was incorporated in 2004 and is headquartered in Menlo Park, California. and changed its name to Meta Platforms, Inc. The stock isnt likely to enjoy a sustained rebound until investors can see concrete signs of stabilizing growth and earnings trends. The 27 reduction in the companys share price which occurred in reaction to the news eliminated some 230 billion of value from Metas market capitalization. The company was formerly known as Facebook, Inc. Meta Platforms (META 0.46) shares fell hard this week. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. Chief Product Officer exercised options and sold US2.3m worth of stock Feb 19. It operates in two segments, Family of Apps and Reality Labs. Shares of Meta Platforms ( META -0.34) were sliding once again today as investors continued to process comments made by the company recently that indicated that Meta could potentially shut down. Discover Meta Platforms earnings and revenue growth rates, forecasts. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide.
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