History:
- Meta Platforms, formerly known as Facebook Inc., is a multinational technology company located in California and founded by CEO Mark Zuckerberg in 2004. At the end of 2021, the company underwent a significant rebranding, with a greater focus on the metaverse, VR, and having all social networks fall under the umbrella term of Meta’s Family of Apps (FoA). Meta’s Family of Apps consists of social media behemoths Facebook, Messenger, Instagram, and WhatsApp. Additionally, Reality Labs is Meta’s VR and AR division, focusing on all aspects of the company’s research and development in this area.
- As of December 2023, Meta Platforms is the seventh largest company in the world by market capitalization, with a market cap of $822.43 billion.
Mission and Vision:
- Meta Platforms’ mission is to “give people the power to build community and bring the world closer together”. The company aims to achieve this by connecting people and building communities through its various platforms. Meta’s vision is to “build the metaverse, a new chapter for the internet that’s more immersive, more expressive, and more connected than anything we’ve seen before”. The company is committed to developing new technologies that will help shape the future of computing.
Products:
- Facebook: A social networking platform that allows users to connect with friends and family.
- Messenger: A messaging app that allows users to send text messages, voice messages, and make voice and video calls.
- Instagram: A photo and video sharing app that allows users to share their content with others.
- WhatsApp: A messaging app that allows users to send text messages, voice messages, and make voice and video calls.
- Meta Portal: A line of smart displays that allow users to video chat, stream content, and control their smart home devices.
- Meta Quest: A line of virtual reality headsets that allow users to play games and explore virtual worlds.
- Meta Horizon: A social virtual reality platform that allows users to connect with others in a virtual space.
Financials:
- Meta Platforms, formerly known as Facebook Inc., reported a revenue of $126.955 billion for the twelve months ending September 30, 2023, which is a 7.48% increase year-over-year. Meta Platforms’ annual revenue for 2022 was $116.609 billion, a 1.12% decline from 2021. The company’s annual revenue for 2021 was $117.929 billion, a 37.18% increase from 2020.
Leadership:
- Mark Zuckerberg: Founder, Chairman, and CEO.
- Nick Clegg: President, Global Affairs.
- Susan Li: Chief Financial Officer.
- Javier Olivan: Chief Operating Officer.
- Chris Cox: Chief Product Officer.
- Andrew ‘Boz’ Bosworth: Chief Technology Officer.
- Jennifer Newstead: Chief Legal Officer.
- Lori Goler: Head of People.
- Dave Wehner: Chief Strategy Officer.
- Maxine Williams: Chief Diversity Officer.
- Mike Schroepfer: Senior Fellow.
- Will Cathcart: Head of WhatsApp.
- Naomi Gleit: Head of Product.
- Loredana Crisan: Head of Messenger.
- John Hegeman: Head of Monetization.
- Santosh Janardhan: Head of Infrastructure.
- Adam Mosseri: Head of Instagram.
- Erin Egan: Chief Privacy Officer, Policy.
- Michel Protti: Chief Privacy Officer, Product.
- Alex Schultz: Chief Marketing Officer and VP of Analytics.
- Tom Alison: Head of Facebook.
- Nicola Mendelsohn: Head of Global Business Group.
- Justin Osofsky: Head of Online Sales, Operations, and Partnerships.
Mark Zuckerberg:
- Mark Elliot Zuckerberg is an American businessman and philanthropist. He co-founded the social media service Facebook and its parent company Meta Platforms (formerly Facebook, Inc.), of which he is executive chairman, chief executive officer and controlling shareholder. Zuckerberg attended Harvard University, where he launched Facebook in February 2004 with his roommates Eduardo Saverin, Andrew McCollum, Dustin Moskovitz and Chris Hughes. Originally launched in only select college campuses, the site expanded rapidly and eventually beyond colleges, reaching one billion users in 2012. Zuckerberg took the company public in May 2012 with majority shares. In 2007, at age 23, he became the world’s youngest self-made billionaire. He has since used his funds to organize multiple philanthropic endeavors, including the establishment of the Chan Zuckerberg Initiative.