Since its founding in 2004, Meta Platforms Inc (NASDAQ:FB), formerly known as Facebook, has acquired roughly 94 companies. The corporation employs a variety of intensive growth techniques, the most important of which is asset diversification.
This rigorous strategy aims to create new businesses while driving out or swallowing competitors. For example, in 2012, Facebook paid $1 billion for the photo-sharing app Instagram, which CEO Mark Zuckerberg later disclosed was posing a danger to the company's growth.
