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

show_chart NASDAQ: FB

Market Cap

$617.50 Billion

USD as of April 1, 2022

history Market Cap History

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.

Meta market capitalization evolution

Evolution of Meta Platforms, Inc. market cap in the past 5 years

Market capitalizations are calculated from the opening stock price at the beginning of each month.

history Market Cap History of Meta Platforms, Inc.

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.

Wikipedia Introduction

Meta Platforms, Inc., doing business as Meta and formerly known as Facebook, Inc., and Facebook.com Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company is the parent organization of Facebook, Instagram, and WhatsApp, among other subsidiaries. Meta is one of the world's most valuable companies. It is one of the Big Five American information technology companies, alongside Google, Amazon, Apple, and Microsoft. Meta products and services include Facebook, Messenger, Facebook Watch, and Facebook Portal. It has also acquired Oculus, Giphy, Mapillary, Kustomer, and has a 9.99% stake in Jio Platforms. In 2021, the company generated 97.5% of its revenue from the sale of advertisement placements to marketers. In October 2021, media outlets reported that the parent company of Facebook planned to change its name to "reflect its focus on building the metaverse".[buzzword] According to Meta the "metaverse" refers to the integrated environment that links all of the company's products and services. It was rebranded as Meta later that month on October 28.

Source: Wikipedia, retrieved on March 31, 2022, 9:01 p.m.

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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)

Financials

Revenue: US$117.929 Billion (Fiscal Year Ended December 31, 2021)

Operating income: US$46.753 Billion (Fiscal Year Ended December 31, 2021)

Net income: US$39.370 Billion (Fiscal Year Ended December 31, 2021)


Total assets: US$165.987 Billion (Fiscal Year Ended December 31, 2021)

Total equity: US$124.879 Billion (Fiscal Year Ended December 31, 2021)

Stocks & Indices

Meta Platforms, Inc. has the following listings and related stock indices.


Stock: NASDAQ: FB

Stock: BCBA: FB

Stock: BMV: FB

Stock: Bovespa: FBOK34

Stock: BVS: FB

Stock: FSX: FB2A

Stock: MTA: FB

Details

Headquarters:

1601 Willow Road

Menlo Park, CA 94025

United States

Phone: 650-543-4800