The American multinational technology conglomerate Meta Platforms, Inc., also known as Meta and formerly known as Facebook, Inc. and The Facebook, Inc., is based in Menlo Park, California.
Among other products and services, the company owns and runs Facebook, Instagram, Threads, and WhatsApp. One of the most valuable companies in the world, Meta is also one of the top ten largest American publicly traded companies.
Along with Google’s parent company Alphabet, Amazon, Apple, and Microsoft, it is regarded as one of the Big Five American technology companies.
The goal of Meta Platforms Inc., formerly known as Facebook, Inc., is to create products that let users share and connect via mobile devices, personal computers, virtual reality headsets, and in-home gadgets. Family of Apps (FoA) and Facebook Reality Labs (FRL) are two of its segments.
Facebook, Instagram, Messenger, WhatsApp, and other services are included in the FoA segment. Consumer hardware, software, and content related to augmented and virtual reality are included in the FRL segment.
On computers and mobile devices, Facebook allows users to connect, share, and communicate with one another. Instagram enables users to connect with and purchase from businesses and creators, as well as express themselves through photos, videos, and private messages.
People can connect with friends, family, groups, and businesses using Messenger across platforms and devices. A messaging app called WhatsApp
The company has also made forays into non-VR hardware, such as the now-discontinued Meta Portal line of smart displays, and it currently collaborates with Luxottica on the Ray-Ban Stories line of smart glasses.
Despite forays into hardware, the company continues to rely heavily on advertising, which in 2022 accounted for 97.5 percent of its revenue.
to Meta Platforms, Inc. on October 28, 2021. According to Meta, the phrase “metaverse” describes the connected environment that connects all of the company’s goods and services.
Conclusion
One of the biggest and most well-known tech companies in the world is Meta (formerly Facebook).
The company’s shares have increased significantly since its IPO in 2012, and despite a few setbacks, they reached all-time highs in the summer of 2021 before dropping 25% on February 3, 2022, after Meta released quarterly results and a revenue outlook that fell short of the average of analyst estimates.
Throughout 2022, the stock fell precipitously, hitting lows last seen in 2015.
Make sure to investigate the company’s business fundamentals and take market trends into account before deciding to purchase the stock.
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