Steve Sorensen On Facebook’s Net Worth

18 May

Steve Sorensen On Facebook’s Net Worth

Critics of Mark Zuckerberg must be throwing everything they got at his social networking firm in hopes something will eventually stick. However, these critics never really stood a chance, a view shared by net worth blogger Steve Sorensen. Net worth of Facebook? It’s now at $33 billion, more than half of Apple’s $56 billion. Facebook also notably galloped its way to the No. 157 spot in the Fortune 500 list, surpassing 325 other companies since it entered the list in 2013. Last year, it was only at the No. 242 spot, which gives one reason to believe it could finally be in the Top 100 next year.

Image Source: digitiser2000.com

Based on the methodology of Fortune Magazine, Facebook posted $17,928 million in revenues, a staggering 43% growth from the previous year. Facebook’s profits also climbed 25% to $3,688 million, assets of $49,407 million, and lists over 12,600 employees. So far, the Internet services firm has had huge wins with its messaging app WhatsApp, reality headset Oculus Rift, and photo sharing platform Instagram. WhatsApp reportedly has over a billion monthly users, with the average user sending over a thousand messages every month.

 

Meanwhile, Oculus Rift continues to expand its list of gaming content, with titles like Project CARS, Elite: Dangerous, Euro Truck Simulator 2, and Dirt Rally. More than twenty games are also reportedly in the pipeline, which could boost sales. On the other hand, Instagram remains the photo sharing app of choice of celebrities and the general public. Instagram reportedly has over 500 million active users and has shared more than 40 billion photos shared to date.

Image Source: nyt.com

For its part, Facebook is fast closing in on another milestone – reaching 2 billion monthly active users; that’s a hundred percent increase since it recorded a billion users’ activity three short years ago. While investors may still have nightmares over Facebook’s disappointing IPO, critics only have themselves to blame for missing another unicorn stock. Now Facebook is trading around the $150/share range.

 

Is Facebook overpriced and overvalued? Investors can get in touch with Steve Sorensen. As a net worth blogger, he is well-versed with the nuances of reading a net worth statement. For the record, Steve Sorensen, at one point in his life, owned several hundred shares of Facebook but all investors need to know is that Mark Zuckerberg will remain a thought leader and innovation powerhouse in the years to come.

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