was incorporated in 2004 and is headquartered in Menlo Park, California. and changed its name to Meta Platforms, Inc. The company was formerly known as Facebook, Inc. 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. Analysts predict Meta Platforms earnings will contract by 10 in 2022 to 12.49 per share, given some of the abovementioned challenges. The company’s stock jumped as much as 20 in off-hours trading after the social-media giant said its costs were set to decline and its global users had increased. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. ![]() But it dropped out of that elite group amid concerns about its slowing growth, competitive headwinds, and its commitment to VR devices. ![]() ![]() It operates in two segments, Family of Apps and Reality Labs. Meta became a trillion-dollar stock in 2021. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide.
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