OverviewSuggest Edit
Meta Platforms (formerly known as Facebook) is a technology company that provides an online social networking service. Its Facebook platform allows its users to connect with friends and family as well as make new connections. The platform provides its users with the ability to create a profile, update information, add images, send friend requests, and accept requests from other users. It enables users to join and create pages related to entertainment, sports, business, finance, preferences, hobbies, culture, religion, and a number of other categories.
| Type | Public | |
| Founded | 2004 | |
| HQ | Menlo Park, CA, US | Map |
| Website | about.facebook.com | |
| Employee Ratings | More | |
| Overall Culture | A+ | More |
Key People/Management at Meta
Mark Zuckerberg
Founder, Chairman and Chief Executive Officer
Sheryl Sandberg
Chief Operating Officer, Director
Eduardo Saverin
Co-Founder
David Wehner
Chief Financial Officer
Nick Clegg
President, Global Affairs
Chris Cox
Chief Product Officer
Meta Office Locations
Meta has offices in Menlo Park, Altoona, Austin, Bellevue and in 90 other locations
Menlo Park, CA, US (HQ)
1600 Willow Rd
Altoona, IA, US
100 Share Way NW
Austin, TX, US
300 W 6th St
Bellevue, WA, US
1209 124th Ave NE
Cambridge, MA, US
100 Binney St
Chicago, IL, US
191 North Wacker, 191 N Upper Wacker Dr
Meta Financials and Metrics
Meta Revenue
Meta's revenue was reported to be $85.97 b in FY, 2020 which is a 21.6% increase from the previous period.
| USD | |
|---|---|
Market capitalization (11-May-2022) | 534.9b |
Closing stock price (11-May-2022) | 188.7 |
Cash (31-Mar-2022) | 14.9b |
Meta's current market capitalization is $534.9 b.
Annual
Quarterly
| USD | Q1, 2018 | Q2, 2018 | Q3, 2018 | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | 12.0b | 13.2b | 13.7b | 15.1b | 16.9b | 17.7b | 17.7b | 18.7b | 21.5b | 26.2b | 29.1b | 29.0b |
Cost of goods sold | 1.9b | 2.2b | 2.4b | 2.8b | 3.3b | 3.2b | 3.5b | 3.8b | 4.2b | 5.1b | 5.4b | 5.8b |
Gross profit | 10.0b | 11.0b | 11.3b | 12.3b | 13.6b | 14.5b | 14.3b | 14.9b | 17.3b | 21.0b | 23.7b | 23.2b |
Gross profit Margin, % | 84% | 83% | 82% | 81% | 80% | 82% | 80% | 80% | 80% | 80% | 81% | 80% |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Cash | 11.1b | 13.9b | 16.0b | 23.6b | 21.0b | 11.6b | 19.5b | 16.2b | 14.5b | 14.9b |
Accounts Receivable | 6.5b | 7.5b | 7.7b | 7.3b | 7.5b | 8.0b | 10.3b | 11.7b | 12.1b | 11.4b |
Prepaid Expenses | 1.6b | 1.9b | 2.1b | 1.8b | 2.4b | 2.2b | 2.8b | 4.9b | 5.3b | 4.0b |
Current Assets | 53.3b | 58.0b | 62.1b | 69.3b | 68.1b | 65.8b | 77.3b | 80.7b | 75.4b | 59.3b |
Annual
Quarterly
| USD | Q1, 2019 | Q2, 2019 | Q3, 2019 | Q1, 2020 | Q2, 2020 | Q3, 2020 | Q1, 2021 | Q2, 2021 | Q3, 2021 | Q1, 2022 |
|---|---|---|---|---|---|---|---|---|---|---|
Net Income | 2.4b | 5.0b | 11.1b | 4.9b | 10.1b | 17.9b | 9.5b | 19.9b | 29.1b | 7.5b |
Depreciation and Amortization | 1.4b | 2.9b | 4.3b | 1.6b | 3.3b | 5.0b | 2.0b | 4.0b | 6.0b | 2.2b |
Accounts Payable | (96.0m) | (87.0m) | 2.0m | (44.0m) | (100.0m) | 39.0m | (250.0m) | (134.0m) | (1.1b) | (882.0m) |
Cash From Operating Activities | 9.3b | 17.9b | 27.2b | 11.0b | 14.9b | 24.7b | 12.2b | 25.5b | 39.6b | 14.1b |
| USD | Q1, 2018 |
|---|---|
Revenue/Employee | 431.3k |
Meta Acquisitions / Subsidiaries
| Company Name | Date | Deal Size |
|---|---|---|
| presize.ai | April 14, 2022 | |
| ImagineOptix | December 21, 2021 | |
