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Companies Encyclopedia Entry 1783665310

** Meta Platforms, Inc., commonly known as Meta, is an American multinational technology and online social media conglomerate that operates several prominent platforms, including Facebook, Instagram, and WhatsApp. ## Overview Meta Platforms, Inc. is a leading technology company that has revolutionized the way people interact, communicate, and access information online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown exponentially over the years to become one of the largest and most influential technology companies in the world. Meta's mission is to give people the power to build community and bring the world closer together. Meta's core platforms, including Facebook, Instagram, and WhatsApp, have become an integral part of modern life, with billions of users worldwide. These platforms have enabled people to connect with each other, share ideas, and access a vast array of information and services. Meta's innovative approach to technology has also led to the development of various other products and services, including virtual reality (VR) and augmented reality (AR) experiences, online advertising, and e-commerce platforms. ## History/Background Meta's history dates back to 2004, when Mark Zuckerberg created a website called "Facemash" while attending Harvard University. The site allowed users to compare the photos of two students and vote on which one was more attractive. The site became popular, but also generated controversy and was eventually shut down by the university. Zuckerberg was later inspired to create a new website called "Thefacebook," which was initially intended for Harvard students only. The site quickly gained popularity, and soon expanded to other colleges and universities. In 2005, Zuckerberg dropped out of Harvard to focus on Facebook full-time. The company raised its first round of funding from the venture capital firm Accel Partners, and later from the Russian investment firm Digital Sky Technologies (DST). In 2012, Facebook went public with an initial public offering (IPO) that raised $16 billion, making it one of the largest IPOs in history. In 2014, Facebook acquired WhatsApp, a popular messaging app, for $19 billion. In 2016, Facebook acquired Instagram, a photo and video sharing app, for $1 billion. In 2021, Facebook rebranded itself as Meta Platforms, Inc., reflecting its expanded focus on virtual reality and other emerging technologies. ## Key Information * **Revenue:** Meta's revenue has grown significantly over the years, reaching $117 billion in 2021. * **Users:** Meta's platforms have over 3.5 billion monthly active users, making it one of the largest technology companies in the world. * **Products:** Meta's core platforms include Facebook, Instagram, and WhatsApp, as well as other products and services such as Oculus VR, Portal, and Workplace. * **Acquisitions:** Meta has acquired several companies over the years, including WhatsApp, Instagram, and Giphy. * **Awards:** Meta has received numerous awards and recognition for its innovative approach to technology and its commitment to social responsibility. ## Significance Meta's significance extends far beyond its financial success and user base. The company has played a major role in shaping the way people interact and communicate online, and has had a profound impact on modern society. Meta's platforms have enabled people to connect with each other, share ideas, and access a vast array of information and services. The company's commitment to innovation and social responsibility has also led to the development of various initiatives and programs aimed at promoting digital literacy, online safety, and social good. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media conglomerate - **Date:** Founded in 2004 - **Location:** Menlo Park, California - **Known For:** Operating several prominent platforms, including Facebook, Instagram, and WhatsApp. TAGS: Meta, Facebook, Instagram, WhatsApp, Technology, Social Media, Online Platforms, Virtual Reality, Augmented Reality, E-commerce, Online Advertising.

Companies Encyclopedia Entry 1778400067

** Meta Platforms, Inc., commonly known as Meta, is a multinational technology and online social media company that owns and operates several prominent platforms, including Facebook, Instagram, and WhatsApp. ## Overview Meta Platforms, Inc. is a leading technology company that has revolutionized the way people interact, communicate, and access information online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown exponentially to become one of the largest and most influential technology companies in the world. Meta's primary mission is to give people the power to build community and bring the world closer together. Meta's journey began with the launch of Facebook, a social networking platform that quickly gained popularity among college students and eventually spread to become a global phenomenon. Over the years, the company has expanded its portfolio by acquiring several other popular platforms, including Instagram in 2012 and WhatsApp in 2014. Today, Meta operates a diverse range of products and services that cater to various needs and interests, from social media and messaging to online advertising and e-commerce. ## History/Background Meta's history dates back to 2004, when Mark Zuckerberg, then a sophomore at Harvard, created a website called "Facemash" that allowed users to compare the photos of two students and vote on which one was more attractive. The site became popular, but also generated controversy and was eventually shut down by the university. Undeterred, Zuckerberg and his friends decided to create a new website that would allow Harvard students to create their own profiles and connect with each other. This website, initially called "Thefacebook," was launched in February 2004 and quickly gained popularity among college students. In the following years, Facebook expanded to other colleges and universities, and eventually to the general public. In 2012, the company acquired Instagram, a photo and video sharing platform, for $1 billion. Two years later, Meta acquired WhatsApp, a popular messaging app, for $19 billion. Today, Meta is a multinational company with a presence in over 190 countries and a user base of over 3.5 billion people. ## Key Information * **Revenue:** $117.94 billion (2021) * **Employees:** Over 80,000 (2022) * **Headquarters:** Menlo Park, California, USA * **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, Chris Hughes * **Acquisitions:** Instagram (2012), WhatsApp (2014), Giphy (2020) * **Products:** Facebook, Instagram, WhatsApp, Oculus VR, Portal ## Significance Meta's impact on society and the economy cannot be overstated. The company's platforms have revolutionized the way people interact, communicate, and access information online. Facebook, in particular, has become an integral part of modern life, with over 2.7 billion monthly active users. Instagram and WhatsApp have also become essential tools for people around the world, with over 1 billion and 2 billion monthly active users, respectively. Meta's significance extends beyond its platforms, however. The company has also become a major player in the technology industry, with a market capitalization of over $1 trillion. Its influence on the global economy is significant, with the company's revenue exceeding $100 billion in 2021. Furthermore, Meta's commitment to innovation and research has led to the development of new technologies, such as virtual reality and artificial intelligence, that have the potential to transform industries and improve lives. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Facebook, Instagram, WhatsApp, and other popular online platforms TAGS: Technology, Social Media, Online Platforms, Facebook, Instagram, WhatsApp, Virtual Reality, Artificial Intelligence, E-commerce, Online Advertising.

