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.
TypePublic
Founded2004
HQMenlo Park, CA, US
Websiteabout.facebook.com
Employee Ratings4.4
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)71,970(+6%)
Revenue (FY, 2020)$86 B(+22%)
Share Price (May 2022)$188.7(-4%)
Cybersecurity ratingCMore
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Key People/Management at Meta

Mark Zuckerberg

Mark Zuckerberg

Founder, Chairman and Chief Executive Officer
Sheryl Sandberg

Sheryl Sandberg

Chief Operating Officer, Director
Eduardo Saverin

Eduardo Saverin

Co-Founder
David Wehner

David Wehner

Chief Financial Officer
Nick Clegg

Nick Clegg

President, Global Affairs
Chris Cox

Chris Cox

Chief Product Officer
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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
Show all (96)

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
USDFY, 2018FY, 2019FY, 2020

Revenue

55.8b70.7b86.0b

Revenue growth, %

37%27%22%

Cost of goods sold

9.4b12.8b16.7b

Gross profit

46.5b57.9b69.3b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

12.0b13.2b13.7b15.1b16.9b17.7b17.7b18.7b21.5b26.2b29.1b29.0b

Cost of goods sold

1.9b2.2b2.4b2.8b3.3b3.2b3.5b3.8b4.2b5.1b5.4b5.8b

Gross profit

10.0b11.0b11.3b12.3b13.6b14.5b14.3b14.9b17.3b21.0b23.7b23.2b

Gross profit Margin, %

84%83%82%81%80%82%80%80%80%80%81%80%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

19.1b17.6b16.6b

Accounts Receivable

9.5b11.3b14.0b

Prepaid Expenses

1.9b2.4b4.6b

Current Assets

66.2b75.7b66.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Cash

11.1b13.9b16.0b23.6b21.0b11.6b19.5b16.2b14.5b14.9b

Accounts Receivable

6.5b7.5b7.7b7.3b7.5b8.0b10.3b11.7b12.1b11.4b

Prepaid Expenses

1.6b1.9b2.1b1.8b2.4b2.2b2.8b4.9b5.3b4.0b

Current Assets

53.3b58.0b62.1b69.3b68.1b65.8b77.3b80.7b75.4b59.3b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

18.5b29.1b39.4b

Depreciation and Amortization

5.7b6.9b8.0b

Accounts Payable

113.0m(17.0m)1.4b

Cash From Operating Activities

36.3b38.7b57.7b
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022

Net Income

2.4b5.0b11.1b4.9b10.1b17.9b9.5b19.9b29.1b7.5b

Depreciation and Amortization

1.4b2.9b4.3b1.6b3.3b5.0b2.0b4.0b6.0b2.2b

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

9.3b17.9b27.2b11.0b14.9b24.7b12.2b25.5b39.6b14.1b
USDQ1, 2018

Revenue/Employee

431.3k
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Meta Operating Metrics

Q1, 2018Q2, 2018Q3, 2018FY, 2018FY, 2019FY, 2020Q1, 2021Q2, 2021Q3, 2021

ARPU

$24.96$29.25$32.03

Quarterly ARPU (US & Canada)

$23.59$25.91$27.61$34.86$9.27$53.01$52.34

Quarterly ARPU (Europe)

$8.12$8.76$8.82$10.98$15.49$17.23$16.5

Quarterly ARPU (Asia)

$2.46$2.62$2.67$2.96$3.94$4.16$4.3
Show all operating metrics

Meta Acquisitions / Subsidiaries

Company NameDateDeal Size
presize.aiApril 14, 2022
ImagineOptixDecember 21, 2021
WithinOctober 29, 2021
AI.ReverieOctober 12, 2021
BigBox VRJune 11, 2021
Unit 2 GamesJune 04, 2021
Lemnis TechnologiesSeptember 22, 2020
MapillaryJune 18, 2020
GIPHYMay 15, 2020$400 m
Sanzaru Games IncFebruary 26, 2020
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Meta Revenue Breakdown

Embed Graph

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

Show all human capital metrics

Meta Cybersecurity Score

Cybersecurity ratingPremium dataset

C

77/100

SecurityScorecard logo

Meta Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Meta Online and Social Media Presence

Embed Graph

Meta Company Culture

  • Overall Culture

    A+

    79/100

  • CEO Rating

    A+

    80/100

  • Compensation

    A+

    85/100

  • Diversity

    A

    78/100

Learn more on Comparably

Meta News and Updates

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 …

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…

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 …

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...

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.
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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.