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Meta Platforms, Inc., doing business as Meta, and formerly named Facebook, Inc., and TheFacebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company owns and operates Facebook, Instagram, Threads, and WhatsApp, among other products and services.
Meta Platforms (formerly Facebook, Inc.) is a technology company that has acquired 91 other companies, including WhatsApp. The WhatsApp acquisition closed at a steep $16 billion; more than $40 per user of the platform.
Workplace is an online collaborative software tool developed by Meta Platforms. Its features include instant messaging, file sharing, and video and audio conferencing. It was announced on 14 May 2024 that Meta would be sunsetting Workplace in 2026.
Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its ...
Investors appear to be losing patience with Big Tech's prodigious artificial intelligence investments this week after Meta Platforms signaled deeper spending and a long road to profitability.
A company uses FCF for activities such as investing in its business, paying debt, performing share buybacks, and funding a dividend. In the first quarter, Alphabet produced FCF of $16.8 billion.