704 Followers USX:FB - Meta Platforms Inc. Meta Platforms Inc.
Sector: Communication Services, Industry: Interactive Media & Services
Next Earnings: 25 Jan 2022
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USD 333.12    -7.940 (-2.33%)
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26 Nov 2021


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General

CEO: Mr. Mark Elliot Zuckerberg

IPO: 2012-05-18

Headquarters: US

Employees: 68,177

Homepage

Description

Meta Platforms Inc, formerly Facebook is the world's largest online social network, with 2.5 billion monthly active users. Users engage with each other by exchanging messages and sharing news events, photos, and videos. On the video side, the firm is in the process of building a library of premium content and monetizing it via ads or subscription revenue. Facebook refers to this as Facebook Watch. Its ecosystem consists mainly of the Facebook app, Instagram, Messenger, WhatsApp, and many features surrounding these products. Users can access Facebook on mobile devices and desktops. Advertising revenue represents more than 90% of the firm's total revenue, with 50% coming from the U.S. and Canada and 25% from Europe. With gross margins above 80%, Facebook operates at a 30%-plus margin.