Mark Zuckerberg is the founder, chairman and CEO of Meta, which he originally founded as Facebook in 2004. Mark is responsible for setting the overall direction and product strategy for the company. He leads the design of Meta's services and development of its core technology and infrastructure.Meta Platforms has a market cap or net worth of $1.20 trillion as of May 14, 2024. Its market cap has increased by 100.63% in one year.Who Owns Meta Platforms (META) According to the latest TipRanks data, approximately 35.02% of the company's stock is held by institutional investors, 9.25% is held by insiders, and 28.72% is held by retail investors.
Who owns Meta Platforms Inc. : According to Business Insider, Meta Platforms Inc., previously known as the Facebook Co., is a publicly-traded company, meaning it is not owned by a single person or group. However, Facebook founder and CEO Mark Zuckerberg is the majority shareholder of Meta, owning 13% of its stake as of January 2024.
How does Meta make money
Meta, formerly known as Facebook, primarily earns revenues by selling advertising space on its social media platforms, such as Facebook and Instagram.
Who owns most of Meta stock : Top 5 Largest Institutional META Shareholders
- Vanguard Group – 186,347,527 Shares – 8.4%
- BlackRock – 157,849,942 Shares – 7.1%
- Fidelity Investments – 134,012,721 shares – 6.037%
- State Street – 89,090,450 Shares – 3.4%
- JP Morgan Chase – 49,077,756 – 1.7%
- Mark Zuckerberg – 345,473,496 Shares – 13.5%
Meta Platforms gross profit for the twelve months ending December 31, 2023 was $108.943B, a 19.25% increase year-over-year. Meta Platforms annual gross profit for 2023 was $108.943B, a 19.25% increase from 2022. Meta Platforms annual gross profit for 2022 was $91.36B, a 4.11% decline from 2021.
The majority of Meta's profits come from its advertising revenue, which amounted to 131.9 billion U.S. dollars in 2022. Meta's total Family of Apps revenue for 2022 amounted to 114 billion U.S. dollars.
Who owns the most share in Meta
Top 5 Largest Institutional META Shareholders
- Vanguard Group – 186,347,527 Shares – 8.4%
- BlackRock – 157,849,942 Shares – 7.1%
- Fidelity Investments – 134,012,721 shares – 6.037%
- State Street – 89,090,450 Shares – 3.4%
- JP Morgan Chase – 49,077,756 – 1.7%
- Mark Zuckerberg – 345,473,496 Shares – 13.5%
The largest individual shareholder of Meta is its founder and CEO, Mark Zuckerberg.In 2010, he said that he was going to give most of his money to charity. In 2010, he was also named Time's Person of the Year. He was raised Jewish, was an atheist, but thinks different about religion nowadays. In a public Facebook post, Zuckerberg launched the Internet.org project in late August 2013.
Meta Platforms gross profit for the twelve months ending December 31, 2023 was $108.943B, a 19.25% increase year-over-year. Meta Platforms annual gross profit for 2023 was $108.943B, a 19.25% increase from 2022. Meta Platforms annual gross profit for 2022 was $91.36B, a 4.11% decline from 2021.
Does Meta turn a profit : Meta: annual revenue and net income 2007-2023
The majority of Meta's profits come from its advertising revenue, which amounted to 131.9 billion U.S. dollars in 2022. Meta's total Family of Apps revenue for 2022 amounted to 114 billion U.S. dollars.
Has Meta ever been profitable : Facebook and Instagram parent company Meta said Wednesday its first-quarter profit more than doubled, boosted by higher advertising revenue and a 6% increase on the average price of ads on its platforms.
Is Meta still losing money
Meta Platforms
In the first nine months of 2023, the company's Reality Labs division, i.e. its forays into AR, VR and metaverse-related software, recorded an operating loss of $11.5 billion, which shows the company might be on course to break its own negative record of $13.7 billion in 2022.
The losses appeared to be driven by the company's steep Metaverse losses, and CEO Mark Zuckerberg's commitment to continue that spending.168.9 billion USD (2024)Mark Zuckerberg / Net worth
How much does Mark Zuckerberg own of Meta : Zuckerberg owns 13% of Meta, and the holding makes up the bulk of his wealth.