Research and Development Costs of Facebook 2010-2019
Amounts are in millions.
|Year||R&D Expenses (Mn)|
In the first half of 2020, the company spent around $7.3 billion on research and development.
The research and development expenses of Facebook grew to $13.6 billion in 2019 from $10.3 billion in 2018.
Facebook is one of the leading social media platforms with an active user base that runs in billions. The company was incorporated in Delaware in July, 2004. It has its headquarters at Menlo Park, California. Apart from Facebook, the company also owns Messenger, Instagram, Whatsapp, and Oculus. Substantially all of facebook’s revenue comes from advertising. The social media platform of Facebook provides attractive features for building communities and connecting with others as well as advertising and promotions.