META: Meta Platforms Inc Stock Price, Quote and News

For more information on risks and conflicts of interest, see these disclosures. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021.

Facebook allows people to connect, share and communicate on mobile devices and home computers. Instagram is a photo- and video-sharing application that Meta acquired in April 2012, a month before the company’s shares first traded on Nasdaq on 18 May. Instagram users can also use private messaging and shop from businesses and creators. Meta builds products that allow people to connect via mobile devices, personal computers, virtual reality headsets, and in-home devices. Family of Apps (FoA) and Facebook Reality Labs (FRL) are the company’s segments. Additional information about your broker can be found by clicking here.

Meta Platforms Stock Snapshot

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The company was founded by Mark Zuckerburg and a group of friends but now only Zuckerburg remains. The company quickly grew and expanded into other universities and then opened itself to the public in 2006. As of 2006, anyone over the age of 13 can be a Facebook user which is the company’s primary source of income. As of 2022, the company claimed more than 2.9 billion monthly active Facebook users. Meta (FB) reported Q earnings per share (EPS) of $2.20, beating estimates of $2.02 by 8.82%. In the same quarter last year, Meta’s earnings per share (EPS) was $2.72.

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As of 2022, those holdings were down to about 14% of the company and 54% of the voting rights. Meta is not only about Facebook, the most popular social network worldwide. It owns Instagram, Messenger, WhatsApp, Oculus, Giphy, Mapillary, and Kustomer, and it has a stake in India’s Jio Platforms. In 2021, 97.5% of the company’s revenue came from the sale of advertisement placements to marketers. Celebrities, lawmakers, brands and everyday social media users are flocking to Meta’s freshly minted app Threads to connect with their followers, including many Twitter refugees tired of the drama surrounding… Meta Platforms, Inc life began in 2004 as a digital “face book” for Harvard students.

Meta is expected to release next earnings on -, with an earnings per share (EPS) estimate of $2.89. Facebook’s stock price would get another big boost in February 2014, https://g-markets.net/helpful-articles/bullish-harami-candlestick-pattern/ when the company announced it would purchase WhatsApp. Finally, after years of resistance, Facebook passed the 500 shareholder threshold, forcing it to go public.

Meta does not by its reference above or distribution imply its endorsement of or concurrence with such information, conclusions or recommendations.

By the end of the first week of trading, Facebook’s stock price had dropped to $26.81. The social networking giant has mounted a huge comeback in less than a year. The Barchart Technical Opinion widget shows you today’s overally Barchart Opinion with general information on how to interpret the short and longer term signals.

In late 2017, Facebook stock price was trading on the verge of $170 per share, giving the company a market value of almost $500 billion. In December 2018, the company announced its plans to develop a cryptocurrency that will be backed by USD. In 2019, the company launched a digital wallet and Calibra currency. As you can see, the company has been expanding over various markets.

Meta Platforms Estimates* in USD

When you see Meta stock appear in the results, tap it to open up the purchase screen. There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer. The company was founded on 4 February 2004, by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes and Eduardo P. Saverin.

Investors can still get a good deal on this stock even though it has surged big time this year. Highlights important summary options statistics to provide a forward looking indication of investors’ sentiment. Provides a general description of the business conducted by this company. Get this delivered to your inbox, and more info about our products and services. Please note that any opinions, estimates or forecasts regarding Meta’s performance made by these analysts are theirs alone and do not represent opinions, forecasts or predictions of Meta or its management.

The company issued revenue guidance of $29.50 billion-$32.00 billion, compared to the consensus revenue estimate of $29.53 billion. Over the years, Facebook acquired a large number of apps and other businesses that include but are not limited to Instagram and WhatsApp. The company changed its name to Meta Platforms DBA Meta in 2021 to reflect its business and mission better. The new name describes the metaverse and refers to the seamless social interaction provided by Meta’s social media application universe. Also, you should always be aware of the company’s financial reports.

The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA. Meta Platforms Inc (FB), formerly known as Facebook Inc, is a global social media and technology company based in the US. The company creates social networking programs and virtual and augmented reality solutions that allow users to communicate and share through mobile devices, PCs, and other platforms. Moreover, Meta (former Facebook Inc.) has been a part of many lawsuits and scandals.

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Reality Labs develops and markets a line of virtual and augmented-reality products. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. Facebook shares hit the Nasdaq exchange on May 18, 2012, but the day was marred by a number of technical glitches. Facebook stock price shot up as high as $45 before tumbling to close at $38.23, only 23 cents above the original asking stock price and $3.82 below its opening stock price, giving it a market cap of $90 billion.

• In 2019, the company launched a digital wallet and Calibra currency.
• In the beginning, it was just a private network for college students.
• When you see Meta stock appear in the results, tap it to open up the purchase screen.
• It reflects the company’s efficiency at generating profits on an equity base.

Banking services and bank accounts are offered by Jiko Bank, a division of Mid-Central National Bank, Member FDIC. The value of shares and ETFs bought through a share dealing account can fall as well as rise, which could mean getting back less than you originally put in. Messenger is a cross-platform and cross-device messaging app that allows users to interact with friends, family, groups and enterprises. On 19 February 2014, Meta (then Facebook) acquired WhatsApp, a messaging app used to communicate and transact with people worldwide. The first version of Facebook launched in February 2004 as a Harvard-only social network.

Analyst’s Opinion

It’s critical that the company’s shareholders sued it many times. Meta Platforms often allows third parties to access data on millions of people without their knowledge. It leads to enormous scandals that make the stock price plunge dramatically.

But it would still be another eight years before Facebook’s high-profile acquisition of Instagram and its initial public offering (IPO). The U.S. Federal Trade Commission has launched an investigation into ChatGPT creator OpenAI and whether the artificial intelligence company violated consumer protection laws by scraping public data and… This website is using a security service to protect itself from online attacks. The action you just performed triggered the security solution. There are several actions that could trigger this block including submitting a certain word or phrase, a SQL command or malformed data. Upgrade to MarketBeat All Access to add more stocks to your watchlist.

The rebranding occurred due to the rising popularity of the «metaverse,» where users would interact in virtual reality environments. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. Sign up for email alerts
The stock information provided is for informational purposes only and is not intended for trading purposes. The stock information is provided by TickerTech, stock charts are provided by Q4 Inc., both third party services, and Meta does not maintain or provide information directly to this service.

During the company’s roadshow hawking its soon-to-be-public stock and potential Facebook stock price to would-be investors, Facebook’s valuation kept climbing. Two days before the IPO, Facebook said it would add 25% more shares to the IPO. The company’s primary operating segment is the Family of Apps. The family of Apps includes Facebook and all the other digital applications. This segment produces virtually all of the revenue which is in turn 97% advertising oriented.