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    Meta Platforms Inc (META)

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    Meta Platforms, Inc. operates with a mission to build community and bring the world closer together through its diverse range of products and services. The company reports its financial results in two segments: Family of Apps and Reality Labs. The Family of Apps segment includes Facebook, Instagram, Messenger, WhatsApp, and other services, generating substantially all of Meta's revenue through advertising placements . Reality Labs focuses on the development and sale of consumer hardware products, software, and content related to virtual, augmented, and mixed reality . Meta's strategic investments are directed towards artificial intelligence, the metaverse, its discovery engine, monetization of products and services, regulatory readiness, and enhancing developer efficiency .

    1. Family of Apps - Encompasses Facebook, Instagram, Messenger, WhatsApp, and other services, generating revenue primarily through advertising placements that allow marketers to reach users across various objectives.
      • Facebook - A social networking platform connecting users worldwide.
      • Instagram - A photo and video sharing social networking service.
      • Messenger - A messaging app and platform.
      • WhatsApp - A messaging and voice over IP service.
    2. Reality Labs - Develops and sells consumer hardware products, software, and content related to virtual, augmented, and mixed reality.
    NamePositionExternal RolesShort Bio

    Mark Zuckerberg

    ExecutiveBoard

    Founder, Chairman, and CEO

    None

    Founder of Meta, leading the company since 2004, overseeing its transformation into a global tech leader.

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    Andrew Bosworth

    Executive

    Chief Technology Officer

    None

    Heads technology development, focusing on virtual and augmented reality innovations.

    Christopher K. Cox

    Executive

    Chief Product Officer

    None

    Leads product development, enhancing engagement across Meta's apps.

    Javier Olivan

    Executive

    Chief Operating Officer

    None

    Oversees global operations, pivotal in Meta's international growth strategies.

    Nick Clegg

    Executive

    President of Global Affairs

    None

    Manages global affairs, previously served as Deputy Prime Minister of the UK.

    Susan Li

    Executive

    Chief Financial Officer

    None

    CFO of Meta, responsible for financial strategy and operations.

    Andrew W. Houston

    Board

    Independent Director

    CEO & Chairman of Dropbox, Inc.

    Brings leadership experience from Dropbox, focusing on collaboration technologies.

    Charlie Songhurst

    Board

    Independent Director

    Technology Investor

    Provides expertise in enterprise SaaS, AI, and deep tech, with a background in corporate strategy.

    Dana White

    Board

    Independent Director

    President & CEO of UFC

    Offers brand building and global business strategy expertise, leading UFC's global expansion.

    Hock E. Tan

    Board

    Independent Director

    President & CEO of Broadcom Inc.

    Provides technology and business development insights, with a focus on innovation.

    John Arnold

    Board

    Independent Director

    Co-founder & Co-chair of Arnold Ventures, Co-founder & Chairman of Grid United

    Brings investment and philanthropic expertise, focusing on systemic societal issues.

    John Elkann

    Board

    Independent Director

    CEO of Exor, Executive Chair of Ferrari and Stellantis, Founder of Lingotto

    Brings leadership and investment experience from his roles in major global companies.

    Marc L. Andreessen

    Board

    Independent Director

    Co-founder & General Partner at Andreessen Horowitz, Board Member at Coinbase and Samsara Inc.

    Offers insights from his venture capital and technology background, supporting Meta's strategic initiatives.

    Nancy Killefer

    Board

    Independent Director

    Director at Cardinal Health, Inc. and Certara, Inc.

    Offers expertise in finance and compliance, with a background in public and private sectors.

    Peggy Alford

    Board

    Independent Director

    Board Member at The Macerich Company

    Contributes financial and operational expertise from her roles at PayPal and other companies.

    Robert M. Kimmitt

    Board

    Lead Independent Director

    Senior International Counsel at WilmerHale

    Provides oversight on legal and regulatory issues, with extensive government and legal experience.

    Tony Xu

    Board

    Independent Director

    CEO & Chairman of DoorDash, Inc.

    Provides strategic insights from his experience leading DoorDash.

    Tracey T. Travis

    Board

    Independent Director

    Independent Director at Accenture plc

    Offers financial and operational expertise, with extensive experience in global business.

    1. With Reality Labs' operating losses expected to increase meaningfully year-over-year and no clear timeline provided for profitability, can you elaborate on when you anticipate reaching peak losses and what specific products or initiatives will drive returns in the next few years?

    2. You indicated significant capital expenditure growth in 2025 due to investments in AI infrastructure; how do you plan to balance these increased expenses with shareholder value, and what assurances can you provide that these investments will yield the expected returns?

    3. Despite Threads reaching 275 million monthly active users, you mentioned it won't be a meaningful driver of 2025 revenue; what is the long-term monetization strategy for Threads, and how do you justify continued investment without near-term revenue contributions?

    4. With the increase in average price per ad partly due to lower impression growth in Q3, are you concerned about stagnating impression growth, and what strategies are in place to drive both impression growth and advertiser value moving forward?

    5. Given your ongoing headcount investments in strategic areas like Generative AI and Reality Labs, how flexible is your overall headcount strategy in light of cost growth, and how are you ensuring that these investments provide measurable ROI rather than becoming cost centers?

    Program DetailsProgram 1
    Approval DateNovember 18, 2016
    End Date/DurationNo expiration date
    Total additional amount$50 billion
    Remaining authorization amount$51.28 billion
    DetailsAdditional authorization of $50 billion made in January 2024.
    NameStart DateEnd DateReason for Change
    Ernst & Young LLP2007 PresentCurrent auditor

    Notable M&A activity and strategic investments in the past 3 years.

    CompanyYearDetails

    Business Acquisitions (Q3 2023)

    2023

    Total cash consideration was $467 million, with $88 million allocated to intangible assets and $366 million to goodwill driven by expected synergies and potential monetization opportunities; acquisition costs were immaterial and expensed as incurred.

    Business Acquisitions (Q2 2023)

    2023

    Total cash consideration of $467 million was used for the acquisitions, allocating $99 million to intangible assets and $357 million to goodwill reflecting anticipated synergies and monetization opportunities, with immaterial acquisition-related costs expensed as incurred.

    Business Acquisitions (Q1 2023)

    2023

    Completed for $430 million in cash, with $88 million in intangible assets and $343 million in goodwill arising from expected synergies and monetization opportunities; financial results were consolidated from the acquisition dates and related costs were immaterial.

    Business Acquisitions (Q3 2022)

    2022

    Total cash consideration of $1.18 billion was allocated to $302 million in intangible assets, $1.10 billion in goodwill, and $223 million in net liabilities assumed, with goodwill reflecting expectations of synergies and monetization and acquisition costs expensed as incurred.

    Business Acquisitions (Q2 2022)

    2022

    Total cash consideration stood at $1.15 billion, with allocations of $291 million to intangible assets, $1.07 billion to goodwill, and $211 million to net liabilities assumed; expected synergies and monetization opportunities underpinned the goodwill, and acquisition costs were immaterial.

    Business Acquisitions (Q1 2022)

    2022

    Completed with a total cash consideration of $774 million, allocating $182 million to intangible assets, $759 million to goodwill, and assuming $167 million in net liabilities, with the goodwill justified by synergies from future growth and monetization opportunities, and acquisition costs being immaterial.

    No recent press releases or 8-K filings found for META.