Meta Platforms, Inc.
META
Israeli Tech Ecosystem Related
Company Overview
Meta Platforms, Inc., engages in the development of social media applications. It builds technology that helps people connect, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services. The RL segment includes augmented and virtual reality related consumer hardware, software, and content. The company was founded by Mark Elliot Zuckerberg, Dustin Moskovitz, Chris R. Hughes, Andrew McCollum, and Eduardo P. Saverin on February 4, 2004, and is headquartered in Menlo Park, CA.
Shariah Compliance Benchmarks:
- Business Compliance: Non-Shariah compliant revenue must be less than 5% of total revenue
- Liabilities Compliance: Interest-bearing debt must be less than 33% of market capitalization
This stock meets all Shariah compliance criteria according to AAOIFI standards.
| Revenue Segment | Value ($M) | Non-Compliant ($M) | Reason |
|---|---|---|---|
| Family of Apps | $162,355.0 | $0.0 | - |
| Reality Labs | $2,146.0 | $0.0 | - |
| Interest income | $2,517.0 | $2,517.0 | - |
| Other income | $171.0 | $0.0 | - |
| Total | $167,189.0 | $2,517.0 | 1.51% (passed) |
| Name | Meta Platforms, Inc. |
| Ticker | META |
| Main Business | Internet Content & Information |
| Type | Common Stock |
| Industry | Internet Content & Information |
| Country | US |
| Market Cap | $891.98 B |
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