|Other names||The metaverse|
|Formerly||TheFacebook, Inc. (2004), Facebook, Inc. (2005–2021)|
|Traded as||Nasdaq: FB (Class A)Nasdaq-100 componentS&P 100 componentS&P 500 component|
|Industry||Social mediaSocial network advertising, Consumer electronics|
|Founded||January 4, 2004; in Cambridge, Massachusetts, U.S.|
|Founders||Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, |
|Headquarters||Menlo Park, California, U.S.|
|Area served||Worldwide (except blocked countries)|
|Key people||Mark Zuckerberg (CEO)Sheryl Sandberg (COO)David Wehner (CFO)Mike Schroepfer (CTO)Chris Cox (CPO)|
|Brands||Facebook, Instagram, Messenger, WhatsApp, Oculus, Mapillary, Workplace, Portal, Diem|
What is Meta net worth?
Meta net worth 2022 is reported at $572 billion. Meta Platforms, Inc., doing business as Meta and formerly known as Facebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California.
The company is the parent organization of Facebook, Instagram, and WhatsApp, among other subsidiaries. Meta is one of the world’s most valuable companies. It is one of the Big Five American information technology companies, alongside Google, Amazon, Apple, and Microsoft.
Meta’s key management consists of:
- Mark Zuckerberg, chairman and chief executive officer
- Sheryl Sandberg, Chief Operating Officer
- Mike Schroepfer, Chief Technology Officer
- David Wehner, Chief Financial Officer
- Chris Cox, Chief Product Officer
How Does Facebook Make money?
Meta products and services include Facebook, Messenger, Facebook Watch, and Facebook Portal. It has also acquired Oculus, Giphy, and Mapillary, and has a 9.99% stake in Jio Platforms. The company generates a substantial share of its revenue from the sale of advertisement placements to marketers.
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Facebook ranked No. 34 in the 2020 Fortune 500 list of the largest United States corporations by revenue, with almost $86 billion in revenue.
Most comes from advertising. One analysis of 2017 data determined that the company earned US$20.21 per user from advertising.
What does the new Meta mean?
In October 2021, Facebook announced that they were rebranding.
Just a few weeks later, Zuckerberg then announced Facebook’s new name would be “Meta,” inspired by the Greek word meaning “beyond” and their plan to created a next-gen “metaverse” internet.