Facebook voted "world's most innovative company"

The social networking site, Facebook, is on the top of the "50 most innovative companies of the worl

Last year, it had stood at number 15 in the annual list.

"Somewhere along the road to becoming the platform of choice for 400 million users in every country on earth, the company grew up," said the magazine. Microblogging site, Twitter has occupied the number 50 spot.

Search engine company Google stood second last year, but finished fourth this year, while computer maker Apple stood third.