Meta Platforms
Connecting the world
Image credit - © Shutterstock/Melnikov Dmitriy
What does it do?
Meta Platforms, formerly known as Facebook, is a global company that primarily operates a range of social media platforms and communication services, including Facebook, Instagram, WhatsApp, and Messenger. With over 3 billion users worldwide, Meta's platforms underpin much of the world’s communication and online experience.
Why do we invest?
Meta Platforms is a leading global communication and technology company with a vast user base and significant revenue potential. The company's competitive advantage lies in its scale, extensive user data, and advanced artificial intelligence capabilities. Meta's core business generates substantial advertising revenue, and its ongoing investments in AI are expected to improve ad targeting and user engagement. Over our investment horizon, we would see the value in Reality Labs start to be realised or the losses to be eliminated, which, combined with a renewed focus on costs, should widen margins.
Who is key?
Mark Zuckerberg is an engaged founder-CEO who is ruthlessly competitive. Zuckerberg has demonstrated his ability to admit mistakes and course-correct in recent years, while still betting big when he sees a significant opportunity. Meta platforms has maintained a core group of leaders with the return of Chris Cox and the Andrew Bosworth moving into the role of CTO.
When
Founded in: 2004
Invested in: 2012. sold 2020, repurchased 2023
Where
Headquartered: U.S.
Important information
The company showcased on this page is part of a diversified portfolio. The commentary should not be taken as advice on an individual stock.
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As at 30 June 2024
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