makes Facebook the largest social media platform in existence.
However, Zuckerberg’s income isn’t limited to his substantial net worth. He officially earns an annual salary of just $1 from Meta (Facebook), a symbolic gesture that reflects his commitment to his employees and company mission.
Mark Zuckerberg’s road to wealth started in 2004 when he founded Facebook in his Harvard University dorm room, initially as FaceMash and later rebranding it to Facebook the following year. His tenacious spirit and entrepreneurial mindset paid off handsomely as the social media giant grew, eventually going public in May 2012 for $38 per share. This IPO marked the most significant Internet initial public offering (IPO) in history, raising an impressive $16 billion for Meta.
Moreover, Zuckerberg’s leadership has led to numerous acquisitions that further expanded Facebook’s reach and revenue streams. In 2012, the company acquired Instagram for a staggering $1 billion. Later, they purchased WhatsApp in cash and shares for a whopping $22 billion in 2014. Over the years, Facebook has added other acquisitions to its portfolio, including Oculus VR and various AI and identification platforms.
Beyond his business accomplishments, Zuckerberg is also known for his philanthropic endeavors through the Chan Zuckerberg Initiative (CZI). Founded in 2015 with his wife Priscilla Chan, CZI aims to deliver personalized learning, cure diseases, connect people, and build strong communities. As of June 2022, their net worth is estimated at $68.2 billion, leaving ample resources for this mission.
Influence on the Tech Industry
Mark Zuckerberg’s impact on the tech industry transcends his role as the CEO of Meta (Facebook), the world’s largest social media platform. With over 2.93 billion monthly active users, Facebook’s influence on society and communication is undeniable. Zuckerberg’s entrepreneurial spirit, innovative approach to technology, and controversial decisions have set new standards for internet businesses and their role in shaping society.
The Beginnings of a Revolution:
In its early days, Facebook revolutionized the way people connected with one another online. It began as an exclusive social network for Harvard students, and Zuckerberg’s decision to open it up to other universities and eventually the general public created a massive shift in digital communication. As a result, Facebook paved the way for the proliferation of social media platforms and changed the way users interacted with technology.
Business Acumen:
Zuckerberg’s business acumen was demonstrated through Facebook’s impressive financial growth. In 2012, Meta went public in an IPO that raised $16 billion, making it one of the most successful Internet IPOs ever. Since then, Meta has made strategic acquisitions like Instagram and WhatsApp, which have significantly contributed to its revenue. As of 2021, Facebook generated approximately $25 billion from Instagram’s ad revenue alone.
Acquisition Strategy:
Meta’s acquisition strategy has expanded beyond social media. In the realm of virtual reality (VR), Meta acquired Oculus VR in 2014, laying the foundation for its future focus on the metaverse. This strategic move positioned Meta to lead a new era of technology, where users can create and engage with immersive virtual environments.
Criticisms and Controversies:
Despite its successes, Facebook has faced numerous criticisms, including data privacy concerns and allegations of misuse of user data. The Cambridge Analytica scandal in 2018 saw personal information from 87 million users being improperly shared with the political consulting firm. Zuckerberg’s testimony before Congress regarding this issue shed light on Facebook’s role in influencing elections and its impact on privacy.
Philanthropy:
Beyond his tech empire, Mark Zuckerberg’s philanthropic endeavors through the Chan Zuckerberg Initiative (CZI) demonstrate his commitment to addressing societal issues. CZI focuses on delivering personalized learning, curing diseases, connecting people, and building strong communities—issues that resonate with Zuckerberg’s own values and experiences.
Leadership Style:
Mark Zuckerberg’s leadership style has been both innovative and controversial. His decisions to pivot Facebook from a college-only platform to an open social network for everyone, as well as his handling of crises like the Cambridge Analytica scandal, have drawn attention to his management techniques. Regardless, he continues to lead Meta into new ventures and challenges, shaping the future of technology.
Future Plans:
Looking ahead, Meta’s focus on the metaverse and its potential implications for society presents a significant opportunity for innovation and growth. Zuckerberg’s vision of creating immersive virtual environments where people can connect, learn, and create has the potential to change the way we interact with technology and each other. As Facebook continues to evolve, so will Zuckerberg’s impact on the tech industry and beyond.
In conclusion, Mark Zuckerberg’s influence on the tech industry is undeniable. From transforming social media and communication to shaping philanthropic efforts and pioneering new technologies like the metaverse, his impact extends far beyond Meta. His entrepreneurial spirit, innovative approach to technology, and both groundbreaking successes and controversial decisions have set new standards for internet businesses and their role in society.
