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Meta Platforms shares are listed on the New York Nasdaq market under the ticker FB.
ISIN code: US30303M1027
Sector: Technological services
Industry: Internet software/services
See the stock's listing history on the Nasdaq
Company Description
Meta Platforms, Inc. (or simply Meta), is an internet software and technology services company. It deals with the creation of products that allow people to connect and share content through devices and platforms connected to the network. The main products of Facebook Inc include: the social media Facebook, which allows people to connect, share, discover and communicate with each other on various devices. Instagram, a social networking service that allows users to take pictures and share them via the Internet. Facebook messenger and WhatsApp, which are instant messaging platforms used all over the world. Oculus, a virtual reality viewer and through its platform allows you to play games, watch content and connect with others.
Until October 2021, the company was called simply Facebook Inc, from the name of its most famous social network. It assumed the new name effective October 28, 2021.
Economic and financial analysis of the company
Facebook Inc. is an American company founded in 2004 by Mark Zuckerberg, Eduardo Saverin, Andrew McCollum, Dustin Moskovitz e Chris Hughes. It deals and controls social network services including Facebook, Instagram, Whatsapp, Messenger and develop virtual reality through Oculus.
The Facebook group over the years has released several applications and services usable through a web browser or downloadable on various platforms such as Microsoft Store, Apple App Store and Google Play Store.
Among the best known we find:
- Facebook Messenger: an instant messaging service available either on the Facebook interface or downloadable separately from the App Store for iOS, the Play Store for Android and the Microsoft Store for Windows 10.
- FacebookGaming: an area of the social network dedicated to video games and sharing clips and game sessions; available from browser or downloadable separately on iOS and Android.
- FacebookWatch: an area of the social network that collects videos posted by users, music videos and on-demand programs; available in browser or downloadable separately on Android TV, Amazon Fire TV and Windows 10 PC (via Microsoft Store).
- Facebook Marketplace: an area of the social network dedicated to the purchase and sale of objects. Available from web browsers and from the main Facebook application for iOS and Android.
- IGTV or Instagram TV: an Instagram service where users can share videos with the possibility of inserting a preview that links to IGTV.
- Instagram shop: section of Instragram dedicated to buying and selling items, available from the main Instagram application for iOS and Android, but not from a PC web browser.
- WhatsAppBusiness: version of the instant messaging client designed for companies, with the possibility of also associating a landline telephone number. In March 2012, however, it launched its online store.
The Facebook group is best known for its social media even though the company does many other businesses. Particularly active in the online sector, in the last decade it has acquired a large number of third-party companies, for a total amount approaching 23 billion dollars. In August 2010, he bought 19 patents from Friendster. The best known and most interesting companies acquired are certainly Instagram, acquired in 2012 for 1 billion dollars; WhatsApp, which joined the group in 2014 for $19 billion ($15 billion of which in shares); Oculus, virtual reality system, taken in 2014 for 2 billion dollars; but the list is much longer. Over the years, in fact, companies operating in different sectors have been acquired and have allowed Facebook to become the colossus we all know. In May 2020, Facebook announced that it had acquired Giphy for 400 million dollars. The product will be integrated into Instagram. Also in 2020, Facebook bought the service Mapillary, a service for sharing geotagged photos, from the Swedish company of the same name and holds a 9,99% stake in the Indian telephone company Jio Platforms.
In October 2007, Microsoft bought a 1,6% stake for $240 million and a group of Russian investors bought a 2% stake for $200 million. Included in the purchase agreement was Microsoft's right to place banner ads on the site. On October 2, 2008, the company announces that it will establish an international office in Dublin, Ireland to cover the European and African markets. After a few days, however, he decides to open an office in Paris, France as well. In September 2009, the announcement came that Facebook's budget was positive for the first time. In November 2010, according to the securities trading platform SecondMarket, Inc. a private sale of Facebook shares estimated the total value at 41 billion dollars, making it the third largest website after Google and Amazon. On January 3, 2011 estimating the total value of Facebook at $50 billion, Goldman Sanchs invested $450 million in Facebook. In the same period, Facebook Inc. moved its headquarters from Palo Alto to Menlo Park, in the former offices of Sun Microsystems. Also in the same year, a short interactive horror film called "Take this Lollipop" was created especially for the site in order to raise awareness about privacy and personal data management.
Facebook is entered the stock exchange on May 18, 2012 at a traded price of $38 a share, raising the total value of the enterprise to $104 billion. This was the highest public debut ever by a company. Facebook shares have always aroused great enthusiasm. The company has always had the ability to improve its results year after year and the profits are always as expected. The shares have grown year on year, with only rare declines. The all-time low was $18,08 in August 2012.
In September 2016 Facebook announced in a statement a partnership with the companies IBM, Google, Microsoft and Amazon for artificial intelligence for the benefit of citizens and society. It is a non-profit organization. In October 2016, it launched a paid social network for businesses called “Workplace by Facebook”.
From October 2018 to January 2019, it recorded one of the biggest drops in its history, recording downward sales estimates for the first time. The title thus lost 9,96%, burning 446 billion dollars in one day. Although competition from social media is high, Facebook maintains leadership in this sector. It has a high penetration capacity in almost all world markets. Facebook is a solid title that has consolidated its success through targeted purchases. In 2018, Facebook began producing a series of smart displays and video phones. Currently, after the plunge in March 2020 (reaching $160 per share), shares have experienced significant growth, reaching a price of $310 per share in April.
On October 28, 2021, the company officially changed its name to Meta Platforms Inc.. This change derives from Mark Zuckerberg's idea of inextricably linking his company to the future project of the Metaverse.
The latest news on Facebook
Facebook and Instagram down: problems logging in and loading the page. Here's what happened
The malfunction affects all Meta apps. Threads and Messenger are also down. Users kicked out of sessions without warning and unable to return. From 17,20 pm the services started working again. "Technical problem" they say from the company
New York sues TikTok, Facebook and YouTube: they damage the mental health of children and teenagers
According to the charges, Meta, Snap, ByteDance and Google knowingly built and marketed their social platforms to “attract, capture and addict young people”
It happened today: February 4, 2004, Facebook was born. 20 years of digital revolution between successes and scandals
On February 4, 2004, Mark Zuckerberg founded Facebook at Harvard, the first and longest-running social network, still used today by more than 3 billion people. Over the years, the platform has faced criticism for the invasion of privacy, the political use of personal data and the spread of numerous fake news, which have compromised its image. However, Meta remains one of the stars of Wall Street
The Spanish newspapers are suing Meta and asking for 550 million in compensation: here's why
According to 83 Spanish newspapers, Meta would have violated EU rules on the protection of personal data in a "massive" and "systematic way, taking advantage of it to attract advertising"
Paid Facebook and Instagram without advertising: here's how much they will cost and how it will work
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