Companies Encyclopedia Entry 1780103165

** This article provides an in-depth look at the history, key information, and significance of a prominent company in the global market. **CONTENT** ### Overview **Company Name:** Meta Platforms, Inc. Meta Platforms, Inc., commonly known as Meta, is a multinational technology and online social media company that has revolutionized the way people interact and share information online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, Meta has grown to become one of the largest and most influential technology companies in the world. Meta's primary product, Facebook, was launched in 2004 and quickly gained popularity as a social networking platform. Over the years, the company has expanded its portfolio to include other popular products such as Instagram, WhatsApp, and Oculus VR. Meta's mission is to give people the power to build community and bring the world closer together. ### History/Background Meta's history began in 2003 when Mark Zuckerberg created a website called "Facemash" that allowed users to compare the photos of two students and vote on which one was more attractive. The site became popular, but also generated controversy and was eventually shut down by the university. However, the idea for a social networking site was born, and Zuckerberg began working on a new project called "Thefacebook," which was launched in 2004. Thefacebook quickly gained popularity, and by 2005, it had become one of the most popular social networking sites in the world. In 2012, Facebook went public with an initial public offering (IPO) that raised $16 billion, making it one of the largest IPOs in history. Over the years, Meta has continued to expand its portfolio through strategic acquisitions, including Instagram in 2012 and WhatsApp in 2014. ### Key Information - **Revenue:** $117.9 billion (2021) - **Employees:** 83,553 (2021) - **Headquarters:** Menlo Park, California, USA - **Subsidiaries:** Instagram, WhatsApp, Oculus VR, Giphy, and others - **Products:** Facebook, Instagram, WhatsApp, Messenger, and others - **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes Meta has achieved numerous milestones and accolades, including: - **Most Valuable Company:** Meta was ranked as the most valuable company in the world in 2021, with a market capitalization of over $1 trillion. - **Fastest-Growing Company:** Meta has been ranked as one of the fastest-growing companies in the world by various publications, including Forbes and Fortune. - **Innovative Products:** Meta has developed several innovative products, including Facebook, Instagram, WhatsApp, and Oculus VR, which have revolutionized the way people interact and share information online. ### Significance Meta's significance cannot be overstated. The company has had a profound impact on the way people interact and share information online. Its products have become an integral part of modern life, and its influence extends far beyond the technology industry. Meta's success has also created new opportunities for entrepreneurs, developers, and small businesses, and has helped to drive economic growth and innovation around the world. However, Meta has also faced numerous challenges and controversies, including concerns over data privacy, misinformation, and the spread of hate speech on its platforms. The company has been criticized for its handling of these issues, and has faced numerous lawsuits and regulatory actions as a result. **INFOBOX:** - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Developing innovative products such as Facebook, Instagram, WhatsApp, and Oculus VR **TAGS:** Technology, Social Media, Online Platforms, Innovation, Entrepreneurship, Economic Growth, Data Privacy, Misinformation, Hate Speech.

