Advancements in internet access, computer processing power, data storage capacity, and other technological developments around the world have helped fuel rapid growth in Silicon Valley and in companies across the U.S. tech sector.
To determine the fastest growing companies, 24/7 Wall St. reviewed the most recent three-year annual revenue changes of S&P 500 companies. Facebook grew the most of any company, from $5.09 billion in revenue in fiscal 2012 to $17.93 billion in fiscal 2015. Based on its 252.3% revenue growth in the last three years, Facebook is America’s fastest growing company.
Facebook earns a majority of its revenue through advertising. The major driver of revenue growth in recent years has been mobile...