Additionally, based on a Visual Capitalist report, Facebook ranks sixth on an exclusive group of trillion-dollar companies. Though it dipped in and out of the club in July 2021, as of August 2021, it was firmly footed with a $1.01 trillion valuation.
Facebook’s Profit Grew by 101% to $10.4 Billion in Q2 2021
The Economist ranks Zuckerberg fourth among CEOs who have created the highest shareholder value. Apple CEO Tim Cook tops the list with an increase of $2.101 trillion in market cap during his 10-year tenure. That translates to an average of $210.3 billion every year.
Satya Nadella ranks second, having led Microsoft to an increase of $1.986 trillion over 7.5 years. That translates to $263.3 billion every year, a higher growth rate than that of Apple.
Only six publicly traded firms in history, Facebook included, have hit a market capitalization of $1 trillion or more. Facebook is the youngest company ever to achieve this valuation milestone. Top on the list is Apple, which is 45 years old and has a valuation of $2.48 trillion. The 46-year-old Microsoft is second with $2.20 trillion and Saudi Aramco is third with $1.88 trillion at 88 years.
In Q2 2021, Facebook reported revenue growth at 56%, hitting $28.6 billion. Profit during the period grew by an impressive 101%, reaching $10.4 billion. The ad spend on Instagram and Facebook shot up by 50% globally despite a 12.4% decline in Facebook ad reach.
The full story, statistics and information can be found here: https://www.wette.de/facebooks-market-cap-grew-by-101-billion-average-per-year-over-the-past-nine-years/