Criticisms and Social Responsibility
Mark Zuckerberg’s journey from Harvard dorm room to Facebook CEO has not been without controversy. Critics have targeted various aspects of the company, including data privacy concerns and allegations of misuse of user information. One notable incident occurred in 2018 when the British political consulting firm Cambridge Analytica harvested personal data from millions of Facebook users without their consent.
In March of that year, reports emerged that Cambridge Analytica had acquired data on 50 million Facebook users through an app called “This Is Your Digital Life.” The company used this information to build psychological profiles for targeted political ads during the U.S. presidential elections in 2016. Initially, Facebook claimed only around 270,000 user profiles were affected; however, this number was later revised to 87 million when it became clear that data from users’ friends had also been harvested.
In April 2018, Mark Zuckerberg testified before the United States Congress regarding Facebook’s handling of user data in relation to Cambridge Analytica. During his testimony, he acknowledged the gravity of the situation and pledged to take action to prevent such incidents from happening again. Since then, Facebook has implemented several changes to its platform to better safeguard users’ information.
Another area of criticism against Facebook concerns social responsibility. The company has been accused of contributing to the spread of misinformation and fostering an environment conducive to extremist content. In response, Facebook has taken steps to improve its content moderation policies and algorithms. However, critics argue that these efforts are not enough to mitigate the negative impact of the platform on society as a whole.
Despite these controversies, Mark Zuckerberg’s net worth remains significant, with an estimated $68.2 billion as of June 10, 2022. As Facebook continues to evolve and expand—including its recent rebranding as Meta Platforms Inc.—it will be crucial for the company to address these criticisms and maintain a strong commitment to user privacy and social responsibility.
Mark Zuckerberg’s Leadership Style
Mark Zuckerberg, the co-founder, chair, and CEO of Meta Platforms Inc., formerly known as Facebook, has been a visionary leader who revolutionized the way we communicate and connect with each other. His leadership style, driven by his unwavering passion for innovation and relentless pursuit to bring people closer together, has shaped the company’s culture since its inception.
From humble beginnings in a Harvard dorm room to becoming a global phenomenon, Zuckerberg has been at the helm of Facebook through its growth from a social networking site into a technology powerhouse. With a net worth of over $68 billion and 2.93 billion monthly active users as of Q1 2022, Zuckerberg’s influence on the tech industry and society as a whole is undeniable.
Mark’s journey began with his early interest in programming, evident in his childhood creation of an instant-messaging application for his father’s office. This foundation of curiosity led him to drop out of Harvard to focus on Facebook, which was originally named FaceMash and later morphed into HarvardConnection.com. Despite challenges and controversies along the way – such as lawsuits alleging stolen intellectual property from HarvardConnection.com – Zuckerberg’s vision for connecting people remained steadfast.
Mark’s leadership style is characterized by his commitment to continuous innovation, transparency, and a focus on solving real-world problems. His entrepreneurial spirit drove the company through its early growth stages and has continued to fuel Meta’s expansion into various industries, including virtual reality (VR) with Oculus VR and augmented reality (AR) through Facebook Reality Labs.
One of Zuckerberg’s most notable accomplishments is Facebook’s initial public offering (IPO), which took place in May 2012. With a valuation of $38 billion, it was the largest technology IPO in history at that time. In the same year, Meta acquired Instagram and WhatsApp, expanding its reach and solidifying its position as a dominant force in the tech landscape.
Moreover, Zuckerberg’s philanthropic endeavors, primarily through the Chan Zuckerberg Initiative (CZI), demonstrate his commitment to addressing pressing issues such as personalized learning, curing diseases, and creating strong communities. The CZI has pledged to donate 99% of their Facebook shares – currently valued at over $45 billion – during their lifetime to support these causes.
However, Zuckerberg’s leadership style is not without controversy. Meta has faced numerous criticisms regarding its handling of user data and privacy concerns. In April 2018, the Cambridge Analytica scandal erupted, revealing that the personal information of up to 87 million users had been improperly shared with the political consulting firm. Zuckerberg was called to testify before Congress in response to these allegations, further highlighting the public’s growing concerns about privacy and data security on Meta platforms.
Despite these challenges, Mark Zuckerberg continues to lead Meta forward, focusing on innovation and growth opportunities. With plans for a pivot towards the metaverse and the integration of new technologies like AI and VR, the future of Meta remains promising under Zuckerberg’s guidance.
