In 2021, 97.5% of the company’s revenue came from the sale of advertisement placements to marketers. It owns Instagram, Messenger, WhatsApp, Oculus, Giphy, Mapillary, and Kustomer, and it has a stake in India’s Jio Platforms. Meta is not only about Facebook, the most popular social network worldwide. The rebranding occurred due to the rising popularity of the "metaverse," where users would interact in virtual reality environments. Interesting facts about the #META (Meta Platforms Inc) When trading FB shares, traders should check whether the company is a part of a new lawsuit again. ![]() It leads to enormous scandals that make the stock price plunge dramatically. Meta Platforms often allows third parties to access data on millions of people without their knowledge. It’s critical that the company’s shareholders sued it many times. Moreover, Meta (former Facebook Inc.) has been a part of many lawsuits and scandals. ![]() As Meta is a huge company that doesn’t always succeed when acquiring a new company or launching a product or feature, traders should check the news daily. However, the company’s earnings growth rate is lower than the US Internet content & information industry growth rate. As for Meta, the return on equity has been stable for several years. It reflects the company’s efficiency at generating profits on an equity base. Return on equity is Warren Buffett’s favorite metric. Meta’s earnings and revenue have been growing year to year. On October 2021 Facebook has changed its corporate name to Meta as part of a major rebrand. As you can see, the company has been expanding over various markets. In 2019, the company launched a digital wallet and Calibra currency. In December 2018, the company announced its plans to develop a cryptocurrency that will be backed by USD. In 2014, WhatsApp and Oculus became a part of Facebook, Inc. The next year, the company purchased Atlas. In 2012, Facebook stopped being just a social network. Since 2006, everyone has been able to join the network. By May 2005, the network had expanded to over 800 college campuses. ![]() However, in December 2004, the number of Facebook users hit 1 million. In the beginning, it was just a private network for college students. was incorporated in 2004 and is headquartered in Menlo Park, California.Facebook was established in 2004 by Harvard students Mark Zuckerberg, Eduardo Saverin, Dustin Moskovitz, and Chris Hughes. and changed its name to Meta Platforms, Inc. The company was formerly known as Facebook, Inc. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. ![]() It operates in two segments, Family of Apps and Reality Labs. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide.
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