Meta Platforms Inc. ["Meta"]

URL https://Persagen.com/docs/meta_platforms_inc.html
Sources Persagen.com  |  Wikipedia  |  other sources (cited in situ)
Source URL https://en.wikipedia.org/wiki/Meta,_Inc.
Date published 2021-10-28
Curation date 2021-10-28
Curator Dr. Victoria A. Stuart, Ph.D.
Modified
Editorial practice Refer here  |  Date format: yyyy-mm-dd
Summary Meta Platforms, Inc. - formerly known as Facebook, Inc. until 2021-10-28 - is an American multinational technology conglomerate holding company based in Menlo Park, California. It is the parent organization of Facebook and its subsidiaries. It is one of the world's most valuable companies and is considered one of the Big Five companies in U.S. information technology, alongside Amazon.com,   Alphabet  [subsidiary: Google],   Apple, and Microsoft.
Self-reported
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Meta Platforms Inc. ["Meta"]
meta_platforms_inc-logo.pngbotanical_beach.jpg
Logo since 2021-10-28.
 
Corporate Information
 
Name Meta Platforms Inc.
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Type VALUE
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Political position Right-wing to far-right
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Website About.Facebook.com
Contents

  • This article is a stub [additional content pending ...].

  • Background

    Meta Platforms, Inc., - formerly known as Facebook, Inc. until October 28, 2021-10-28 - is an American multinational technology conglomerate holding company based in Menlo Park, California. It is the parent organization of Facebook and its subsidiaries. It is one of the world's most valuable companies and is considered one of the Big Five [Big Tech] companies in U.S. information technology, alongside Amazon.com,   Alphabet  [subsidiary: Google],   Apple, and Microsoft. Meta, Inc. generates the vast majority of its revenue by selling advertisement placements to marketers.

    Meta, Inc. offers other products and services, including Facebook Messenger,   Facebook Watch, and Facebook Portal. Meta, Inc. has also acquired Giphy and Mapillary, and has a 9.99% stake in Jio Platforms.

    In October 2021, following significant negative coverage of Facebook  [Wikipedia entry] for the way its social media platform of the same name operates, media outlets reported that the parent company planned to change its name to "reflect its focus on building the metaverse", it was rebranded as Meta later that month on 2021-10-28. The name "Meta" comes from the Greek language and means "beyond", indicating the futuristic motive.


  • This article is a stub [additional content pending ...].

  • Additional Reading

  • [NPR.org, 2022-02-15] Texas sues Meta, saying it misused facial recognition data.  |  Discussion: Hacker News: 2022-02-15

  • [Axios.com, 2021-11-30] U.K. regulators order Facebook-owner Meta to sell Giphy.  |  Discussion: Hacker News: 2021-11-30

  • [CTVNews.ca, 2021-11-07] Plenty of pitfalls await Zuckerberg's 'metaverse' plan.

  • [Vox.com, 2021-11-03] Facebook is backing away from facial recognition. Meta isn't.  The social network is scaling back facial recognition, but similar technology could show up in the metaverse.

  • [Reuters.com, 2021-11-02] Facebook will shut down facial recognition system.


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