Meta Platforms

Social media and digital advertising, US$215.0bn sales

Overview

Meta Platforms operates Facebook, Instagram, Messenger and WhatsApp through its Family of Apps segment, which earns almost all of the group’s revenue from advertising. Its Reality Labs segment develops augmented-, mixed- and virtual-reality hardware, software and content.[2] Mark Zuckerberg, who founded the company with four co-founders in February 2004, remains chief executive.[2] Like Alphabet, Meta is classified by Forbes under IT software and services rather than media.[2] Its sales rose about 31% between the two datasets, faster than either Apple or Alphabet.

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