Meta Platforms

"Facebook, Inc." redirects here. For the social media, see Facebook.
"Meta (company)" redirects here. For other companies of the same name, see Meta (disambiguation) § Businesses.

Meta Platforms, Inc.
Meta
Formerly
  • TheFacebook, Inc. (2004–2005)
  • Facebook, Inc. (2005–2021)
Company typePublic
Industry
FoundedJanuary 4, 2004; 20 years ago (2004-01-04) in Cambridge, Massachusetts, U.S.
Founders
Headquarters
Menlo Park, California
,
U.S.
Area served
Worldwide
Key people
Products
RevenueIncrease US$134.9 billion (2023)
Increase US$46.75 billion (2023)
Increase US$39.10 billion (2023)
Total assetsIncrease US$229.6 billion (2023)
Total equityIncrease US$153.2 billion (2023)
OwnerMark Zuckerberg (13.68% equity; 61.2% voting)[1]
Number of employees
70,799 (June 2024)
DivisionsReality Labs
SubsidiariesNovi Financial
ASN
Websitemeta.com
Footnotes / references
[2][3][4][5][6][7][8][9]

Meta Platforms, Inc.,[10] doing business as Meta,[11] and formerly named Facebook, Inc., and TheFacebook, Inc.,[12][13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services.[14] Advertising accounts for 97.8 percent of its revenue.[a][15] Originally known as the parent company of the Facebook service, as Facebook, Inc., it was rebranded to its current name in 2021 to "reflect its focus on building the metaverse",[16] an integrated environment linking the company's products and services.[17][18][19]

Meta ranks among the largest American information technology companies, alongside other Big Five corporations Alphabet (Google), Amazon, Apple, and Microsoft. The company was ranked #31 on the Forbes Global 2000 ranking in 2023.[20] In 2022, Meta was the company with the third-highest expenditure on research and development worldwide, with R&D expenditure amounting to US$35.3 billion.[21] Meta has also acquired Oculus (which it has integrated into Reality Labs), Mapillary, CTRL-Labs, and a 9.99% stake in Jio Platforms; the company additionally endeavored into non-VR hardware, such as the discontinued Meta Portal smart displays line and partners with Luxottica through the Ray-Ban Stories series of smartglasses.[22][23]

  1. ^ "Inline XBRL Viewer". Archived from the original on February 6, 2024. Retrieved February 6, 2024.
  2. ^ "Chris Cox is returning to Facebook as chief product officer". The Verge. June 11, 2020. Archived from the original on October 5, 2021. Retrieved June 11, 2020.
  3. ^ "Facebook is getting more serious about becoming your go-to for mobile payments". The Verge. August 11, 2020. Archived from the original on October 5, 2021. Retrieved August 11, 2020.
  4. ^ "Our History". Facebook. Archived from the original on November 15, 2015. Retrieved November 7, 2018.
  5. ^ Shaban, Hamza (January 20, 2019). "Digital advertising to surpass print and TV for the first time, report says". The Washington Post. Archived from the original on February 9, 2021. Retrieved June 2, 2019.
  6. ^ "Stats". Facebook. June 30, 2019. Archived from the original on November 15, 2015. Retrieved July 25, 2019.
  7. ^ "Facebook – Financials". investor.fb.com. Archived from the original on December 14, 2021. Retrieved January 30, 2020.
  8. ^ "Meta Platforms, Inc. 2023 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 2, 2024. Archived from the original on February 3, 2024. Retrieved February 3, 2024.
  9. ^ Saul, Derek (February 1, 2024). "Meta Earnings: Zuckerberg's 'Year Of Efficiency' Nets Greatest Profits Ever". Forbes. Archived from the original on February 5, 2024. Retrieved February 5, 2024.
  10. ^ Meta Platforms, Inc. (October 28, 2021). "Current Report (8-K)". Securities and Exchange Commission. Archived from the original on October 29, 2021. Retrieved October 29, 2021.
  11. ^ Rana, S. S.; Kalra, Co-Arpit; Sinha, Shilpi (March 17, 2022). "Facebook - Brand Rights Protection". Lexology. Archived from the original on July 14, 2023. Retrieved July 14, 2023.
  12. ^ "Facebook Inc. Certificate of Incorporation" (PDF). September 1, 2020. Archived (PDF) from the original on September 23, 2021. Retrieved October 28, 2021. File Number 3835815
  13. ^ Madrigal, Alexis C. (January 31, 2012). "Facebook's Very First SEC Filing". The Atlantic. Washington, D.C. Archived from the original on November 17, 2021. Retrieved November 3, 2021.
  14. ^ "Facebook Reports Second Quarter 2021 Results". investor.fb.com. Archived from the original on August 12, 2021. Retrieved August 12, 2021.
  15. ^ "Meta Reports Fourth Quarter and Full Year 2023 Results; Initiates Quarterly Dividend". Facebook Investor Relations. February 1, 2024. Archived from the original on February 2, 2024. Retrieved February 2, 2024.
  16. ^ Heath, Alex (October 19, 2021). "Facebook is planning to rebrand the company with a new name". The Verge. Archived from the original on October 20, 2021. Retrieved October 20, 2021.
  17. ^ "The Facebook Company Is Now Meta". Meta. October 28, 2021. Archived from the original on December 24, 2021. Retrieved March 28, 2022.
  18. ^ Dwoskin, Elizabeth (October 28, 2021). "Facebook is changing its name to Meta as it focuses on the virtual world". The Washington Post. Archived from the original on October 28, 2021. Retrieved October 28, 2021.
  19. ^ "Facebook announces name change to Meta in rebranding effort". The Guardian. October 28, 2021. Archived from the original on October 28, 2021. Retrieved October 29, 2021.
  20. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  21. ^ Irwin-Hunt, Alex. "Top 100 global innovation leaders". fDi Intelligence. Retrieved June 16, 2024.
  22. ^ "Facebook Invests $5.7 Billion in Indian Internet Giant Jio". The New York Times. April 22, 2020. Archived from the original on February 9, 2021. Retrieved April 22, 2020.
  23. ^ Heath, Alex (March 1, 2023). "This is Meta's AR / VR hardware roadmap for the next four years". The Verge. Archived from the original on July 5, 2023. Retrieved July 6, 2023.


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