Details

Last Funding Type

Post-IPO Debt

Last Funding Money Raised

$10B

Industries

Augmented Reality,Social Media,Social Network,Virtual Reality

Founded date

Feb 4, 2004

Number Of Employee

10001 - max

Operating Status

Active

Sub-Organizations

Oculus Novi

Meta is a social technology company that enables people to connect, find communities, and grow businesses.

Previously known as Facebook, Mark Zuckerberg announced the company rebrand to Meta on October 28, 2021 at the company's annual Connect Conference.

Facebook was founded by Mark Zuckerberg in Menlo Park, California in 2004. With millions of more users, [Friendster] attempted to acquire the company for $10 million in mid-2004. Facebook turned down the offer and subsequently received $12.7 million in funding from [Accel Partners] at a valuation of around $100 million. Facebook continued to grow opening up to high school students in September 2005 and adding a photo-sharing feature the next month. The next spring, Facebook received $25 million in funding from [Greylock Partners] and [Meritech Capital] as well as previous investors [Accel Partners] and [Peter Thiel]. The pre-money valuation for this deal was about $525 million. Facebook subsequently opened up to work networks eventually amassing over 20,000 work networks. Finally, in September 2006, Facebook was opened to anyone with an email address.

Facebook continued to receive funding most notably in January 2011 receiving $1.5 billion and valuing the company at $50 billion. A year later in February 2012, Facebook announced that it was filing for its long-anticipated initial public offering. The company went public on May 18, 2012 opening in [NASDAQ] with shares trading at $42.05.

Facebook announced positive numbers in February 2012 upon filing for its IPO. As of July 2013 over 1.15 billion users have logged into Facebook every month and 669 million users daily. Mobile users now make up half of Facebook’s user base with 819 million monthly actives. Facebook is one of the most trafficked sites in the United States. Additionally, Facebook is the top photo-sharing site with 250 million photos uploaded per day.

The company has a strategic partnership with AXA Group to develop marketing and commercial collaboration in the digital, social, and mobile sphere.

Meta is currently the owner of many applications and services such as Facebook App, Instagram, Whatsapp, Oculus VR, Pagemodo Pagebuilder, [RSS Graffiti], Huddle, and more. Facebook is the world’s largest social network with over 2.9 billion monthly active users.

Meta has acquired 4 organizations. Their most recent acquisition was WhatsApp on Feb 19, 2014. They acquired WhatsApp for $19B.

Date Company Name	Industry	Acquisition Type	Price
Feb 19, 2014 WhatsApp	Android	acquisition	$ 19B	Detail
Mar 25, 2014 Oculus	Augmented Reality	acquisition	$ 2B	Detail
May 15, 2020 Giphy	Communities	acquisition	$ 400M	Detail
Nov 30, 2020 Kustomer	CRM	acquisition	$ 1B	Detail