Companies Encyclopedia Entry 1779546005

** Meta Platforms, Inc., commonly known as Meta, is an American multinational technology and online social media company that operates several well-known platforms, including Facebook, Instagram, and WhatsApp. ## Overview Meta Platforms, Inc. is a leading technology company that has revolutionized the way people interact with each other and access information online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown to become one of the largest and most influential technology companies in the world. Meta's primary mission is to give people the power to build community and bring the world closer together. Meta's early success was fueled by the rapid growth of Facebook, which was initially launched as a social networking platform for college students. However, the company quickly expanded its reach to become a global phenomenon, with over 2.7 billion monthly active users across its various platforms. Today, Meta is a diversified technology company that operates a range of products and services, including Facebook, Instagram, WhatsApp, and Oculus VR. ## History/Background Meta's history dates back to 2004, when Mark Zuckerberg launched Facebook from his college dorm room at Harvard University. Initially, the platform was designed to connect college students, but it quickly gained popularity and expanded to become a global social networking platform. In 2012, Facebook acquired Instagram, a popular photo and video sharing platform, for $1 billion. In 2014, the company acquired WhatsApp, a popular messaging app, for $19 billion. In 2019, Meta rebranded itself as a holding company, Meta Platforms, Inc., to reflect its expanded scope and diversified operations. ## Key Information * **Revenue:** Meta generated $117.9 billion in revenue in 2021, making it one of the largest technology companies in the world. * **Employees:** The company has over 83,000 employees worldwide, with a significant presence in the United States, Europe, and Asia. * **Products:** Meta operates a range of products and services, including Facebook, Instagram, WhatsApp, and Oculus VR. * **Acquisitions:** The company has made several significant acquisitions, including Instagram (2012) and WhatsApp (2014). * **Controversies:** Meta has faced several controversies over the years, including concerns over data privacy, misinformation, and online harassment. ## Significance Meta's significance extends far beyond its financial performance and market value. The company has played a major role in shaping the way people interact with each other and access information online. Its platforms have become an integral part of modern life, with billions of people around the world using them to connect with friends and family, share information, and access news and entertainment. Meta's impact on society is multifaceted and far-reaching. On the one hand, the company's platforms have enabled people to connect with each other in ways that were previously unimaginable, fostering global communication and collaboration. On the other hand, the company's platforms have also been criticized for spreading misinformation, promoting online harassment, and compromising data privacy. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Operating Facebook, Instagram, WhatsApp, and Oculus VR TAGS: Meta, Facebook, Instagram, WhatsApp, Oculus VR, Technology, Social Media, Online Platforms, Data Privacy, Misinformation, Online Harassment.

Companies Encyclopedia Entry 1782643145

** Meta Platforms, Inc., commonly known as Meta, is an American multinational technology and online social media company that operates several well-known platforms, including Facebook, Instagram, and WhatsApp. ## Overview Meta Platforms, Inc. is a leading technology company that has revolutionized the way people interact, communicate, and access information online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown exponentially over the years to become one of the world's most influential and valuable companies. Meta's mission is to give people the power to build community and bring the world closer together. Meta's early success was driven by the rapid adoption of Facebook, which was initially a social networking site for college students. However, the platform quickly expanded to become a global phenomenon, with over 2.7 billion monthly active users. In 2012, Meta acquired Instagram, a photo and video-sharing app, and in 2014, it acquired WhatsApp, a popular messaging service. Today, Meta operates a diverse range of platforms, including Facebook, Instagram, WhatsApp, and Oculus VR, a virtual reality technology company. ## History/Background Meta's history dates back to 2004, when Mark Zuckerberg, then a sophomore at Harvard, created a social networking site called "Facemash." The site allowed users to compare the photos of two students and vote on which one was more attractive. The site became popular, but also generated controversy and was eventually shut down by the university. However, the experience inspired Zuckerberg to create a new social networking site, which would eventually become Facebook. In 2005, Zuckerberg dropped out of Harvard to focus on Facebook full-time. The site quickly gained popularity, and by 2006, it had expanded to become a global platform. In 2012, Facebook went public with an initial public offering (IPO) that raised $16 billion, making it one of the largest tech IPOs in history. Since then, Meta has continued to expand its reach through strategic acquisitions and investments. ## Key Information - **Revenue:** $117.9 billion (2021) - **Employees:** Over 80,000 (2022) - **Headquarters:** Menlo Park, California, USA - **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes - **Notable Acquisitions:** Instagram (2012), WhatsApp (2014), Oculus VR (2014) - **Awards and Recognition:** Fortune's Most Admired Companies (2020), Fast Company's Most Innovative Companies (2020) ## Significance Meta's impact on society and the economy cannot be overstated. The company has revolutionized the way people interact, communicate, and access information online. Its platforms have become an integral part of modern life, with billions of users worldwide. Meta's influence extends beyond its platforms, with its algorithms and data analytics capabilities shaping the way businesses and governments understand and interact with their audiences. However, Meta's success has also raised concerns about data privacy, misinformation, and the spread of hate speech. The company has faced numerous regulatory challenges and lawsuits, including a landmark antitrust lawsuit filed by the US Federal Trade Commission (FTC) in 2020. Despite these challenges, Meta remains one of the world's most influential and valuable companies, with a market capitalization of over $1 trillion. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Creating and operating Facebook, Instagram, and WhatsApp TAGS: Technology, Social Media, Online Platforms, Data Analytics, Artificial Intelligence, Antitrust Lawsuits, Data Privacy, Online Advertising.

