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Meta Platforms, Inc. (META) generated $134.9 billion in revenue in 2023, with 97.8% sourced from advertisements. As of March 31, 2024, the company’s products are used by approximately 3.24 billion people daily. A $1,000 investment in META made in October 2014 would be valued at $7,242.41, marking a 624.24% increase as of October 1, 2024.
In comparison, the S&P 500 rose 192.17% and gold increased by 109.16% in the same period. Meta expects continued growth, particularly in the Asia Pacific region, boosted by user engagement across platforms like Instagram, WhatsApp, and Messenger. The company is also investing in advanced AI models, which are anticipated to enhance its services despite concerns over the monetization timeline.
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