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Companies Encyclopedia Entry 1780883765

** This article provides an in-depth look at the history, key information, and significance of a prominent company, highlighting its achievements and impact on the industry. **CONTENT** ### Overview **Company Name:** Meta Platforms, 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, 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, Meta has grown to become one of the world's largest and most influential technology companies. Meta's primary focus is on developing and operating online platforms and services that enable users to share information, connect with others, and access a vast array of content. The company's flagship products include Facebook, Instagram, and WhatsApp, which have become an integral part of modern life. With over 2.7 billion monthly active users across its platforms, Meta has become a dominant force in the digital landscape. ### History/Background Meta's origins date back to 2003 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. Undeterred, Zuckerberg and his friends decided to create a new website called "Thefacebook," which was launched in February 2004. The site quickly gained popularity, and by the end of the year, it had expanded to other colleges and universities. In 2005, the company dropped "The" from its name and became simply "Facebook." In the following years, Facebook expanded rapidly, and in 2012, the company went public with an initial public offering (IPO) that raised $16 billion. This marked a significant milestone in the company's history and cemented its position as a leading technology company. ### Key Information **Key Facts:** * Founded: 2004 * Headquarters: Menlo Park, California, USA * CEO: Mark Zuckerberg * Revenue: $85.9 billion (2021) * Employees: over 80,000 * Platforms: Facebook, Instagram, WhatsApp, Oculus, and more **Achievements:** * Most followed company on Facebook (over 100 million followers) * Largest social media platform in the world (over 2.7 billion monthly active users) * First company to reach a market capitalization of over $1 trillion * Developed several innovative technologies, including the "Like" button and the News Feed algorithm ### Significance Meta's impact on society and the economy cannot be overstated. The company has revolutionized the way people communicate, access information, and connect with others. Its platforms have become an integral part of modern life, with billions of people using them every day. Meta's influence extends beyond its platforms, with the company playing a significant role in shaping the global economy. Its market capitalization of over $1 trillion makes it one of the largest companies in the world, and its revenue of over $85 billion in 2021 makes it one of the largest generators of revenue in the world. **INFOBOX** - **Name:** Meta Platforms, Inc. - **Type:** Technology and online social media company - **Date:** Founded in 2004 - **Location:** Menlo Park, California, USA - **Known For:** Developing and operating online platforms and services that enable users to share information, connect with others, and access a vast array of content. **TAGS:** Technology, Social Media, Online Platforms, Facebook, Instagram, WhatsApp, Mark Zuckerberg, IPO, Market Capitalization, Revenue, Employees, Platforms.