Companies Encyclopedia Entry 1783560667

** Meta Platforms, Inc., commonly known as Meta, is an American multinational technology and online social media conglomerate. It is one of the world's largest and most influential technology companies, operating a range of platforms and services that have revolutionized the way people interact, communicate, and access information online. ## Overview Meta Platforms, Inc. was founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Initially, the company was called Facebook, Inc. and focused on developing a social networking platform that would allow users to create profiles, connect with friends, and share information with one another. Over the years, Facebook expanded its offerings to include a range of other products and services, including Instagram, WhatsApp, and Oculus VR. Today, Meta is a global technology leader with a diverse portfolio of platforms and services that cater to a wide range of users and industries. The company's mission is to give people the power to build community and bring the world closer together. Meta's platforms and services are used by billions of people around the world, making it one of the most influential and widely used technology companies in the world. ## History/Background Meta's history began in 2004, when Mark Zuckerberg created a social networking platform called "Facemash" while he was a sophomore at Harvard University. The platform allowed users to compare the photos of two students and vote on which one was more attractive. The site became popular, but also generated controversy and was eventually shut down by the university. Undeterred, Zuckerberg and his friends created a new platform called "Thefacebook," which was launched in February 2004. The platform quickly gained popularity, and by the end of the year, it had expanded to other colleges and universities across the United States. In 2012, Facebook acquired Instagram, a photo and video sharing platform, for $1 billion. The acquisition marked a significant expansion of Facebook's offerings and helped to establish the company as a major player in the social media space. In 2014, Facebook acquired WhatsApp, a messaging platform, for $19 billion. The acquisition marked a significant expansion of Facebook's messaging capabilities and helped to establish the company as a major player in the global messaging market. In 2021, Facebook rebranded itself as Meta Platforms, Inc. and expanded its offerings to include a range of other platforms and services, including Horizon Worlds, a virtual reality platform, and Novi, a digital wallet and payment system. ## Key Information * **Revenue:** $117.9 billion (2021) * **Net Income:** $29.1 billion (2021) * **Employees:** 83,853 (2021) * **Headquarters:** Menlo Park, California, USA * **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes * **Acquisitions:** Instagram (2012), WhatsApp (2014) * **Platforms:** Facebook, Instagram, WhatsApp, Oculus VR, Horizon Worlds, Novi ## Significance Meta's significance extends far beyond its financial success and technological innovations. The company has played a major role in shaping the way people interact, communicate, and access information online. Its platforms and services have revolutionized the way people connect with one another, share information, and access entertainment and educational content. Meta's impact on society is multifaceted and far-reaching. On the one hand, the company's platforms and services have provided a global stage for people to connect with one another, share their experiences, and access information and resources. On the other hand, the company's platforms and services have also raised concerns about issues such as online harassment, misinformation, and the spread of hate speech. In terms of its legacy, Meta is likely to continue to play a major role in shaping the future of technology and online communication. The company's commitment to innovation and its willingness to take risks have made it a leader in the development of new technologies and platforms. As the company continues to evolve and expand its offerings, it is likely to have a profound impact on the way people live, work, and interact with one another in the years to come. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media conglomerate - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Developing and operating a range of platforms and services that have revolutionized the way people interact, communicate, and access information online. TAGS: Technology, Social Media, Online Platforms, Innovation, Entrepreneurship, Leadership, Communication, Information, Entertainment, Education.

Companies Encyclopedia Entry 1781305806

** Meta Platforms, Inc., commonly known as Meta, is a multinational technology and online social media conglomerate that operates several prominent platforms, including Facebook, Instagram, and WhatsApp. ## Overview Meta Platforms, Inc. is a leading technology company that has revolutionized the way people interact, communicate, and access information online. The company's flagship platform, Facebook, was launched in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. Initially, Facebook was designed as a social networking site exclusively for Harvard students, but it quickly gained popularity and expanded to other colleges and universities. In 2006, Facebook opened up to anyone over 13 with a valid email address, marking a significant turning point in its growth. Over the years, Meta has expanded its portfolio of platforms and services to include Instagram, a photo and video-sharing app acquired in 2012, and WhatsApp, a messaging app acquired in 2014. Today, Meta's platforms have over 3.7 billion monthly active users, making it one of the largest and most influential technology companies in the world. ## History/Background Meta Platforms, Inc. was founded on October 28, 2003, as Thefacebook, Inc. by Mark Zuckerberg and his college roommates. The company's early success was fueled by its innovative approach to social networking and its ability to adapt to changing user behavior. In 2005, the company dropped "The" from its name and changed its name to Facebook, Inc. In 2012, Facebook acquired Instagram for $1 billion, expanding its reach into the visual storytelling space. Two years later, Facebook acquired WhatsApp for $19 billion, adding a messaging app to its portfolio. In 2021, Facebook, Inc. rebranded itself as Meta Platforms, Inc., reflecting its expanded focus on building the metaverse, a virtual reality world where people can interact, work, and play. The company's new name and mission signal a significant shift in its strategy, as it seeks to become a leader in the emerging field of virtual reality and augmented reality technology. ## Key Information * **Revenue:** $117.9 billion (2021) * **Net Income:** $29.1 billion (2021) * **Employees:** over 80,000 (2022) * **Platforms:** Facebook, Instagram, WhatsApp, Oculus VR * **Headquarters:** Menlo Park, California, USA * **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, Chris Hughes ## Significance Meta Platforms, Inc. has had a profound impact on modern society, transforming the way people communicate, access information, and interact with each other online. Its platforms have become an integral part of daily life, with billions of users relying on them for news, entertainment, and social connection. As a leader in the technology industry, Meta has also played a significant role in shaping the global economy, influencing the way businesses operate, and driving innovation in fields such as artificial intelligence, virtual reality, and e-commerce. However, Meta's influence has also raised concerns about data privacy, online harassment, and the spread of misinformation. The company has faced numerous regulatory challenges and public backlash over its handling of user data and its role in shaping public discourse. As Meta continues to evolve and expand its reach, it will be crucial for the company to balance its business goals with its social responsibility and commitment to protecting user well-being. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media conglomerate - **Date:** Founded on October 28, 2003 - **Location:** Menlo Park, California, USA - **Known For:** Building the metaverse and operating several prominent online platforms, including Facebook, Instagram, and WhatsApp TAGS: Meta, Facebook, Instagram, WhatsApp, Technology, Social Media, Online Platforms, Virtual Reality, Augmented Reality, Metaverse, Data Privacy, Online Harassment, Misinformation.

