A Comparison of the R&D Expenses of Facebook and Google
|Year||Facebook R&D Expenses (Mn)||Google R&D Expenses|
The leading tech businesses invest a heavy sum each year in research and development. Whether it is Apple, Google, Microsoft or Facebook, each company spends a fortune each year on research and development to improve its existing product range or to bring new services to the market.
Facebook is the leading social media brand. However, in recent years, YouTube has grown its user base faster to scale past Facebook.
Facebook invests a large sum each year in R&D. Its investment in research and development has continued to grow year over year very fast. In 2019, the company spent $13.6 billion on research and development which was around 32% higher than previous year. In 2018, the company had spent $10.3 billion on research and development. Google on the other hand spent nearly double what Facebook did on research and development. Its R&D expenditure in 2019 was $26 billion which was around 21.5% higher than the previous year. In 2018, Google had spent $21.42 billion on research and development.
The tech industry has experienced a lot of growth and expansion in recent years and the tech giants are making heavy investments in research and development to improve their products and grow their customer bases.