Company
Meta
Official Name: Meta Platforms, Inc.
Headquarters: Menlo Park, CA, United States
Founded: January 4, 2004
Employees: 71,970
CEO: Mr. Mark Elliot Zuckerberg
Market Cap
$1.607 Trillion
USD as of Jan. 1, 2025
Company Description
Facebook, Inc. is an online social media and social networking service. Originally limited to students, Facebook has gradually opened its services to anyone above 13 years old, reaching now more than 2 billion across the world. It can be accessed through any device connected to the internet and allows users to customize profiles, post text, photos, and multimedia which is shared with their friends on Facebook. They can also join interest groups, receive messages and notifications, and use various other embedded applications.
Top Competitors by Market Capitalization
Industry: Internet Content & Information
| Company | Market Cap (USD) |
|---|---|
| Alphabet | $2.432 T |
| Tencent | $448.89 B |
| Spotify Technology SA | $101.34 B |
| Prosus | $86.69 B |
| Airbnb, Inc. | $83.24 B |
Sector:
| Company | Market Cap (USD) |
|---|---|
| Alphabet | $2.432 T |
| Tencent | $448.89 B |
| Netflix | $420.99 B |
| T-Mobile US | $250.71 B |
| China Mobile | $212.12 B |
Detailed Description
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising virtual reality hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
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Financials
| Last Financial Reports Date | Sept. 30, 2024 |
| Revenue TTM | $156.23 B |
| EBITDA | $79.09 B |
| Gross Profit TTM | $127.33 B |
| Profit Margin | 35.55% |
| Operating Margin | 42.77% |
| Quarterly Revenue Growth | 18.90% |
Stocks & Indices
Meta Platforms, Inc. has the following listings and related stock indices.
Stock: NASDAQ: META wb_incandescent
Stock: BCBA: FB wb_incandescent
Stock: BMV: FB wb_incandescent
Stock: Bovespa: FBOK34 wb_incandescent
Stock: BVS: FB wb_incandescent
Stock: FSX: FB2A wb_incandescent
Stock: MTA: FB wb_incandescent
Key People
Founder(s): Mark Zuckerberg Eduardo Saverin Andrew Mc Collum Dustin Moskovitz Chris Hughes
Mark Zuckerberg (CEO) Sheryl Sandberg (COO) Nick Clegg (President, Global Affairs) David Wehner (CFO) Mike Schroepfer (CTO) Chris Cox (CPO)