Companies Encyclopedia Entry 1778485222

** Meta Platforms, Inc., commonly known as Meta, is a multinational technology and online social media company that operates several well-known platforms, including Facebook, Instagram, and WhatsApp. ## Overview Meta Platforms, Inc. is a leading technology company that has revolutionized the way people interact, communicate, and share information online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown exponentially over the years to become one of the most influential and valuable companies in the world. Meta's mission is to give people the power to build community and bring the world closer together. Meta's early success was driven by the launch of Facebook, a social networking platform that quickly gained popularity among college students and eventually spread to become a global phenomenon. The company's subsequent acquisitions of Instagram in 2012 and WhatsApp in 2014 further expanded its reach and capabilities. Today, Meta operates a vast array of platforms, services, and technologies that enable people to connect, share, and interact with each other in new and innovative ways. ## History/Background Meta's history began in 2004 when Mark Zuckerberg, then a sophomore at Harvard, created a website called "Facemash" that allowed users to compare the photos of two students and vote on which one was more attractive. The site became popular, but also generated controversy and was eventually shut down by the university. Undeterred, Zuckerberg and his friends created a new site called "Thefacebook," which was initially intended for Harvard students only. The site quickly gained popularity, and within a month, it had attracted over 50,000 users. In 2005, Zuckerberg dropped out of Harvard to focus on Facebook full-time, and the company began to expand beyond the university. In 2012, Meta acquired Instagram, a photo and video sharing platform, for $1 billion. Two years later, the company acquired WhatsApp, a popular messaging app, for $19 billion. These acquisitions marked a significant shift in Meta's strategy, as the company began to focus on building a suite of platforms and services that enabled people to connect and interact with each other in new and innovative ways. ## Key Information * **Revenue:** $117.94 billion (2021) * **Net Income:** $39.37 billion (2021) * **Employees:** over 80,000 (2022) * **Headquarters:** Menlo Park, California, USA * **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, Chris Hughes * **Acquisitions:** Instagram (2012), WhatsApp (2014), Giphy (2020) * **Platforms:** Facebook, Instagram, WhatsApp, Oculus, Portal ## Significance Meta's impact on society and the economy cannot be overstated. The company's platforms have revolutionized the way people interact, communicate, and share information online. Facebook, in particular, has become an integral part of modern life, with over 2.7 billion monthly active users. Instagram and WhatsApp have also become essential tools for people around the world, enabling them to connect with each other and share their experiences in new and innovative ways. Meta's influence extends beyond its platforms, as the company has also become a major player in the technology industry. Its acquisition of Oculus, a virtual reality technology company, has enabled the development of new and innovative products that are changing the way people experience entertainment and education. The company's commitment to innovation and disruption has made it a leader in the industry, and its impact will be felt for years to come. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Revolutionizing the way people interact, communicate, and share information online TAGS: Technology, Social Media, Online Platforms, Facebook, Instagram, WhatsApp, Oculus, Virtual Reality, Innovation, Disruption.

