Which company operates the world’s largest social-networking platform, Facebook?
Answer
Meta Platforms
Meta Platforms operates Facebook, the world’s largest social-networking platform by broad global reach.
Meta Platforms was formerly called Facebook, Inc. The company changed its corporate name to Meta Platforms in October 2021 to emphasize its interest in building the metaverse, while Facebook remained the name of one of its major products.
Meta’s family of apps includes Facebook, Instagram, WhatsApp, and Messenger. Advertising across these services has historically been the company’s main revenue source. Its Reality Labs division develops virtual- and augmented-reality hardware and software, including the Quest headset line.
A common mistake is using Facebook as the name of both the product and the listed parent company. Since 2021, Meta Platforms has been the corporate name used for market-capitalization rankings. The company trades on the Nasdaq under the ticker META.