Meta, originally founded as Facebook in 2004, has transformed into a multi-industry tech powerhouse valued at over $1.5 trillion and serving 3.43 billion daily active users. While Facebook remains the company's defining product, contributing over half of its annual revenue primarily through digital advertising, Meta has made significant gains in virtual reality, augmented reality, and artificial intelligence. The platform's consistent innovation, such as Marketplace and Public groups, helps it maintain relevance and compete with newer social media applications like TikTok and Instagram.
Facebook has remained relevant for building community, news, and entertainment. Incorporating newer features like Facebook Marketplace, Reels, and Public groups has contributed to the platform's ability to compete with newer applications.
Meta has grown far beyond Facebook, acquiring competing social media platforms and launching ambitious projects in virtual reality, augmented reality, and artificial intelligence research.
With nearly 3.43 billion daily active users, Meta's reach is significant. The company generated about $164.5 billion in 2024, most from ad revenue.
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