Companies Encyclopedia Entry 1779805984

** This article provides an in-depth look at the history, key information, and significance of a prominent global company. **CONTENT** ### Overview **Company Name:** Meta Platforms, Inc. (previously Facebook, Inc.) Meta Platforms, Inc. is a multinational technology and online social media company that has revolutionized the way people connect, share, and interact with each other online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown to become one of the world's most influential and valuable companies. With a market capitalization of over $1 trillion, Meta Platforms, Inc. operates several leading platforms and services, including Facebook, Instagram, WhatsApp, and Oculus. Meta Platforms, Inc. has transformed the way people communicate, share information, and access online services. The company's platforms have become an integral part of modern life, with billions of users worldwide. The company's mission is to give people the power to build community and bring the world closer together. ### History/Background Meta Platforms, Inc. was founded on February 4, 2004, as a college project called "Facemash" by Mark Zuckerberg. The project was a success, and Zuckerberg was approached by his fellow students to create a social networking site exclusively for Harvard students. The site, called "Thefacebook," was launched in February 2004 and quickly gained popularity. In 2005, the company dropped "The" from its name and expanded to other colleges and universities. In 2012, Facebook acquired Instagram, a photo and video sharing platform, for $1 billion. The acquisition marked a significant expansion of Facebook's services and user base. In 2014, Facebook acquired WhatsApp, a messaging app, for $19 billion. The acquisition further solidified Facebook's position as a leading player in the online communication space. In 2021, Facebook rebranded itself as Meta Platforms, Inc. to reflect its expanded scope and services. The company's new name reflects its commitment to building a metaverse, a virtual world where people can interact, play, and create content. ### Key Information * **Revenue:** $117.93 billion (2021) * **Market Capitalization:** over $1 trillion * **Employees:** over 80,000 * **Headquarters:** Menlo Park, California, USA * **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes * **Platforms:** Facebook, Instagram, WhatsApp, Oculus Meta Platforms, Inc. has faced several challenges and controversies over the years, including concerns over data privacy, misinformation, and online harassment. However, the company has also made significant contributions to online safety, digital literacy, and social responsibility. ### Significance Meta Platforms, Inc. has had a profound impact on modern society and the way people interact online. The company's platforms have enabled billions of people to connect, share, and access information, transforming the way we communicate, work, and live. The company's commitment to innovation, user experience, and social responsibility has made it a leader in the technology industry. Meta Platforms, Inc. has also created new opportunities for businesses, creators, and entrepreneurs, enabling them to reach and engage with global audiences. The company's platforms have become an essential part of modern life, and its impact will continue to shape the future of online communication and interaction. **INFOBOX:** - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded on February 4, 2004 - **Location:** Menlo Park, California, USA - **Known For:** Creating leading online platforms, including Facebook, Instagram, WhatsApp, and Oculus **TAGS:** Technology, Social Media, Online Platforms, Digital Communication, Innovation, Entrepreneurship, Business, Finance

Companies Encyclopedia Entry 1783716187

** Meta Platforms, Inc., formerly known as Facebook, Inc., is a multinational technology and online social media company that operates several popular platforms, including Facebook, Instagram, and WhatsApp. ## Overview Meta Platforms, Inc. is a leading technology company that has revolutionized the way people communicate, share information, and interact with each other online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown exponentially over the years to become one of the largest and most influential technology companies in the world. Meta Platforms, Inc. is headquartered in Menlo Park, California, and has a significant presence in various countries around the globe. The company's flagship product, Facebook, was launched in 2004 and quickly gained popularity as a social networking platform. Over time, Meta Platforms, Inc. expanded its offerings to include Instagram, a photo and video-sharing platform acquired in 2012, and WhatsApp, a messaging app acquired in 2014. Today, Meta Platforms, Inc. operates a diverse range of platforms and services, including Facebook, Instagram, WhatsApp, Oculus VR, and Portal, among others. ## History/Background Meta Platforms, Inc. was founded in February 2004 by Mark Zuckerberg, then a sophomore at Harvard University. Initially, the company was called "Thefacebook" and was intended as a social networking platform for Harvard students. However, the platform quickly gained popularity, and by the end of 2004, it had expanded to other colleges and universities in the United States. In 2005, the company dropped "The" from its name and became Facebook, Inc. In 2012, Facebook, Inc. acquired Instagram, a photo and video-sharing platform founded by Kevin Systrom and Mike Krieger, for $1 billion. The acquisition marked a significant expansion of Facebook's offerings and helped the company to tap into the growing demand for visual content online. In 2014, Facebook, Inc. acquired WhatsApp, a messaging app founded by Jan Koum and Brian Acton, for $19 billion. The acquisition marked a significant shift in Facebook's focus towards messaging and online communication. ## Key Information * **Revenue:** Meta Platforms, Inc. generated $117.9 billion in revenue in 2021, up from $85.9 billion in 2020. * **Market Capitalization:** The company's market capitalization is over $1 trillion, making it one of the largest publicly traded companies in the world. * **Employees:** Meta Platforms, Inc. has over 83,000 employees worldwide, making it one of the largest employers in the technology industry. * **Platforms:** The company operates several popular platforms, including Facebook, Instagram, WhatsApp, Oculus VR, and Portal, among others. * **Acquisitions:** Meta Platforms, Inc. has made several significant acquisitions, including Instagram (2012) and WhatsApp (2014). ## Significance Meta Platforms, Inc. has had a significant impact on the way people communicate, share information, and interact with each other online. The company's platforms have become an integral part of modern life, with billions of users around the world. Meta Platforms, Inc. has also played a significant role in shaping the global technology industry, with its innovative products and services driving growth and innovation in the sector. However, the company has also faced significant challenges and controversies over the years, including concerns over data privacy, misinformation, and the spread of hate speech on its platforms. In response to these challenges, Meta Platforms, Inc. has implemented various measures to improve the safety and security of its platforms, including the introduction of new policies and technologies to detect and remove harmful content. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded in 2004 - **Location:** Menlo Park, California - **Known For:** Operating several popular platforms, including Facebook, Instagram, and WhatsApp TAGS: Technology, Social Media, Online Platforms, Facebook, Instagram, WhatsApp, Oculus VR, Portal, Data Privacy, Misinformation, Hate Speech.

