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§ Public · Menlo Park, CA, USA
Meta Platforms (NASDAQ: META). Facebook, Instagram, WhatsApp, Messenger, Reality Labs. $164.5B FY2024 revenue. 3.3B daily active users.
Meta Platforms (NASDAQ: META) is the world's largest social media company, operating Facebook, Instagram, WhatsApp, Messenger, and Threads with a combined 3.35 billion daily active users. The company generated $164.5 billion in revenue in FY2024 with a market capitalization of approximately $1.7 trillion.
Founded by Mark Zuckerberg in 2004 and rebranded from Facebook to Meta in October 2021, the company operates two divisions: Family of Apps (social platforms + advertising) and Reality Labs (Quest VR headsets, Ray-Ban Meta smart glasses, and upcoming hardware including the Malibu 2 smartwatch). Meta is one of the largest investors in AI infrastructure globally, with $35B+ planned capex for 2025.
Meta has raised $314.0M across 5 funding rounds.
Key people at Meta.
Meta Platforms (NASDAQ: META) is the world's largest social media company, operating Facebook, Instagram, WhatsApp, Messenger, and Threads with 3.35B daily active users.
Meta generated $164.5B in revenue in FY2024, primarily from advertising across its Family of Apps.
Meta makes Quest VR headsets, Ray-Ban Meta smart glasses (~6M shipped in 2025), and is developing the Malibu 2 smartwatch and Orion AR glasses.
Meta develops the open-source Llama LLM family and Meta AI assistant, with $35B+ planned AI infrastructure capex for 2025.
Facebook rebranded to Meta Platforms in October 2021, signaling a strategic shift toward the metaverse and AR/VR.
Meta Platforms (NASDAQ: META) is the world's largest social media company, operating Facebook, Instagram, WhatsApp, Messenger, and Threads with 3.35B daily active users.
Meta generated $164.5B in revenue in FY2024, primarily from advertising across its Family of Apps.
Meta makes Quest VR headsets, Ray-Ban Meta smart glasses (~6M shipped in 2025), and is developing the Malibu 2 smartwatch and Orion AR glasses.
Meta develops the open-source Llama LLM family and Meta AI assistant, with $35B+ planned AI infrastructure capex for 2025.
Facebook rebranded to Meta Platforms in October 2021, signaling a strategic shift toward the metaverse and AR/VR.
Meta Platforms operates the world's largest social media ecosystem:
Meta is one of the largest AI investors globally:
| Target | Year | Price | Impact |
|---|---|---|---|
| 2012 | $1B | Now 2B+ MAU, major revenue driver | |
| 2014 | $19B | 2B+ users, business messaging platform | |
| Oculus VR | 2014 | $2B | Foundation of Reality Labs division |
Meta's hardware strategy is entering its most aggressive phase. The success of Ray-Ban Meta glasses (~6M units in 2025) validated consumer appetite for AI-powered wearables. Now the company is expanding with:
This puts Meta in direct competition with [Apple](https://startupintros.com/orgs/apple) (which is developing [three AI wearables](https://startupintros.com/news/2026-02-19-wearables-arms-race)) and [OpenAI](https://startupintros.com/orgs/openai) + [Jony Ive](https://startupintros.com/people/jony-ive)'s [LoveFrom](https://startupintros.com/orgs/lovefrom) (building a dedicated AI hardware device).
Meta has raised $314.0M across 5 funding rounds. Most recently, it raised $50.0M Series B in June 2016.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Jun 13, 2016 | $50M Series B | — | BIN YUE, Michael Yang, Gaingels, Horizons Ventures, Lenovo, Tencent Holdings | Announced |
| Jan 29, 2015 | $23M Series A | BOE Optoelectronics, Horizon Ventures | TIM Draper, Danhua Capital, Tony Hsieh, Garry TAN | Announced |
| May 1, 2009 | $200M Series D | — | DST Global | Announced |
| Mar 1, 2006 | $28M Series B | — | Accel, Greylock, Meritech Capital Partners | Announced |
| Apr 1, 2005 | $13M Series A | — | Accel, Rocketship.vc | Announced |
Key people at Meta.
