Meta Platforms Inc, Prices Today

Share Market Daily Writer By Mahesh Limbani

Meta Platforms Inc, Prices Today $494.04 0.83% -4.15 Today

Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California.

The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. 

 Meta ranks among the largest American information technology companies, alongside other Big Five corporations Alphabet, Amazon, Apple, and Microsoft. 

The company was ranked #31 on the Forbes Global 2000 ranking in 2023. Meta has also acquired Oculus, Mapillary, CTRL-Labs, and a 9.99% stake in Jio Platforms

the company additionally endeavored into non-VR hardware, such as the discontinued Meta Portal smart displays line, and presently partners with Luxottica through the Ray-Ban Stories series of smart glasses.

Despite endeavors into hardware, the company relies on advertising for a vast majority of its revenue, amounting to 97.8 percent in 2023

Parent company Facebook, Inc. rebranded as Meta Platforms, Inc. on October 28, 2021, to "reflect its focus on building the metaverse"

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