Companies Encyclopedia Entry 1783738926

** Meta Platforms, Inc., commonly known as Meta, is an American multinational technology and online social media conglomerate that operates several popular platforms, including Facebook, Instagram, and WhatsApp. ## Overview Meta Platforms, Inc. is a leading technology company that has revolutionized the way people interact and share information online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown exponentially over the years to become one of the largest and most influential technology companies in the world. Meta's primary focus is on developing and operating social media platforms, online marketplaces, and other digital services that cater to a vast and diverse user base. Meta's early success can be attributed to the launch of Facebook in 2004, which quickly gained popularity among college students and eventually spread to the general public. The company's subsequent acquisitions of Instagram in 2012 and WhatsApp in 2014 further expanded its reach and user base. Today, Meta operates a vast array of platforms and services, including Facebook, Instagram, WhatsApp, Oculus VR, and Portal, among others. ## History/Background Meta Platforms, Inc. was founded on February 4, 2004, as Facebook, Inc. The company's early days were marked by rapid growth and expansion, with Facebook quickly becoming one of the most popular social media platforms in the world. In 2011, Facebook filed for an initial public offering (IPO) and raised $16 billion, making it one of the largest IPOs in history. The company's subsequent acquisitions of Instagram and WhatsApp further solidified its position as a leading technology company. In 2019, Facebook, Inc. rebranded itself as Meta Platforms, Inc. to reflect its expanded focus on virtual reality, artificial intelligence, and other emerging technologies. The company's rebranding effort was accompanied by a significant shift in its business strategy, with a greater emphasis on developing and investing in new technologies and services. ## Key Information - **Revenue:** $117.92 billion (2021) - **Net Income:** $29.15 billion (2021) - **Employees:** Over 80,000 (2022) - **Headquarters:** Menlo Park, California, USA - **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, Chris Hughes - **Acquisitions:** Instagram (2012), WhatsApp (2014), Oculus VR (2014) ## Significance Meta Platforms, Inc. has had a profound impact on modern society, transforming the way people interact, communicate, and share information online. The company's social media platforms have become an integral part of daily life, with billions of users worldwide relying on them for news, entertainment, and social connection. Meta's investments in emerging technologies, such as virtual reality and artificial intelligence, have also paved the way for new innovations and applications. However, Meta has also faced significant challenges and controversies over the years, including concerns over data privacy, misinformation, and the spread of hate speech on its platforms. The company has faced numerous lawsuits and regulatory scrutiny, with some critics calling for greater accountability and oversight. INFOBOX: - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media conglomerate - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Developing and operating popular social media platforms, including Facebook, Instagram, and WhatsApp TAGS: Technology, Social Media, Online Platforms, Virtual Reality, Artificial Intelligence, Data Privacy, Misinformation, Hate Speech, Regulation.

