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Meta Platforms, Inc., [ 10] doing business as Meta, [ 11] and formerly named Facebook, Inc., and TheFacebook, Inc., [ 12][ 13] is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services. [ 14]
Facebook’s Net Worth. $279.95B. All information on 52-week range accurate as of Feb. 19, 2021. About Facebook. Headquarters. Menlo Park, Calif. Year Founded. 2004. CEO Mark Zuckerberg’s Net Worth.
Meta cruised past Wall Street forecasts for the fourth quarter of 2023, turning in a record $40.1 billion in top-line revenue as net income tripled. The strong results reflect a healthy rebound in ...
Facebook provides a development platform for many social gaming, communication, feedback, review, and other applications related to online activities. This platform spawned many businesses and added thousands of jobs to the global economy. Zynga Inc., a leader in social gaming, is an example of such a business.
Its PE ratio was 85, despite a decline in both earnings and revenue in the first quarter of 2012. [26] A number of commentators argued retrospectively that Facebook had been heavily overvalued because of an illiquid private market on SecondMarket, where trades of stock were minimal and thus pricing unstable. Facebook's aggregate valuation went ...
Facebook parent Meta on Wednesday posted sharply higher earnings for the third quarter, boosted by an increase in advertising revenue and lower expenses after it laid off thousands of workers. The ...
In early 2012, Facebook disclosed that its profits had jumped 65% to $1 billion in the previous year when its revenue, which is mainly from advertising, had jumped almost 90% to $3.71 billion. [87] Facebook also reported that 56% of its advertising revenue comes from the United States alone, and that 12% of its revenue comes from Zynga , the ...
Meta, the social giant formerly known as Facebook, beat Wall Street estimates for earnings in the first quarter of 2022 — but fell short on the revenue front, as it reported its slowest top-line ...