Meta Platforms, Inc. is a multinational technology conglomerate that owns social media platforms that lets you connect with people worldwide, including your friends and family. As of March 2020, it has more than 2.8 billion monthly active users and was established by Mark Zuckerberg in 2004. Did you know that Instagram, WhatsApp, and Oculus are all owned by Facebook?
Meta Platforms, an American company, owns the social networking and online social media service Facebook. It was established in 2004 by Mark Zuckerberg and fellow Harvard College students and roommates Andrew McCollum, Dustin Moskovitz, Eduardo Saverin, and Chris Hughes.
Facebook Inc. Ownership:
This Tuesday, October 11, Facebook or Meta Platforms, Inc. closed at $128.51, down $5.33, or 3.98 percent, from its previous trading session. Looking back, Facebook | Meta lost 23.82 percent in the last four weeks. Its price of it has decreased by 60.31 percent in the past year. Trading Economics global macro models projections and analyst expectations lead us to believe that Facebook or Meta Platforms, Inc. will be trading at 129.45 by the end of this quarter and at 117.85 in a year.
Along with Alphabet, Apple, Amazon, and Microsoft, it is one of the Big Five information technology companies in the United States.
As it is a publicly listed company, it holds many owners. Facebook has a dual share structure; it includes Class A and Class B shares. Class A is for normal investors in the stock market while Class B includes primary shares of Mark Zuckerberg and insiders.
Here is a list of top shareholders:
|The Vanguard Group, Inc.||7.50%||171,134,178||$23,219,485,271|
|Fidelity Management & Research Co…||4.77%||108,845,496||$14,768,156,897|
|BlackRock Fund Advisors||4.41%||100,558,781||$13,643,815,406|
|SSgA Funds Management, Inc.||3.94%||89,882,589||$12,195,269,676|
|T. Rowe Price Associates, Inc. (I…||2.26%||51,634,675||$7,005,792,704|
Net Worth Or Revenue:
The company’s name is derived from the Facebook directories frequently distributed to American university students. After initially being restricted to Harvard students, membership gradually expanded to include students from other universities in North America and, since 2006, anyone over the age of 13. Facebook had 2.93 billion monthly active users as of July 2022 and ranked third globally among the most visited websites in July 2022. It was the mobile app with the most downloads in the 2010s.
According to the Celebrity Net Worth has a net worth of $528 Billion.
|Company Name||Meta Platforms, Inc. or Facebook Inc.|
|Total assets||$165.987 Billion|
|Net income||$39.370 Billion|
|Total equity||$138.245 Billion|
|Net Worth||$528 Billion ($0.528 trillion)|