How Do They Make Money?

Meta (formerly Facebook) owns several social media and communication platforms, including Facebook, Instagram, WhatsApp, and Messenger. They also operate virtual reality products through Oculus and are heavily invested in the metaverse concept. Additionally, Meta has an advertising network that serves ads on its own platforms and third-party sites.

Financial results for two segments:

Family of Apps (FoA) - selling advertising placements on their family of apps to marketers
Reality Labs (RL) - sales of consumer hardware products, software, and content