Introducing Meta Platforms Incorporation: A Social Technology Company

Introducing Meta Platforms Incorporation: A Social Technology Company. Meta Platforms Incorporation Introducing Meta: A Social Technology Company

Meta Platforms Incorporation

Introducing Meta: A Social Technology Company

Meta Platforms, Inc., formerly known as Facebook, Inc. until October 28, 2021, is an American multinational technology conglomerate holding company based in Menlo Park, California. It is the parent organization of Facebook, Instagram, and WhatsApp, among other subsidiaries. t is one of the world's most valuable companies and is considered one of the Big Five companies in U.S. information technology, alongside Amazon, Alphabet, Apple, and Microsoft. The company generates the vast majority of its revenue by selling advertisement placements to marketers.Meta offers other products and services, including Facebook Messenger, Facebook Watch, and Facebook Portal. It has also acquired Oculus, Giphy and Mapillary, and has a 9.99% stake in Jio Platforms. In October 2021, media outlets reported that the parent company of Facebook planned to change its name to "reflect its focus on building the metaverse", it was rebranded as Meta later that month on October 28. The name "Meta" comes from the Greek language and means "beyond", indicating the futuristic motive.

Useful Links:

• Facebook changes its corporate branding to Meta
• Introduction to Meta Platform Incorporation

About Meta:

Trade name: Meta

Formerly: Facebook, Inc. (2004–2021)

Owner: Mark Zuckerberg (controlling shareholder)

Headquarters: Menlo Park, California, U.S.

Area served: Worldwide (except blocked countries)

Founded: January 4, 2004; 17 years ago in Cambridge, Massachusetts (As Facevook)

Founders:

• Mark Zuckerberg:
• Mark Elliot Zuckerberg is an American media magnate, internet entrepreneur, and philanthropist. He is known for co-founding Meta, Inc. and serves as its chairman, chief executive officer, and controlling shareholder.
• Eduardo Saverin:
• Eduardo Luiz Saverin is a Brazilian billionaire entrepreneur and angel investor. Saverin is one of the co-founders of Meta, Inc. In 2012, he owned 53 million Facebook shares, valued at approximately $2 billion at the time. He also invested in early-stage startups such as Qwiki and Jumio.
• Andrew McCollum:
• Andrew McCollum is an American angel investor and businessman. McCollum is a co-founder of Meta, Inc. and current CEO of Philo.
• Dustin Moskovitz:
• Dustin Aaron Moskovitz is an American Internet entrepreneur who co-founded Meta, Inc. with Mark Zuckerberg, Eduardo Saverin, Andrew McCollum and Chris Hughes. In 2008, he left Facebook to co-found Asana with Justin Rosenstein.
• Chris Hughes:
• Chris Hughes is an American entrepreneur who co-founded and served as spokesman for the online social directory and networking site Facebook, with Harvard roommates Mark Zuckerberg, Dustin Moskovitz, Eduardo Saverin, and Andrew McCollum. He was the publisher and editor-in-chief of The New Republic from 2012 to 2016. As of 2019

Industry:

• Social Media
• Social Network Advertising
• Consumer Electronics

Key people:

• Mark Zuckerberg (CEO):
• Mark Elliot Zuckerberg is an American media magnate, internet entrepreneur, and philanthropist. He is known for co-founding Meta, Inc. and serves as its chairman, chief executive officer, and controlling shareholder.
• Sheryl Sandberg (COO):
• Sheryl Kara Sandberg is an American business executive, billionaire and philanthropist. Sandberg is the chief operating officer of Meta Platforms and the founder of LeanIn.Org. In June 2012, she was elected to Facebook's board of directors, becoming the first woman to serve on its board.
• David Wehner (CFO):
• David M. Wehner is the chief financial officer of Meta Platforms.
• Mike Schroepfer (CTO):
• Mike Schroepfer is an entrepreneur, technical architect and manager who has been the chief technology officer at Facebook (Meta) since March 2013.
• Chris Cox (CPO):
• Christopher Cox is a software engineer and business leader. He is the Chief Product Officer at Facebook. He serves as chief of staff to Facebook CEO Mark Zuckerberg on product development and is responsible for its "family of apps": Facebook, WhatsApp, Instagram, and Messenger.

Brands

• Facebook:
• Facebook is an American online social media and social networking service owned by Meta, Inc. Founded in 2004 by Mark Zuckerberg with fellow Harvard College students and roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, its name comes from the face book directories often given to American university students.
• Instagram:
• Instagram is an American photo and video sharing social networking service founded by Kevin Systrom and Mike Krieger. In April 2012, Meta, Inc. acquired the service for approximately US$1 billion in cash and stock.
• Messenger:
• Facebook Messenger also known as Messenger is an American instant messaging app and platform developed by Meta, Inc. Originally developed as Facebook Chat in 2008, the company revamped its messaging service in 2010, and subsequently released standalone iOS and Android apps in August 2011 and standalone Facebook Portal hardware for Messenger-based calling in Q4 2018.
• WhatsApp:
• WhatsApp Messenger, or simply WhatsApp, is an American freeware, cross-platform centralized instant messaging and voice-over-IP service owned by Meta, Inc. It allows users to send text messages and voice messages, make voice and video calls, and share images, documents, user locations, and other content.
• Oculus:
• Oculus is a division of Facebook Technologies, LLC that produces virtual reality headsets, including the Oculus Rift and Oculus Quest lines. In July 2012, Palmer Luckey, Brendan Iribe, Michael Antonov and Nate Mitchell founded Oculus VR in Irvine, California.
• Mapillary:
• Mapillary is a service for sharing crowdsourced geotagged photos, developed by remote company Mapillary AB, based in Malmö, Sweden. Mapillary was launched in 2013 and acquired by Meta in 2020.
• Workplace:
• Workplace – marketed as Workplace from Facebook and formerly Workplace by Facebook – is an online collaborative software tool developed by Meta Platforms, Inc. It facilitates online groupwork, instant messaging, video conferencing, and news sharing.
• Portal:
• Portal also known as Facebook Portal is a brand of smart displays and videophones originally released in 2018 by Facebook Inc. (Meta). The product line consists of four models (Portal, Portal+, Portal TV, and Portal Go) that provide video chat via Facebook Messenger and WhatsApp, augmented by a camera that can automatically zoom and track people's movements.
• Diem:
• Diem is a permissioned blockchain-based payment system proposed by the American social media company Facebook, Inc. The plan also includes a private currency implemented as a cryptocurrency. The currency and network do not yet exist.

Revenue: Increase US$85.97 billion (2020)

Operating income: Increase US$32.67 billion (2020)

Net income: Increase US$29.15 billion (2020)

Total assets: Increase US$159.32 billion (2020)

Total equity: Increase US$128.29 billion (2020)

Divisions: Facebook Reality Labs

Subsidiaries: Novi Financial

Website: about.facebook.com