Meta Platforms Inc. (NASDAQ: META)
Internet Content & Information · Menlo Park, CA, United States · Founded 2004
- Market capitalization: $1500.0 billion
- Annual revenue: $40.65 billion
- Net income: $60.46 billion
- Employees: 67,317
- Sector: Communication Services
- Headquarters: Menlo Park, United States
- Founded: 2004
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Meta runs Facebook, Instagram, WhatsApp, and Messenger u2014 four apps that collectively reach over 3.9 billion people monthly. That's roughly half the planet. Mark Zuckerberg founded Facebook in his Harvard dorm in 2004, and the company rebranded to Meta in 2021 to signal its bet on the metaverse and virtual reality through its Reality Labs division and Quest headsets.
Almost entirely advertising. Over 97% of Meta's $135+ billion annual revenue comes from targeted ads across Facebook and Instagram. Reality Labs (Quest headsets, metaverse development) burns over $15 billion a year with minimal revenue to show for it. WhatsApp monetization through business messaging is still early-stage.
Zuckerberg launched "TheFacebook" from Harvard in February 2004. IPO in May 2012 at $38 per share was initially considered a disaster as the stock dropped 50%. Instagram was acquired for $1 billion in 2012, WhatsApp for $19 billion in 2014. The Cambridge Analytica scandal in 2018 triggered a global reckoning on data privacy. The Meta rebrand came in October 2021.
| Market Capitalization | $1500.0B |
| Annual Revenue | $40.65B |
| Net Income | $60.46B |
| Profit Margin | 149% |
| Revenue per Employee | $603859K |
| Stock Exchange | NASDAQ |
| Ticker Symbol | META |
Financial data is approximate and based on most recent annual filings.
Meta's $19 billion WhatsApp acquisition was the largest purchase of a venture-backed company in history at the time. Zuckerberg personally controls over 50% of voting power despite owning about 13% of shares. The company's "year of efficiency" in 2023 cut 21,000 jobs and sent the stock up over 190%.
The metaverse bet still looks like a money pit, but Meta's core ad business is a monster u2014 and the AI pivot for content recommendations has been far more successful than the VR play.
What is Meta Platforms Inc.'s revenue?
Meta Platforms Inc. generates approximately $40.65 billion in annual revenue.
How many employees does Meta Platforms Inc. have?
Meta Platforms Inc. employs approximately 67,317 people worldwide.
What is Meta Platforms Inc.'s market cap?
Meta Platforms Inc. (META) has a market capitalization of approximately $1500.0 billion on the NASDAQ.
When was Meta Platforms Inc. founded?
Meta Platforms Inc. was founded in 2004 and is headquartered in Menlo Park, CA, United States.
Who is the CEO of Meta Platforms Inc.?
Mark Zuckerberg is the current CEO of Meta Platforms Inc..
What is Meta Platforms Inc.'s website?
Meta Platforms Inc.'s official website is meta.com.
| CEO | Mark Zuckerberg |
| Sector | Communication Services |
| Industry | Internet Content & Information |
| Founded | 2004 |
| HQ | Menlo Park, CA |
| Country | United States |
| Website | meta.com |
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