Companies Encyclopedia Entry 1783718467

** This comprehensive encyclopedia entry provides an in-depth look at the history, key information, and significance of a prominent company. **CONTENT:** ### Overview **Company Name:** Meta Platforms, Inc. (previously Facebook, Inc.) Meta Platforms, Inc. is a multinational technology and online social media company that has revolutionized the way people interact, communicate, and access information online. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown to become one of the largest and most influential technology companies in the world. Meta Platforms, Inc. is headquartered in Menlo Park, California, and its primary products include Facebook, Instagram, and WhatsApp. The company's mission is to give people the power to build community and bring the world closer together. With over 3 billion monthly active users across its platforms, Meta Platforms, Inc. has become an integral part of modern life, shaping the way people interact, share information, and access entertainment. ### History/Background Meta Platforms, Inc. was founded on February 4, 2004, as Thefacebook, a social networking platform exclusively for Harvard University students. The site quickly gained popularity, and within a month, it expanded to other colleges and universities in the United States. In 2005, the company dropped "The" from its name and became Facebook, Inc. In 2012, Facebook acquired Instagram, a photo and video sharing platform, for $1 billion. Two years later, the company acquired WhatsApp, a messaging app, for $19 billion. In 2021, Facebook, Inc. rebranded itself as Meta Platforms, Inc., reflecting its expanded focus on virtual reality and the metaverse. The company's name change was seen as a strategic move to position itself for future growth and innovation in the emerging field of virtual reality. ### Key Information - **Revenue:** $117.9 billion (2021) - **Employees:** over 80,000 (2022) - **Products:** Facebook, Instagram, WhatsApp, Oculus VR - **Headquarters:** Menlo Park, California, USA - **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, Chris Hughes - **IPO:** May 18, 2012 - **Stock Symbol:** NASDAQ: META Meta Platforms, Inc. has made significant contributions to the technology industry, including the development of innovative products and services that have transformed the way people interact and access information online. The company's commitment to innovation and its focus on building a more connected and inclusive world have made it a leader in the technology industry. ### Significance Meta Platforms, Inc. has had a profound impact on modern society, shaping the way people interact, communicate, and access information online. The company's products have become an integral part of modern life, and its influence extends beyond the technology industry to affect culture, politics, and society as a whole. The company's commitment to innovation and its focus on building a more connected and inclusive world have made it a leader in the technology industry. Meta Platforms, Inc.'s significance extends beyond its products and services to its impact on modern society, and its legacy will continue to shape the way people interact and access information online for generations to come. **INFOBOX:** - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded on February 4, 2004 - **Location:** Menlo Park, California, USA - **Known For:** Developing innovative products and services that have transformed the way people interact and access information online **TAGS:** Technology, Social Media, Online Platforms, Innovation, Virtual Reality, Metaverse, Facebook, Instagram, WhatsApp, Oculus VR.

Companies Encyclopedia Entry 1778159358

** This comprehensive encyclopedia entry provides an in-depth look at the history, key information, and significance of a prominent company in the global market. **CONTENT** ### Overview **Company Name:** Meta Platforms, Inc. (previously Facebook, Inc.) Meta Platforms, Inc., commonly referred to as Meta, is a multinational technology and online social media company that has revolutionized the way people interact, share information, and access various online services. Founded in 2004 by Mark Zuckerberg, along with his college roommates and fellow Harvard University students Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes, the company has grown exponentially to become one of the world's largest and most influential technology companies. Meta's primary focus is on developing and operating a range of innovative products and services, including Facebook, Instagram, WhatsApp, and Oculus VR. These platforms have transformed the way people communicate, share content, and access information, with over 3.7 billion monthly active users across its various services. ### History/Background Meta's journey began in 2003 when Mark Zuckerberg created a website called "Facemash" that allowed users to compare the photos of two students and vote on which one was more attractive. The site became popular, but also generated controversy and was eventually shut down by the university. Undeterred, Zuckerberg and his friends decided to create a new website that would allow Harvard students to create their own profiles and connect with each other. This website, initially called "Thefacebook," was launched in February 2004 and quickly gained popularity among Harvard students. In the following months, the site expanded to other colleges and universities, and by the end of 2004, it had become a national phenomenon. In 2005, the company dropped "The" from its name and became simply "Facebook." Over the next decade, Facebook expanded its services to include features such as news feeds, messaging, and advertising, which helped the company grow rapidly and become one of the world's largest and most influential technology companies. In 2012, Facebook acquired Instagram, a photo and video sharing app, for $1 billion, and in 2014, it acquired WhatsApp, a messaging app, for $19 billion. In 2021, the company rebranded itself as Meta Platforms, Inc. and expanded its focus to include virtual reality (VR) and augmented reality (AR) technologies through its Oculus VR subsidiary. ### Key Information - **Founders:** Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes - **Headquarters:** Menlo Park, California, USA - **Revenue:** $117.9 billion (2021) - **Employees:** over 80,000 (2022) - **Products:** Facebook, Instagram, WhatsApp, Oculus VR - **Acquisitions:** Instagram (2012), WhatsApp (2014), Giphy (2020) ### Significance Meta's impact on modern society cannot be overstated. The company's social media platforms have revolutionized the way people interact, share information, and access various online services. With over 3.7 billion monthly active users, Meta's platforms have become an integral part of daily life for people around the world. However, Meta's rise to prominence has also raised concerns about data privacy, online harassment, and the spread of misinformation. The company has faced numerous regulatory challenges and lawsuits over the years, including a landmark antitrust lawsuit filed by the US Federal Trade Commission (FTC) in 2020. Despite these challenges, Meta remains one of the world's largest and most influential technology companies, with a market capitalization of over $1 trillion. Its innovative products and services have transformed the way people live, work, and interact with each other, and its legacy will continue to shape the future of technology and society for years to come. **INFOBOX:** - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Revolutionizing the way people interact, share information, and access various online services **TAGS:** Technology, Social Media, Online Platforms, Data Privacy, Antitrust, Regulation, Innovation, Virtual Reality, Augmented Reality.

Companies Encyclopedia Entry 1779761119