Meta Platforms, Inc.
name
Meta Platforms, Inc.
id
META
summary
Meta Platforms, Inc., doing business as Meta and formerly named Facebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. It owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. Meta ranks among the largest American information technology companies, alongside Alphabet (Google), Amazon, Apple, and Microsoft. The company was ranked #31 on the Forbes Global 2000 ranking in 2023. Meta has also acquired Oculus (integrated into Reality Labs), Mapillary, CTRL-Labs, and a 9.99% stake in Jio Platforms. Despite endeavors into hardware, the company relies on advertising for a vast majority of its revenue, amounting to 97.8 percent in 2023. Parent company Facebook, Inc. rebranded as Meta Platforms, Inc. on October 28, 2021, to reflect its focus on building the metaverse.