META - Meta Platforms, Inc.

Company Overview

Name

Meta Platforms, Inc.

Tickers

META

Exchanges

Nasdaq

Employees

67317

Founded

2004

Sector Information

Other Information

CIK

1326801

Category

Large accelerated filer

1-Line Summary

Meta is a leading technology company focused on connecting people through social media and building the metaverse with advanced VR and AR technologies.

Company summary

Meta, formerly known as Facebook, operates as a technology company with a mission to connect people and foster community through its products and services. The company offers a family of applications, including Facebook, Instagram, Messenger, WhatsApp, and Threads, aimed at enhancing social connectivity, content sharing, and interaction on both personal and public levels. In addition to social media, Meta is also advancing its Reality Labs segment, which focuses on developing virtual reality (VR) and augmented reality (AR) products to build the metaverse—a more immersive digital ecosystem.

Meta's business model primarily generates revenue through advertisements within its apps, allowing marketers to target specific audiences with their campaigns across multiple platforms. The company invests significantly in areas like artificial intelligence, the metaverse, and improving its advertising services. With a strong commitment to future innovations, Meta is positioning itself at the forefront of the next evolution of the internet and social technology, even as it faces challenges such as regulatory scrutiny and competition from other tech firms.

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