Meta Platforms (Facebook)
Meta Platforms, Inc., formerly known as Facebook, Inc. and TheFacebook, Inc., is an American multinational technology conglomerate in Menlo Park, California. It is one of the world’s most valuable businesses and is among the top ten biggest publicly traded American companies. Meta, along with Alphabet (Google), Amazon, Apple, and Microsoft, is one of the Big Five American technology firms.
Meta’s products include Facebook, Instagram, WhatsApp, Messenger, and Meta Quest. The business has also invested in Jio Platforms, Oculus, Mapillary, CTRL-Labs, Kustomer, and Oculus. Advertising accounted for 97.5% of their revenue in 2021. On October 28, 2021, the company changed its name from Facebook, Inc. to Meta Platforms, Inc. to reflect its focus on the metaverse, an integrated environment connecting all its goods and services.
In 2020, Facebook ranked 34th on the Fortune 500 list of the largest American corporations, with nearly $86 billion revenue, mainly from advertising. A 2017 analysis showed that the company generated US$20.21 per user from advertising. Recently, Meta has suffered a $500 billion loss since rebranding due to the new privacy measures implemented by Apple and Google, preventing them from gathering user data.
Founded: 2004
Headquarters: Menlo Park, California
Website: https://meta.com