Future Plans for Meta (Facebook)
The future plans for Meta (formerly Facebook), under Mark Zuckerberg’s leadership, are aimed at pushing beyond its social media roots into a new era defined by the metaverse, virtual reality, and digital currencies. Meta Platforms Inc. announced on October 28, 2021, that it would rebrand itself as Meta to reflect its pivot towards building the “metaverse,” a shared, immersive online space where users can interact in three dimensions. The rebranding comes alongside the launch of Horizon Worlds, an initial version of Meta’s virtual reality platform, and the announcement of Horizon Venues for live events, as well as its plans to create a digital wallet named Novi.
The metaverse is envisioned as a place where users can work, play, and socialize in a shared 3D environment that incorporates elements from real life and virtual reality. Meta has been investing heavily in research and development related to the metaverse, including its acquisition of Oculus VR for $2 billion in 2014 and its purchase of Giphy, a platform for sharing animated images or “gifs,” earlier this year.
Meta’s interest in virtual currencies was first signaled by the launch of Diem (formerly known as Libra), an open-source digital currency project backed by Meta, PayPal, and other major companies. While Diem is still under development, it could potentially be used within the metaverse for transactions and purchases. Additionally, Meta has created its own digital wallet named Novi to facilitate these transactions.
Zuckerberg has stated that he envisions a future where people will work, play, and socialize in a virtual world, with the physical and virtual worlds gradually merging. This vision is reflected in Meta’s plans to build a metaverse where users can interact with each other in a shared, immersive environment. However, it remains to be seen how this vision will unfold and what challenges Meta may face along the way.
Meta’s plans for the future go beyond the realm of the metaverse. The company has also expressed its intention to expand into new areas such as AI, augmented reality (AR), and virtual assistants, as well as acquisitions and partnerships that complement these initiatives. For instance, Meta’s acquisition of Oculus VR in 2014 provided an early foothold in the growing market for virtual reality hardware.
In conclusion, Mark Zuckerberg and Meta (Facebook) are at a pivotal moment as they look to the future. The company’s plans for the metaverse, virtual currencies, and new technologies represent a significant shift from its social media origins, but also come with challenges and risks that will need to be addressed. As Meta continues to push into these new areas, it remains to be seen how successful the company will be and what impact this will have on the tech industry and society as a whole.
FAQ
1. Who is Mark Zuckerberg and what is his connection to Meta (Facebook)?
Mark Zuckerberg is a self-taught computer programmer and the founder, chair, and CEO of Meta Platforms Inc., formerly known as Facebook. Born in 1984, he founded the social networking site from his Harvard University dorm room in 2004 with Eduardo Saverin, Andrew McCollum, Chris Hughes, and Dustin Moskovitz. As of June 10, 2022, Zuckerberg’s net worth is reportedly around $68.2 billion.
2. Where was Facebook founded?
Facebook was founded in Mark Zuckerberg’s Harvard University dorm room in 2004.
3. What controversies has Facebook faced under Mark Zuckerberg’s leadership?
Facebook and its CEO have been involved in several controversies, including allegations of privacy violations, misuse of user data, and influencing elections. One notable incident involved the sharing of 87 million users’ information with Cambridge Analytica without their consent. In 2018, Zuckerberg testified before Congress about these issues.
4. How has Mark Zuckerberg given back through philanthropy?
Mark Zuckerberg and his wife, Priscilla Chan, have been active in philanthropy, creating the Chan Zuckerberg Initiative (CZI) with a mission to “build a long-term impact for social good.” CZI focuses on personalized learning, curing diseases, connecting communities, and advancing science.
5. What is Mark Zuckerberg’s leadership style?
Mark Zuckerberg has been described as a visionary leader who emphasizes innovation and growth. However, his leadership style has also faced criticism for its lack of transparency and regard for user privacy.
6. How does Meta Platforms (Facebook) generate revenue?
Meta Platforms (Facebook) generates most of its revenue from advertising on its platforms, including Facebook, Instagram, and WhatsApp. Users can pay to promote their pages or posts as well.
7. What is Mark Zuckerberg’s salary?
Mark Zuckerberg officially earns a $1 annual salary at Meta Platforms; however, most of his wealth comes from his ownership of Meta Platforms shares.
8. Who are some notable acquisitions by Meta Platforms (Facebook)?
Meta Platforms has acquired several companies to expand its services and capabilities, such as Instagram in 2012 for $1 billion and WhatsApp in 2014 for $19 billion. Other notable acquisitions include Oculus VR, Messenger Kids, and LiveRail.