Facebook (NASDAQ: FB) is one of the best social media firm. Facebook has 2.5 billion monthly active users and owns WhatsApp, Instagram and Facebook platforms which are the three most popular social media platforms in the world. From 2010 to 2019, Facebook, Facebook Messenger, What’s App and Instagram are the four most downloaded apps in the world. The largest social media firm in the world continues to grow larger in active users, more advertising revenues, and earnings every year. Recently, the company is gradually moving into virtual reality and continue to grow in that segment. Even in tough times, Facebook is highly profitable. It generated net income of $17.9 billion through the first three quarters of 2020 on revenue of $57.9 billion. It has nearly $56 billion in cash and short-term equivalents, $6.3 billion in equity investments and zero debt at the end of September 2020. In summary, Facebook is one of the largest social media company in the world that investors should buy and own for long term.