Facebook Research and Development Expenses
Research and Development Costs of Meta 2010-2021
Amounts are in millions.
| Year | R&D Expenses (Mn) |
|---|---|
| 2021 | $24,655 |
| 2020 | $18,447 |
| 2019 | $13,600 |
| 2018 | $10,273 |
| 2017 | $ 7,754 |
| 2016 | $ 5,919 |
| 2015 | $ 4,816 |
| 2014 | $ 2,666 |
| 2013 | $ 1,415 |
| 2012 | $ 1,399 |
| 2011 | $ 388 |
| 2010 | $ 144 |
2021: Meta Inc's research and development costs grew to $24,655 million in 2021 compared to $18,447 million in 2020.
The research and development expenses of Facebook grew to $13.6 billion in 2019 from $10.3 billion in 2018.
About Facebook:
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 aslo 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.