Until the end of 2020, Facebook maintained 2.8 billion MAUs, making it the world's most popular social networking site. Facebook is owned by Meta Inc., a holding company. In addition to keeping in touch with loved ones, users of the Facebook website and mobile app may also share their thoughts and experiences with others by posting status updates, photos, and videos.
Instagram, a well-known photo-sharing app, and Messenger and WhatsApp, two prominent messaging applications, are all owned and operated by Meta. The corporation sells VR gear, software, and a developer environment through its Reality Labs division. Mark Zuckerberg and his three Harvard University classmates created Meta in 2004.
Having gone public in 2012, it has since grown into one of the most powerful corporations in the world, with a market valuation of $964.6 billion as of October 1, 2021. 45 Meta had a profit of $39.0 billion on revenue of $104.8 billion for the 12 months ending October 1, 2021.
The corporation formerly known as Facebook is now known as Meta Platforms. Mark Zuckerberg after they developed a social networking application named Facebook.
The parent business has recently published financial results for the very successful mobile applications Instagram and WhatsApp under the new section Family of Apps.
Directly held shares are owned by insiders who are not affiliated with the company. Shares owned indirectly or made available through stock options are not counted here. When insiders of a corporation acquire or sell a significant quantity of shares, they must report the transaction on Form 4 with the Securities and Exchange Commission.
The 630,612 Meta shares owned by Michael Schroepfer are equivalent to 0.02% of the total number of shares in the firm. Schroepfer is in charge of all technical development at Meta, from AI to VR, and he does it as the company's chief technology officer.
In 2008, he became a member of Meta. Schroepfer has worked as an executive in engineering for Mozilla Corp., as well as for Sun Microsystems and CenterRun Inc., before joining Meta. Schroepfer said in September 2021 that he would leave his role as CTO in 2022 to become a senior fellow at the firm.
David Fischer has 37,089 shares of Meta, which is less than 0.01% of the total number of shares in the firm. Fischer is Meta's chief revenue officer, responsible for the company's global Sales & Marketing operations and the advertising division. After serving as Google's VP of global online sales and operations, he joined Meta in 2010.
He is well-known for establishing and leading Google's web-based sales team. In addition to his deputy chief of staff role, Fischer has experience working with the United States Treasury. The Ad Council and Alterra Mountain Co. have him on their board of directors as their leader.
Institutional investors own about 65.6% of Meta's shares. If you manage an institution's $100 million or more in assets, you must submit SEC Form 13F quarterly to report your stock holdings.
If an individual acquires 5% or more of a company's shares, they may be deemed an institutional investor and be required to submit a Schedule 13D or Schedule 13G. As of the conclusion of the third quarter of 2021, more than 3,600 13F filers had Meta stock, per data compiled by Whale Wisdom.
Facebook founder Mark Zuckerberg is Meta's largest stakeholder. As previously noted, he co-founded Meta, then Facebook, and has served as the company's chair and CEO for many years. 13 Zuckerberg, who is 37 years old, has a fortune of $84.8 billion.
According to his 13G filing for the year ending December 31, 2020, he presently owns about 398.2 million shares of Meta or 16.8 per cent of all outstanding shares.
According to its 13F filing for September 30, 2021, Vanguard controls roughly 182.9 million shares of Meta or 7.7% of the total shares outstanding. With around 417 mutual funds and ETFs under its administration, Vanguard is one of the largest asset managers in the world.
Vanguard manages around $8.0 trillion in assets worldwide, most of which are invested in mutual funds and exchange-traded funds.
Meta shares are held by several Vanguard funds, including the Communication Services ETF, which has $3.9 billion in assets under management. About 17.3% of the fund's total assets are invested in Meta, making it the most prominent position.