Meta Platforms, Inc. (META:NASDAQ)
Meta Platforms Inc. (META) develops products which enable people to connect via social media platforms, using mobile devices, personal laptops, wearable devices and virtual reality headsets. The company was initially known as Facebook and incorporated in 2004. It changed its name to Meta Platforms Inc. in October 2021 and is headquartered in Menlo Park, California. It operates in two segments, Family of Apps (which makes up 98% of revenue) and Reality Labs. The Family of Apps includes Facebook, Messenger, WhatsApp, and Instagram. The Reality Labs segment provides augmented and virtual reality related products including virtual reality hardware, software and content. META has 2.936 billion users with 1.96 billion daily users worldwide.
As at 31 Dec 2021