- Business
- Meta Platforms, Inc. (FB2A.DE) operates as a technology company that develops and delivers products enabling social connections, content sharing, and digital interactions worldwide; it owns and manages social media platforms including Facebook, Instagram, WhatsApp, Messenger, and Threads, alongside advertising technologies for its sites and third parties, virtual reality hardware such as Meta Quest, augmented reality initiatives like smart glasses, and emerging artificial intelligence models including Llama and Movie Gen. The company, founded in 2004 and headquartered in Menlo Park, California, maintains extensive global operations with offices across the United States, Europe, Asia-Pacific, and other regions, generating nearly all revenue from advertising that targets users based on demographics, interests, and behaviors. Recent developments include a $29 billion financing deal in August 2025 with PIMCO and Blue Owl Capital for data center expansion in Louisiana to bolster AI infrastructure, a six-year cloud computing partnership with Google valued over $10 billion announced in August 2025, a multibillion-dollar investment exceeding $10 billion in Scale AI in June 2025 to advance superintelligence efforts, plans for a $10 billion acquisition of RISC-V chip startup Rivos, and October 2025 layoffs of 600 employees in its AI unit to streamline operations.