Meta Platforms, Inc. (META), headquartered in Menlo Park, California, formerly Facebook, is renowned as the world’s largest social media company with apps like Facebook, Messenger, Instagram, and WhatsApp. Valued at $1.20 trillion by market cap, the company also provides augmented and virtual reality-related products comprising consumer hardware, software, and content, helping people to move from 2D screens toward immersive experiences.
Shares of the social technology giant have outperformed the broader market considerably over the past year. META has gained 59.7% over this time frame, while the S&P 500 Index ($SPX) has risen 20.5%. In 2024, META stock is up 45.6%, compared to SPX’s 15.8% returns on a YTD basis.
