Meta Platforms
American multinational technology conglomerate / From Wikipedia, the free encyclopedia
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Meta Platforms, Inc.,[10] doing business as Meta,[11] and formerly named Facebook, Inc., and TheFacebook, Inc.,[12][13] 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.[14] Meta ranks among the largest American information technology companies, alongside other Big Five corporations Alphabet (Google), Amazon, Apple, and Microsoft. The company was ranked #31 on the Forbes Global 2000 ranking in 2023.[15]
 Logo used since 2021 | |
 Headquarters in Menlo Park, California | |
| Meta | |
| Formerly |
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| Company type | Public |
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| Industry | |
| Founded | January 4, 2004; 20 years ago (2004-01-04) in Cambridge, Massachusetts, U.S. |
| Founders | |
| Headquarters | , U.S. |
Area served | Worldwide |
Key people |
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| Products | |
| Revenue |  US$134.9 billion (2023) |
| US$46.75 billion (2023) | |
| US$39.10 billion (2023) | |
| Total assets | US$229.6 billion (2023) |
| Total equity | US$153.2 billion (2023) |
| Owner | Mark Zuckerberg (13.68% equity; 61.2% voting)[1] |
Number of employees | 69,329 (Mar. 2024) |
| Divisions | Reality Labs |
| Subsidiaries | Novi Financial |
| ASN | |
| Website | about |
| Footnotes / references [2][3][4][5][6][7][8][9] | |
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 smartglasses.[16][17] Despite endeavors into hardware, the company relies on advertising for a vast majority of its revenue, amounting to 97.8 percent in 2023.[18]
Parent company Facebook, Inc. rebranded as Meta Platforms, Inc. on October 28, 2021, to "reflect its focus on building the metaverse",[19] an integrated environment linking the company's products and services.[20][21][22]