Meta Platforms, Inc.

Offers social apps funded by ads and develops VR/AR hardware for the metaverse.

META | NDAQ

Overview

Corporate Details

ISIN(s):: N/A
LEI:
Country:: United States of America
Address:: 1 META WAY, 94025 MENLO PARK
Website:: https://www.meta.com/
Sector:: Mining and quarrying
Industry:: Extraction of natural gas

Description

Meta Platforms, Inc. is a multinational technology conglomerate that develops social connection technologies. The company's core business revolves around its Family of Apps segment, which includes globally recognized social media and messaging platforms such as Facebook, Instagram, WhatsApp, Messenger, and Threads. Revenue is primarily generated through the sale of advertising placements to marketers. A secondary focus is the Reality Labs segment, which is dedicated to building the metaverse through the development and sale of consumer hardware, software, and content. Key products in this division include Meta Quest virtual reality headsets and Ray-Ban Meta smart glasses. Originally founded as Facebook in 2004, the company rebranded in 2021 to reflect its long-term vision of building the next evolution in social technology.

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Insider Transactions

Date	Insider Name	Position	Type	Shares	Value
No insider transactions recorded for this company.

Peer Companies

Company	Country	Ticker
abrdn Asian Income Fund Limited An investment trust providing income and growth from a diversified portfolio of Asia-Pacific securities.	Jersey	AAIF
ABRDN AUSTRALIA EQUITY FUND, INC. A closed-end fund investing in Australian equities for long-term capital growth and distributions.	United States of America	IAF
abrdn Emerging Markets ex-China Fund, Inc. Invests in a diverse portfolio of emerging market equities, excluding China, for long-term growth.	United States of America	AEF
abrdn Global Dynamic Dividend Fund A global equity fund for income-focused investors, seeking high dividends and long-term growth.	United States of America	AGD
ABRDN GLOBAL INCOME FUND, INC. A closed-end fund providing high income from a global portfolio of fixed-income securities.	United States of America	FCO
abrdn Global Infrastructure Income Fund A fund providing income and total return from global public and private infrastructure assets.	United States of America	ASGI
abrdn Gold ETF Trust An ETF offering investors exposure to gold's price by holding physical bullion.	United States of America	SGOL
abrdn Income Credit Strategies Fund A closed-end fund seeking high income by investing in a global portfolio of credit securities.	United States of America	ACP
ABRDN JAPAN EQUITY FUND, INC. A closed-end fund investing in a quality portfolio of Japanese equities for long-term growth.	United States of America	JEQ
abrdn Life Sciences Investors Invests in global public and private life sciences companies for long-term capital appreciation.	United States of America	HQL