Meta Platforms is the parent corporation of Facebook and is publicly traded on Nasdaq.
The company changed its corporate name from Facebook, Inc. to Meta Platforms, Inc. in October 2021. The rebranding emphasized the company’s interest in the metaverse, while Facebook remained one of its major social-media products.
Meta’s market capitalization reflects investor expectations for its advertising business, which includes Facebook and Instagram, together with products such as WhatsApp and Messenger. The company also develops virtual-reality hardware through Reality Labs. Because Meta has multiple share classes and its stock price changes throughout each trading session, its position among the world’s largest companies is continually recalculated.