| Within | October 29, 2021 | |
| AI.Reverie | October 12, 2021 | |
| BigBox VR | June 11, 2021 | |
| Unit 2 Games | June 04, 2021 | |
| Lemnis Technologies | September 22, 2020 | |
| Mapillary | June 18, 2020 | |
| GIPHY | May 15, 2020 | $400 m |
| Sanzaru Games Inc | February 26, 2020 |
Meta Revenue Breakdown
Meta revenue breakdown by business segment: 49.2% from Advertising, 49.5% from Family of Apps and 1.3% from Other
Meta revenue breakdown by geographic segment: 40.3% from Asia-Pacific, 43.8% from Europe and 16.0% from Rest of the World
Human Capital Metrics
Source: about.fb.com, diversity.fb.com, www.facebook.com, newsroom.fb.com, newsroom.fb.com, newsroom.fb.com
Meta Cybersecurity Score
Meta Environment, Social & Governance (ESG) Ratings
Meta Online and Social Media Presence
Meta's Trends
Twitter Engagement Stats for @meta
15.6k
Tweets
721
Following
13.9m
Followers
49
Tweets last 30 days
65.2
Avg. likes per Tweet
81.6%
Tweets with engagement
Meta Company Culture
Overall Culture
A+
79/100
CEO Rating
A+
80/100
Compensation
A+
85/100
Diversity
A
78/100
Meta News and Updates
May 10, 2022
Facebook sued in Kenya over work conditions for moderators
KAMPALA, Uganda (AP) — Attorneys for a man who once worked as a content moderator for Facebook have filed a lawsuit accusing the company of exploitative and unsafe working conditions. The case against Meta Platforms, Facebook's parent company, and the outsourcing firm Sama was lodged Tuesday with a …
May 02, 2022
Dfinity Foundation files lawsuit against Meta over infinity logo
The court filing is based not on Meta’s logo using the infinity symbol itself but rather on registering a trademark for use in fields offering similar goods and services.
Lawyers for Dfinity Foundation, a Switzerland-based nonprofit behin…
April 06, 2022
Meta may introduce tokens and digital currency lending services to apps: Report
The digital currency, which employees have reportedly dubbed “Zuck Bucks,” will be aimed at use in the metaverse.
Social media giant Facebook’s parent company, Meta, is reportedly planning to introduce virtual currency as well as lending …
April 05, 2022
TransAlta and Meta Announce 200 MW Renewable Power Purchase Agreement and Launch of the Horizon Hill Wind Project
CALGARY, AB, April 5, 2022 /PRNewswire/ - TransAlta Corporation ("TransAlta" or the "Company") (TSX: TA) (NYSE: TAC) announced today that it has entered into a long-term renewable energy purchase agreement with Meta, formerly known as the Facebook company, for the offtake of 100 per cent...
April 01, 2022
Meta says employees no longer need Covid boosters to come to U.S. offices
California-based Meta Platforms had told employees to get booster shots in January, but they have not proven popular with the state's residents.
Meta Frequently Asked Questions
When was Meta founded?
Meta was founded in 2004.
Who are Meta key executives?
Meta's key executives are Mark Zuckerberg, Sheryl Sandberg and Eduardo Saverin.
How many employees does Meta have?
Meta has 71,970 employees.
Who are Meta competitors?
Competitors of Meta include TikTok, Twitter and YouTube.
Where is Meta headquarters?
Meta headquarters is located at 1600 Willow Rd, Menlo Park.
Where are Meta offices?
Meta has offices in Menlo Park, Altoona, Austin, Bellevue and in 90 other locations.
How many offices does Meta have?
Meta has 96 offices.
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