Meta Platforms, Inc., also known as Facebook, Inc., is an American multinational technology conglomerate based in Menlo Park, California. The company is the parent organization of Facebook, Instagram, and WhatsApp, among other subsidiaries. Meta is one of the world's most valuable companies. It is one of the Big Five American information technology companies, alongside Alphabet, Amazon, Apple, and Microsoft. Meta products and services include Facebook, Messenger, Facebook Watch, and Facebook Portal. It has also acquired Oculus, Giphy, and Mapillary, and has a 9.99% stake in Jio Platforms.

In October 2021, media outlets reported that the parent company of Facebook planned to change its name to "reflect its focus on building the metaverse". It was rebranded as Meta later that month on October 28. Facebook filed for an initial public offering (IPO) on January 1, 2012. The preliminary prospectus stated that the company sought to raise $5 billion, had 845 million monthly active users, and a website accruing 2.7 billion likes and comments daily. After the IPO, Zuckerberg would retain a 22% ownership share in Facebook and would own 57% of the voting shares. Underwriters valued the shares at $38 each, valuing the company at $104 billion, the largest valuation to date for a newly public company. On May 16, one day before the IPO, Facebook announced it would sell 25% more shares than originally planned due to high demand.

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