Meta Platforms (META)
About Meta Platforms
What is Meta Platforms?
Meta Platforms is the parent company that owns Facebook. Founded in 2004 by Mark Zuckerberg, Facebook began as a small social network for college students studying at Harvard. Fast forward to today, the company has nearly 3 billion users worldwide and has acquired several big companies along the way including Instagram and Whatsapp.
In 2021 at its annual conference, the company, known as Facebook at the time, announced it was planning to change its name to Meta Platforms. This was to better align itself with its future, which CEO Zuckerberg claims is the metaverse.
How does Meta Platforms make money?
Advertising revenue is by far its largest source of income. Meta sells ads on its social networking websites, Facebook, Instagram, and WhatsApp, as well as on mobile applications.
Other revenue streams include data sharing, hardware and software, and virtual headsets through its Occulus brand
What is Meta Platforms’s best selling service?
While it earns money in multiple ways, ad sales are where the bulk of Facebook’s revenue comes from.
Businesses can buy advertising space on any of Meta’s social networking sites, both online and via apps. Advertising revenue has continued to increase year on year for the past five years and in 2021, the company made $114 billion in revenue from the service.
Who are the key executives at Meta Platforms?
Mark Zuckerberg is the current CEO of Meta Platforms. He has remained in that position since founding the company back in 2004.
Other notable executives include former British politician Nick Clegg. Here’s a list of other key executives at Meta Platforms.
- Mark Zuckerberg. Founder, Chairman & CEO
- Christopher K. Cox. Chief Product Officer
- David M. Wehner. Chief Strategy Officer
- Marne L. Levine. Chief Bus. Officer
- Susan J. Li. Chief Financial Officer
- Javier Olivan. Chief Operating Officer
- Susan Jannifer Simone Taylor. Chief Accounting Officer
- Andrew Bosworth. Chief Technology Officer
- Atish Banerjea. Chief Information Officer
- Deborah T. Crawford. VP of Investor Relations
- Nick Clegg, President, Global Affairs
Where can I buy shares in Meta Platforms?
You can buy Meta Platforms stock on a stock trading platform. These platforms are extremely simple to use but there are different options to suit your specific needs. If you are a first-time investor you might want to use a trading platform for beginners, while if you plan on doing a lot of trading from your phone, a stock trading app might be best.
Are there any other ways to invest in Meta Platforms?
The simplest way to invest in Meta Platforms is to buy shares through a stock broker. However, you can also invest through an ETF or a fund. The best ETFs allow you to invest in the stock market more generally rather than focus on one company.
Meta Platforms is part of the Nasdaq index, so you can invest in an ETF that tracks that index, or choose a Technology ETF that lets you own a basket of related stocks from the same industry.
More about the META price
What is the Meta Platforms stock price today?
The META stock price today is currently $111.41, as of November 2022. The price of Meta Platforms is down 66.82% in the past year. You can use the live Meta Platforms stock chart to track the NASDAQ:META price in real time above, or compare the Meta Platforms value today to its past performance using the Meta Platforms financials tab at the top of this page.
What is the 52-week low for Meta Platforms stock?
The 52-week low for Meta Platforms stock is $88.09. Meta stock is currently 26% above the 52-week low.
What is the 52-week high for Meta Platforms stock?
The 52-week high for Meta Platforms stock is $352.71. META stock is currently 66.59% below the 52-week high.
What is the stock forecast for Meta Platforms?
The average Meta Platforms stock forecast has a price target of $143.00 by the end of 2023. Meta Platforms’s latest financial results, the broader economic outlook, and the amount of competition in the industry all influence these forecasts.
It’s best to take analyst forecasts with a grain of salt but you can use their estimates to help you understand the weight of opinion about a stock.
More stock guides
Meta Platforms’s market capitalisation is $295 billion. This is calculated by multiplying the number of shares that have been issued by the current META share price. Another way of measuring this is enterprise value, which includes Meta Platforms’s debt obligations. Meta Platforms’s enterprise value is $281 billion.
META stock went public on 18 May, 2012 via an initial public offering. Its IPO was one of the most anticipated in history and its shares opened at $38.
META was trading under the ticker symbol FB at the time. Facebook began trading as META in October 2021.
Its CEO and founder, Mark Zuckerberg holds the most shares in Meta Platforms with a 16.8% stake in the company. In second place is The Vanguard Group with a 7% stake and third is Black Rock, with 6% of the company.
Other social networking platforms and online advertising businesses all compete with Meta Platforms. Here’s a selection of some of its biggest competitors.
- Google. Google is an online search engine and Metas biggest competitor in advertising.
- Twitter. Twitter is a popular social networking platform that Elon Musk recently bought.
- Byte Dance. Byte Dance is a Chinese company that owns Tik Tok.
No, Meta Platforms has never had a stock split.
Meta reports earnings four times per year at quarterly intervals. It reports in March, June, September, and December. Its annual earnings are released in December.
No, Meta Platforms does not pay a dividend.
It is estimated that Mark Zuckerberg makes between $6 million and $12 million per day. His earnings are tied to the rising and falling share price of Meta Platforms.
Recent Meta news
Latest Meta price analysis
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