Meta Platforms first exceeded a $2 trillion market capitalization in 2024.
Meta crossed the $2 trillion threshold in April 2024 after a strong rise in its share price. The company’s valuation reflected the scale of its advertising business, especially across Facebook and Instagram, as well as investor interest in artificial intelligence and its long-term investment in virtual and augmented reality.
Meta Platforms was formerly called Facebook, Inc. The corporate name changed in October 2021 to emphasize a broader strategy beyond the Facebook social network. Its other major services include Instagram, WhatsApp, and Messenger, while Reality Labs develops hardware and software for immersive computing.
This milestone is separate from Meta’s earlier achievement of passing $1 trillion in 2021. It also does not mean the company generated $2 trillion in sales. Market capitalization is the stock market’s changing estimate of the value of all outstanding company shares.