It’s not an unusual thing for big corporations to buy other companies as the giants in the web world are usually owners of other smaller companies. There are many examples which we are going to present today in this article about who owns who in the modern business world.
The American based company Google specializes in Internet related services and products, and was founded in 1998 by Larry Page and Sergey Brin. They have a great content policy which plays a big role in creating a good atmosphere as users can start conversations, share experiences, form new communities. Google owns several companies including the High Tech Computer corporation HTC, the video sharing website Youtube, the blog publishing service Blogger, etc.
According to Forrester Research, the travel bookings are the single largest component of ecommerce with companies such as Expedia having a revenue of $8.7 billion. Founded in 1996, Expedia Inc.’s policy is to acquire other companies and they did so by buying the travel fare aggregator websites and metasearch engines Travelocity.com and Orbitz.com; the website for booking hotel rooms Hotels.com which has 85 websites in 34 languages; the German company Trivago which specializes in internet related services and products in the hotel, lodging and metasearch fields, etc.
Facebook is an online social media and networking service which was launched in 2004. It was created by Mark Zuckerberg, with fellow students and roommates, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. It was supposed to be a local website, but it expanded quickly to other places.
With a revenue of $40 billion, Facebook is the owner of Messenger – an instant messaging service application with 1.2 billion users as of April 2017, Jibbigo – a mobile offline language translation application created by Mobile Technologies and Dr. Alex Waibel, Instagram – a photo sharing application and service created by Kevin Systrom and Mike Krieger launched in October 2010, Atlas Solutions – an online advertising company acquired from Microsoft in 2013, etc.
The American multinational technology company Apple Inc. specializes in designing, developing and selling consumer electronics, computer software, and online services. It was founded in 1976 by Steve Jobs, Steve Wozniak, and Ronald Wayne. With 499 retail stores and 123,000 employees, Apple has a revenue of $229 billion. It has many subsidiaries including Shazam Entertainment Ltd. which was created in 1999. It is a British company that created the application that can identify music, movies, TV shows, etc. Beats Electronics, which was formerly known as Beats by Dr. Dre, is another company acquired by Apple in 2014.
This fashion of larger companies buying the small ones is only going to continue and we can conclude the article with the quote by David Mitchell: “The weak are meat the strong do eat”.
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