One of the biggest and most well-known tech companies in the world is Meta (formerly Facebook). According to Meta, the phrase “metaverse” describes the connected environment that connects all of the company’s goods and services. The company has also made forays into non-VR hardware, such as the now-discontinued Meta Portal line of smart displays, and it currently collaborates with Luxottica on the Ray-Ban Stories line of smart glasses.ĭespite forays into hardware, the company continues to rely heavily on advertising, which in 2022 accounted for 97.5 percent of its revenue. People can connect with friends, family, groups, and businesses using Messenger across platforms and devices. Instagram enables users to connect with and purchase from businesses and creators, as well as express themselves through photos, videos, and private messages. On computers and mobile devices, Facebook allows users to connect, share, and communicate with one another. Consumer hardware, software, and content related to augmented and virtual reality are included in the FRL segment. Family of Apps (FoA) and Facebook Reality Labs (FRL) are two of its segments.įacebook, Instagram, Messenger, WhatsApp, and other services are included in the FoA segment. The goal of Meta Platforms Inc., formerly known as Facebook, Inc., is to create products that let users share and connect via mobile devices, personal computers, virtual reality headsets, and in-home gadgets. One of the most valuable companies in the world, Meta is also one of the top ten largest American publicly traded companies.Īlong with Google’s parent company Alphabet, Amazon, Apple, and Microsoft, it is regarded as one of the Big Five American technology companies. and The Facebook, Inc., is based in Menlo Park, California.Īmong other products and services, the company owns and runs Facebook, Instagram, Threads, and WhatsApp. The American multinational technology conglomerate Meta Platforms, Inc., also known as Meta and formerly known as Facebook, Inc.
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