Meta Platforms (Facebook)
The American multinational technology conglomerate Meta Platforms, Inc., doing business as Meta and formerly known as Facebook, Inc. and TheFacebook, Inc., is headquartered in Menlo Park, California. The business, among other things, is the owner of Facebook, Instagram, and WhatsApp. One of the most valuable businesses in the world, Meta is also one of the top ten biggest American publicly traded companies. Along with Alphabet (Google), Amazon, Apple, and Microsoft, it is regarded as one of the Big Five American technology firms.
Facebook, Instagram, WhatsApp, Messenger, and Meta Quest are among Meta's offerings. It owns a 9.99% stake in Jio Platforms and has purchased Oculus, Mapillary, CTRL-Labs, Kustomer, and Oculus. The business sold advertising to bring in 97.5% of its revenue in 2021.
In order to "reflect its focus on building the metaverse," the parent company of Facebook changed its name from Facebook, Inc. to Meta Platforms, Inc. on October 28, 2021. The integrated environment that connects all of the company's goods and services is referred to by Meta as the "metaverse."
With nearly $86 billion in revenue, Facebook placed 34th on the 2020 Fortune 500 list of the largest corporations in the United States. The majority originates from advertising. According to one analysis of 2017 statistics, the business earned US$20.21 per user from advertising. According to New York, Meta has allegedly lost $500 billion since its rebranding as a result of new privacy measures implemented by companies such as Apple and Google, which prevent Meta from gathering user data.
Founded: 2004
Headquarter: Menlo Park, California, U.S.
Website: https://meta.com
