Meta

Fact sheet

• Founded in 2004↗ Meta↗ Meta Platforms (META) Company Profile & Description↗ Meta Company Profile — Org Chart, Financials & Interview Prep | ResearchOrg↗ Meta Platforms
• Headquarters in Menlo Park, California, USA↗ Meta↗ Meta Platforms (META) Company Profile & Description↗ Meta Company Profile — Org Chart, Financials & Interview Prep | ResearchOrg↗ Meta Platforms
• Key products include Facebook, Instagram, WhatsApp, Messenger, Threads, and Meta Quest↗ Meta↗ Meta Platforms (META) Company Profile & Description↗ Meta Company Profile — Org Chart, Financials & Interview Prep | ResearchOrg↗ Meta Platforms
• Operates divisions for Family of Apps and Reality Labs↗ Meta↗ Meta Platforms (META) Company Profile & Description↗ Meta Company Profile — Org Chart, Financials & Interview Prep | ResearchOrg↗ Meta Platforms
• Publicly traded on NASDAQ under ticker META↗ Meta↗ Meta Platforms (META) Company Profile & Description↗ Meta Company Profile — Org Chart, Financials & Interview Prep | ResearchOrg↗ Meta Platforms
• Dave Brown (formerly SVP at AWS) hired to lead AI infrastructure and data center expansion↗ Meta hires AWS executive Dave Brown to expand AI data center efforts · 2026-07-17
• Developing standalone 'Forum' app for Facebook Groups community discussions↗ Meta Tests Forum, a Standalone Facebook Groups App · 2026-07-17
• Threads has over 500 million users and has rolled out community flair tags (icons/emojis beneath usernames on community posts)↗ Threads Deploys Reddit's Flair System Across Communities for Half a Billion Users · 2026-07-16
• Meta Connect 2026 event confirmed for September 23, 2026↗ Meta Teased Headset News for Connect. The Roadmap Says Do Not Expect a Quest 4. | VR.org · 2026-07-16
• Multiple next-generation headsets (codenames Puffin and Griffin) in development for Reality Labs↗ Meta Teased Headset News for Connect. The Roadmap Says Do Not Expect a Quest 4. | VR.org · 2026-07-16
• In talks to lease AI data center computing power to Anthropic in a deal potentially worth up to $10 billion over two years↗ Meta in Talks to Lease Computing Power to Anthropic in Potential $10 Billion Deal - The New York Times · 2026-07-17
• Custom in-house AI chip 'Iris' (designed by Broadcom) passed bug testing and is scheduled to enter production in September 2026↗ Mark Zuckerberg's Meta Is Putting Its In-House Iris AI Chip Into Production in September as Part of a Plan to Double Its Computing Capacity to 14 Gigawatts | The Motley Fool · 2026-07-18
• Plans to double data center capacity to 14 gigawatts by 2027↗ Mark Zuckerberg's Meta Is Putting Its In-House Iris AI Chip Into Production in September as Part of a Plan to Double Its Computing Capacity to 14 Gigawatts | The Motley Fool · 2026-07-18
• Meta AI support assistant launched globally on Facebook and Instagram, providing 24/7 help with account issues↗ Meta Rolls Out AI Support Assistant And Advanced Content Enforcement Tools - That Eric Alper · 2026-07-19
• Facing a seven-week jury trial in Tennessee over claims that Instagram's design intentionally encourages addictive behavior in youth and that internal mental health research was withheld↗ Meta Platforms Faces Tennessee Trial Over Instagram Safety | Whalesbook · 2026-07-20

Connections

• Broadcom Inc. — Broadcom designed Meta's custom Iris AI chip.↗ Meta in Talks to Lease Computing Power to Anthropic in Potential $10 Billion Deal - The New York Times

Recent developments

• Meta Platforms is facing a seven-week jury trial in Tennessee over allegations that Instagram's design intentionally encourages addictive behavior in youth, with the state also claiming Meta withheld internal research on mental health risks.

  Read more ↗whalesbook.com20 Jul

• A service outage affecting Facebook, Instagram, and Messenger was reported in Korea on July 19, beginning at approximately 4:34 p.m. Korea time, with mobile access partially restored but some functions still unavailable.

  Read more ↗biz.chosun.com19 Jul

• A US judge ruled that Meta may proceed with planned layoffs of 26 employees who had sued the company, though the judge left open the possibility of reconsidering if the employees can provide additional information about the alleged violations.

  Read more ↗timesofindia.indiatimes.com19 Jul

• Meta has globally launched an AI support assistant across Facebook and Instagram, offering 24/7 help with account issues such as password resets, profile settings, and notification questions. The assistant was first previewed in December and is now fully rolled out.

  Read more ↗thatericalper.com19 Jul

• Linked to Broadcom Inc.: Broadcom designed Meta's custom Iris AI chip.

  Read more ↗nytimes.com17 Jul

• Broadcom designed Meta's Iris AI chip and now designs chips for three rival companies, highlighting Meta's reliance on Broadcom for custom silicon development.

  Read more ↗techtimes.com17 Jul

• Meta's custom in-house AI chip, Iris, passed six weeks of bug testing without a major architectural problem and is set to enter production in September 2026, with plans to double data center capacity to 14 gigawatts by 2027.

  Read more ↗fool.com18 Jul

• Meta is in talks to lease computing power from its AI data centers to Anthropic in a deal potentially worth up to $10 billion over two years, marking a potential new AI infrastructure-as-a-service business line for the company.

  Read more ↗nytimes.com17 Jul

• Meta Connect is confirmed for September 23, 2026, where the company is expected to share news on next-generation headsets; CTO Andrew Bosworth confirmed multiple next-gen headsets are in development, though a Quest 4 is not expected to be among them.

  Read more ↗vr.org16 Jul

• Meta quietly released 'Forum,' a standalone app that extracts Facebook Groups from the main feed into a dedicated community discussion experience, spotted by industry watcher Matt Navarra without a formal announcement.

  Read more ↗oakhillgazette.com17 Jul

Links