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Meta Platforms

"Facebook, Inc." redirects here. For the social media, see Facebook.

Meta Platforms, Inc.
Formerly
  • TheFacebook, Inc. (2004–2005)[1][2]
  • Facebook, Inc. (2005–2021)
TypePublic
Industry
FoundedJanuary 4, 2004 (2004-01-04) in Cambridge, Massachusetts, U.S.
Founders
Headquarters1601 Willow Road,
Menlo Park, California 94025
,
U.S.
Area served
Worldwide
Key people
Products
RevenueDecrease US$116.61 billion (2022)
Decrease US$28.94 billion (2022)
Decrease US$23.20 billion (2022)
Total assetsIncrease US$185.73 billion (2022)
Total equityIncrease US$125.71 billion (2022)
OwnerMark Zuckerberg (14%)
Number of employees
66,185 (Sept. 2023)
DivisionsReality Labs
SubsidiariesNovi Financial
ASN
  • 32934
Websitemeta.com
Footnotes / references
[3][4][5][6][7][8][9][10][11][12][13][14]

Meta Platforms, Inc.,[15][16] doing business as Meta,[17][18] and formerly named Facebook, Inc., and TheFacebook, Inc.,[19] 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.[20] Meta is one of the world's most valuable companies and among the ten largest publicly traded corporations in the United States.[21] It is considered one of the Big Five American information technology companies, alongside Google's parent company Alphabet, Amazon, Apple, and Microsoft.

In addition to Facebook, Instagram, Threads and WhatsApp, 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 presently partners with Luxottica through the Ray-Ban Stories series of smart glasses.[22][23] Despite endeavors into hardware, the company still relies on advertising for a vast majority of its revenue, which in 2022 made up 97.5 percent of its revenue.[12]

On October 28, 2021, the parent company of Facebook changed its name from Facebook, Inc., to Meta Platforms, Inc., to "reflect its focus on building the metaverse".[24] According to Meta, the term "metaverse" refers to the integrated environment that links all of the company's products and services.[25][26][27]

  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. ^ "Meta announces huge job cuts affecting 11,000 employees". The Verge. November 9, 2022. Retrieved November 9, 2022.
  4. ^ "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.
  5. ^ "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.
  6. ^ "Our History". Facebook. Archived from the original on November 15, 2015. Retrieved November 7, 2018.
  7. ^ 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.
  8. ^ "FB Income Statement". NASDAQ.com. Archived from the original on August 22, 2019. Retrieved November 24, 2019.
  9. ^ "FB Balance Sheet". NASDAQ.com. Archived from the original on May 12, 2019. Retrieved November 24, 2019.
  10. ^ "Stats". Facebook. June 30, 2019. Archived from the original on November 15, 2015. Retrieved July 25, 2019.
  11. ^ "Facebook – Financials". investor.fb.com. Archived from the original on December 14, 2021. Retrieved January 30, 2020.
  12. ^ a b "Meta Reports Fourth Quarter and Full Year 2022 Results". Facebook Investor Relations. February 1, 2023. Retrieved March 15, 2023.
  13. ^ "Meta Platforms, Inc. 2022 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. February 2, 2023.
  14. ^ "Statement of acquisition of beneficial ownership by individuals (Schedule 13G)". U.S. Securities and Exchange Commission. February 14, 2023.
  15. ^ "Delaware Corporate Entity Search". Archived from the original on September 21, 2015. Retrieved October 28, 2021. (file no. 3835815)
  16. ^ 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.
  17. ^ Rana, S. S.; Kalra, Co-Arpit; Sinha, Shilpi (March 17, 2022). "Facebook - Brand Rights Protection". Lexology. Retrieved July 14, 2023.
  18. ^ N, Sangeetha (November 23, 2022). "How Do I Pin A Post On Facebook? What Is The Meaning Of Pinning A Post On Facebook? - News". Fresherslive. Retrieved July 14, 2023.
  19. ^ "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
  20. ^ "Facebook Reports Second Quarter 2021 Results". investor.fb.com. Archived from the original on August 12, 2021. Retrieved August 12, 2021.
  21. ^ "Largest American companies by market capitalization". companiesmarketcap.com. Retrieved February 13, 2023.
  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. Retrieved July 6, 2023.
  24. ^ 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.
  25. ^ "The Facebook Company Is Now Meta". Meta. October 28, 2021. Retrieved March 28, 2022.
  26. ^ 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.
  27. ^ "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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