Meta Platforms, Inc., also known as Meta and formerly Facebook, is a publicly owned software development company founded in 2004. Headquartered in the United States, the company employs approximately 119,970 people. Its primary business involves the development and operation of software products and services.
Meta's generative AI software engineers reported a rapid acceleration in development, transitioning from a long-term perspective to significant progress within a few years. This shift occurred after initial work focused on academic publications within the Meta Fundamental AI Research organization (FAIR). Separately, Meta highlighted the career paths of several employees, including Anita Z., a software engineer manager described as hands-on; Gedaliah F., a director of engineering who transitioned from a senior engineering leadership role on Wall Street; and Rafael C., a VP of augmented reality (AR) systems, whose career path involved an engineering degree and international work experience. Meta also showcased a vision for augmented reality glasses that would overlay information onto the user's real-world view, providing features such as recipe recommendations and appointment reminders.
Meta offers 4 products in the media and telecoms services industry. Meta's product portfolio comprises of consumer electronics and search, social, and retail media.
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Meta's revenues were $162.4B in 2024. Caretta Research has split Meta's revenue into 2 different product categories, the largest of which is social media advertising, which represents 99% of Meta's revenue.
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Meta has commercial and technical partners like Peacock, MyRepublic Indonesia and National Basketball Association (NBA). Examples of Meta's suppliers include Automattic, Deluxe and EMG (Euro Media Group).
Meta currently holds 13 broadcasting rights for sports competitions including baseball, motorsports, sailing, esports, combat sports, basketball, horse racing and multi-sport.
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