Meta offers digital and electronic services that assist users in performing various tasks remotely, elevating convenience to the maximum extent possible. Through Facebook, you can post, follow, view advertisements, make remote purchases, or advertise and sell your products. Additionally, Instagram allows you to share captivating photos and videos. WhatsApp stands out as one of the most widely used chat applications globally.
Meta’s success lies not only in its ownership of these platforms but also in its continuous development of these platforms. On each platform, you can share photos, videos, make voice calls, and conduct video calls, whether individual or group calls. Meta’s emphasis on providing a comprehensive range of features within one platform is evident, and recently, conversations across all its platforms have been encrypted, ensuring enhanced information security.
The Market Value of Meta
The company consistently ranked among the top five companies in the U.S. and globally until 2022, when its stocks plummeted due to scandals related to user data leaks, resulting in a loss of approximately $65 billion. To mitigate this crisis, the management manipulated balances to minimize the collapse and loss of value. The renaming of the company to “Meta” played a significant role in deflecting attention from the circulating news during that period. The concept of the “Metaverse” or “Virtual Reality” emerged and captured people’s attention for a considerable time. The company’s stocks resumed an upward trend, reclaiming its position as one of the largest and most profitable companies worldwide.
Today, Meta stands as one of the major players in the technology and virtual reality world, owning a portfolio of the broadest and most popular social media platforms globally. As of the beginning of 2024, the market value of the company reached $945.99 billion according to the company’s report, with a share price of $370. Meta continues to assert its dominance in the ever-evolving landscape of digital communication and technology.
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