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Meta Platforms

American multinational technology corporation / From Wikipedia, the free encyclopedia

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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]

Quick facts: Trade name, Formerly, Type, Traded as, Indust...
Meta Platforms, Inc.
  • TheFacebook, Inc. (2004)[1][2]
  • Facebook, Inc. (2005–2021)
FoundedJanuary 4, 2004; 19 years ago (2004-01-04) in Cambridge, Massachusetts, U.S.
Headquarters1 Hacker Way, ,
Area served
Key people
Meta Quest
Horizon Worlds
Portal (discontinued)
Diem (acquired)
Revenue US$116.61 billion (2022)
US$28.94 billion (2022)
US$23.20 billion (2022)
Total assets US$185.73 billion (2022)
Total equity US$125.71 billion (2022)
OwnerMark Zuckerberg (controlling shareholder)
Number of employees
c.76,000 (Nov. 2022)
DivisionsReality Labs
SubsidiariesNovi Financial
Footnotes / references

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]