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 is one of the world's most valuable companies and among the ten largest publicly traded corporations in the United States.[19] It is considered one of the Big Five American information technology companies, alongside Alphabet (Google), Amazon, Apple, and Microsoft.
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 Meta's main headquarters in Menlo Park, California | |
| Meta | |
| Formerly | |
| Type | Public |
| |
| Industry | |
| Founded | January 4, 2004 in Cambridge, Massachusetts, U.S. |
| Founders | |
| Headquarters | 1 Hacker Way, , U.S. |
Area served | Worldwide |
Key people | |
| Products | Facebook Messenger Meta Quest Horizon Worlds Mapillary Workplace 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) |
| Owner | Mark Zuckerberg (controlling shareholder) |
Number of employees | 86,482 (Dec. 2022) |
| Divisions | Reality Labs |
| Subsidiaries | Novi Financial |
| Website | meta |
| Footnotes / references [3][4][5][6][7][8][9][10][11][12][13] | |
Meta's products and services include Facebook, Instagram, WhatsApp, Messenger, and Meta Quest. It has acquired Oculus, Mapillary, CTRL-Labs, Kustomer, and has a 9.99% stake in Jio Platforms.[20] In 2021, the company generated 97.5% of its revenue from the sale of advertising.[21]
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".[22] According to Meta, the "metaverse" refers to the integrated environment that links all of the company's products and services.[23][24][25]