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Meta Platforms

"Facebook, Inc." redirects here. For the social media service, see Facebook.
"Meta (company)" redirects here. For other companies of the same name, see Meta (disambiguation) § Businesses.

Meta Platforms, Inc.
Meta
Formerly
  • TheFacebook, Inc. (2004‍–‍2005)
  • Facebook, Inc. (2005–2021)
Company typePublic
Industry
FoundedJanuary 4, 2004 (2004-01-04) in Cambridge, Massachusetts, U.S.
Founders
Headquarters
Menlo Park, California
,
U.S.
Area served
Worldwide
Key people
Products
RevenueIncrease US$164.5 billion (2024)
Increase US$69.4 billion (2024)
Increase US$62.4 billion (2024)
Total assetsIncrease US$276.1 billion (2024)
Total equityIncrease US$182.6 billion (2024)
OwnerMark Zuckerberg (13.68% equity; 61.2% voting)[1]
Number of employees
74,067 (2024)
Divisions
ASN
Websitemeta.com
Footnotes / references
[2][3][4][5][6][7][8]

Meta Platforms, Inc. is an American multinational technology company headquartered in Menlo Park, California. Meta owns and operates several prominent social media platforms and communication services, including Facebook, Instagram, Threads, and WhatsApp. The company also operates an advertising network for its own sites and third parties; as of 2023, advertising accounted for 97.8 percent of its total revenue.[9]

The company was originally established in 2004 as TheFacebook, Inc.,[10] and was renamed Facebook, Inc. in 2005.[11] In 2021, it rebranded as Meta Platforms, Inc. to reflect a strategic shift toward developing the metaverse—an interconnected digital ecosystem spanning virtual and augmented reality technologies.[12][13][14][15]

Meta is considered one of the Big Five American technology companies, alongside Alphabet (Google), Amazon, Apple, and Microsoft. In 2023, it was ranked 31st on the Forbes Global 2000 list of the world's largest public companies.[16] As of 2022, it was the world's third-largest spender on research and development, with R&D expenses totaling US$35.3 billion.[17]

  1. ^ "Inline XBRL Viewer". Archived from the original on February 6, 2024. Retrieved February 6, 2024.
  2. ^ "Chris Cox is returning to Facebook as chief product officer". The Verge. June 11, 2020. Archived from the original on October 5, 2021. Retrieved June 11, 2020.
  3. ^ "Facebook is getting more serious about becoming your go-to for mobile payments". The Verge. August 11, 2020. Archived from the original on October 5, 2021. Retrieved August 11, 2020.
  4. ^ "Company Info". Facebook. Archived from the original on November 15, 2015. Retrieved November 7, 2018.
  5. ^ Shaban, Hamza (January 20, 2019). "Digital advertising to surpass print and TV for the first time, report says". The Washington Post. Archived from the original on February 9, 2021. Retrieved June 2, 2019.
  6. ^ "Facebook – Financials". investor.fb.com. Archived from the original on December 14, 2021. Retrieved January 30, 2020.
  7. ^ "Meta Platforms, Inc. 2024 Annual Report (Form 10-K)". U.S. Securities and Exchange Commission. January 30, 2025. Retrieved January 30, 2025.
  8. ^ Saul, Derek (February 1, 2024). "Meta Earnings: Zuckerberg's 'Year Of Efficiency' Nets Greatest Profits Ever". Forbes. Archived from the original on February 5, 2024. Retrieved February 5, 2024.
  9. ^ "Meta Reports Fourth Quarter and Full Year 2023 Results; Initiates Quarterly Dividend". Facebook Investor Relations. February 1, 2024. Archived from the original on February 2, 2024. Retrieved February 2, 2024.
  10. ^ Madrigal, Alexis C. (January 31, 2012). "Facebook's Very First SEC Filing". The Atlantic. Archived from the original on November 17, 2021. Retrieved November 3, 2021.
  11. ^ "Facebook Inc. Certificate of Incorporation" (PDF). September 1, 2020. Archived (PDF) from the original on September 23, 2021. Retrieved October 28, 2021.
  12. ^ Cite error: The named reference theverge20211019 was invoked but never defined (see the help page).
  13. ^ Cite error: The named reference meta-blog was invoked but never defined (see the help page).
  14. ^ Dwoskin, Elizabeth (October 28, 2021). "Facebook is changing its name to Meta as it focuses on the virtual world". The Washington Post. Archived from the original on October 28, 2021. Retrieved October 28, 2021.
  15. ^ "Facebook announces name change to Meta in rebranding effort". The Guardian. October 28, 2021. Archived from the original on October 28, 2021. Retrieved October 29, 2021.
  16. ^ "The Global 2000 2023". Forbes. Archived from the original on January 29, 2024. Retrieved February 7, 2024.
  17. ^ Irwin-Hunt, Alex (June 19, 2023). "Top 100 global innovation leaders". fDi Intelligence. Retrieved June 16, 2024.
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