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Meta Platforms

"Facebook (company)" redirects here. For the social media platform, see Facebook. For other uses, see Meta (disambiguation).

Meta Platforms, Inc.
Meta
Formerly
  • TheFacebook, Inc. (2004)[1][2]
  • Facebook, Inc. (2005–2021)
TypePublic
Industry
FoundedJanuary 4, 2004 (2004-01-04) in Cambridge, Massachusetts, U.S.
Founders
Headquarters1 Hacker Way,
Menlo Park, California
,
U.S.
Area served
Worldwide
Key people
ProductsFacebook
Instagram
Messenger
WhatsApp
Meta Quest
Horizon Worlds
Mapillary
Workplace
Portal (discontinued)
Diem (acquired)
RevenueIncrease US$117.929 billion (2021)[3]
Increase US$46.753 billion (2021)[3]
Increase US$39.370 billion (2021)[3]
Total assetsIncrease US$165.987 billion (2021)[3]
Total equityDecrease US$124.879 billion (2021)[3]
OwnerMark Zuckerberg (controlling shareholder)
Number of employees
c. 76,000 (Nov. 2022)
DivisionsReality Labs
SubsidiariesNovi Financial
Websiteabout.meta.com
Footnotes / references
[4][5][6][7][8][9][10][11][12][13]

Meta Platforms, Inc.,[14][15] doing business as Meta[16] and formerly named Facebook, Inc., and TheFacebook, Inc.,[17] is an American multinational technology conglomerate based in Menlo Park, California. The company owns Facebook, Instagram, and WhatsApp, among other products and services.[18] Meta was once one of the world's most valuable companies, but as of 2022 is not one of the top twenty biggest companies in the United States.[19] It is considered one of the Big Five American information technology companies, alongside Alphabet (Google), Amazon, Apple, and Microsoft. As of 2022, it is the least profitable of the five.[19]

Meta's products and services include Facebook, Messenger, Facebook Watch, and Meta Portal. It has also acquired Oculus, Giphy, Mapillary, Kustomer, Presize[20] and has a 9.99% stake in Jio Platforms.[21] In 2021, the company generated 97.5% of its revenue from the sale of advertising.[22]

In October 2021, the parent company of Facebook changed its name from Facebook, Inc., to Meta Platforms, Inc., to "reflect its focus on building the metaverse".[23] According to Meta, the "metaverse" refers to the integrated environment that links all of the company's products and services.[24][25][26]

  1. ^ 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.
  2. ^ Zuckerberg, Mark (October 1, 2010). "Eleventh Amended and Restated Certificate of Incorporation of Facebook, Inc". Washington, D.C.: U.S. Securities and Exchange Commission. Archived from the original on May 6, 2021. Retrieved November 3, 2021.
  3. ^ a b c d e "Meta Platforms, Inc. Fourth Quarter and Full Year 2021 Results Report" (PDF). s21.q4cdn.com. December 31, 2021. Archived (PDF) from the original on February 3, 2022. Retrieved February 3, 2022.
  4. ^ "Meta announces huge job cuts affecting 11,000 employees". The Verge. November 9, 2022. Retrieved November 9, 2022.
  5. ^ "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.
  6. ^ "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.
  7. ^ "Our History". Facebook. Archived from the original on November 15, 2015. Retrieved November 7, 2018.
  8. ^ 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.
  9. ^ "FB Income Statement". NASDAQ.com. Archived from the original on August 22, 2019. Retrieved November 24, 2019.
  10. ^ "FB Balance Sheet". NASDAQ.com. Archived from the original on May 12, 2019. Retrieved November 24, 2019.
  11. ^ "Stats". Facebook. June 30, 2019. Archived from the original on November 15, 2015. Retrieved July 25, 2019.
  12. ^ "Facebook – Financials". investor.fb.com. Archived from the original on December 14, 2021. Retrieved January 30, 2020.
  13. ^ "Facebook Reports First Quarter 2022 Results". Facebook Investor Relations. March 31, 2022. Retrieved April 27, 2022.
  14. ^ "Delaware Corporate Entity Search". Archived from the original on September 21, 2015. Retrieved October 28, 2021. (file no. 3835815)
  15. ^ 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.
  16. ^ Haq, Sana Noor (October 30, 2021). "Hebrew speakers mock Facebook's corporate rebrand to Meta". CNN. Archived from the original on October 30, 2021. Retrieved October 30, 2021.
  17. ^ "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
  18. ^ "Facebook Reports Second Quarter 2021 Results". investor.fb.com. Archived from the original on August 12, 2021. Retrieved August 12, 2021.
  19. ^ a b Levy, Ari. "Facebook used to be a Big Tech giant — now Meta isn't even in the top 20 most valuable U.S. companies". CNBC. Retrieved November 21, 2022.
  20. ^ Hüfner, Daniel (April 13, 2022). "Facebook kauft "Höhle der Löwen"-Startup Presize". Business Insider (in German). Retrieved April 13, 2022.
  21. ^ "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.
  22. ^ Meta Platforms, Inc. (February 2, 2022). "Meta Reports Fourth Quarter and Full Year 2021 Results" (PDF). Meta Investor Relations. Archived (PDF) from the original on February 3, 2022. Retrieved March 8, 2022.
  23. ^ 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.
  24. ^ "The Facebook Company Is Now Meta". Meta. October 28, 2021. Retrieved March 28, 2022.
  25. ^ 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.
  26. ^ "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.
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