Meta
Meta Platforms (NASDAQ: META). Facebook, Instagram, WhatsApp, Messenger, Reality Labs. $164.5B FY2024 revenue. 3.3B daily active users.
About
Meta Platforms (NASDAQ: META) is the world's largest social media company, operating Facebook, Instagram, WhatsApp, Messenger, and Threads with a combined 3.35 billion daily active users. The company generated $164.5 billion in revenue in FY2024 with a market capitalization of approximately $1.7 trillion.
Founded by Mark Zuckerberg in 2004 and rebranded from Facebook to Meta in October 2021, the company operates two divisions: Family of Apps (social platforms + advertising) and Reality Labs (Quest VR headsets, Ray-Ban Meta smart glasses, and upcoming hardware including the Malibu 2 smartwatch). Meta is one of the largest investors in AI infrastructure globally, with $35B+ planned capex for 2025.
Financial History
Meta has raised $241.0M across 3 funding rounds.
Leadership Team
Key people at Meta.
Frequently Asked Questions
What is Meta Platforms?
Meta Platforms (NASDAQ: META) is the world's largest social media company, operating Facebook, Instagram, WhatsApp, Messenger, and Threads with 3.35B daily active users.
How much revenue does Meta generate?
Meta generated $164.5B in revenue in FY2024, primarily from advertising across its Family of Apps.
What hardware does Meta make?
Meta makes Quest VR headsets, Ray-Ban Meta smart glasses (~6M shipped in 2025), and is developing the Malibu 2 smartwatch and Orion AR glasses.
What is Meta's AI strategy?
Meta develops the open-source Llama LLM family and Meta AI assistant, with $35B+ planned AI infrastructure capex for 2025.
When did Facebook become Meta?
Facebook rebranded to Meta Platforms in October 2021, signaling a strategic shift toward the metaverse and AR/VR.
