In 2022, Fidelity managed $4.2trn in assets for its customers. In 1946, he founded Fidelity Management & Research Company (FMR Co.) to act as investment advisor to the Fund. Johnson II took over the Fidelity Fund, founded in 1930. Fidelity Management: 4.9% stakeįidelity Investments is one of America’s oldest financial services firms. As of 30 June 2022, Vanguard had more than 30 million investors.Īccording to Refinitiv’s data as of 13 August, The Vanguard Group held 180 million of META shares, accounting for 7.9% of the company’s stock. Many individual and corporate investors may own META stock through one of the investment vehicles that Vanguard offers such as the Vanguard S&P 500 ETF ( VOO). According to Statista, Vanguard's AUM increased more than sevenfold in the decade and a half since 2005. The US-based company had total assets under management (AUM) of approximately $7.3trn in 2021. The Vanguard Group is one of the world’s largest asset management firms. Data from Refinitiv put the list of top Meta Platforms shareholders as: The Vanguard Group, Fidelity Management, BlackRock Institutional, State Street Global and T. The list of Facebook major shareholders, as of August 2022, includes some prominent fund management companies. All decisions concerning the company’s vision, future and strategy will have to be approved by Zuckerberg, as he holds the majority of the company’s voting power.Īccording to data compiled by Refinitiv, as of June 2022, other top executive holders of the company’s stock include Michael Todd Schroepfer, David Wehner, David Fischer, Jennifer Newstead and Peter Thiel. This information is important for Meta Platforms shareholders and prospective investors. The annual report also disclosed that there were 2.3 billion Class A common stock of Meta Platforms in circulation by 28 January 2022 along with 412.86 million Class B common stock. These votes can be cast during any stockholders’ meeting to decide on the company’s affairs. Holders of Class B META shares are entitled to have 10 votes for every share they own while Class A stockholders only have one vote per share. Other 5% shareholders inculde, BlackRock, FMR LLC and Vanguard.Īs of 31 March 2023, Meta had 2,215,650,705 shares of Class A common stock and 350,578,831 shares of Class B common stock outstanding. Cox.ģ,258 stockholders of record held the company’s Class A common stock by the end of December 2022. The next biggest share holders are the groups CFO, Susan Li and Chief Product Officer, Christopher K. Who are the stakeholders of Facebook? According to Meta Platform’s latest annual report filed with the US Securities and Exchange Commission ( SEC), Mark Zukerberg owns over 800,000 Class A Shares and over 300,000,000 Class B Shares. Facebook biggest shareholders: What is Mark Zuckerberg’s stake? The groups share price rose in February when it beat analysts estimates for its Q4 earnings release, with earning per share coming in at $1.76 and revenue at $32.17bn vs $31.53bn expected, according to Refinitiv. Meta Platforms employs over 80,000 people.
The majority of Meta’s profits come from its advertising revenue, which amounted to 113.6 billion U.S. dollars, a slight decrease on the previous year. In 2022, Meta Platforms generated a revenue of over 116 billion U.S. The ticker symbol assigned to the company’s Class A common shares was changed from FB to META. The new name is considered to be a better reflection of the business’s aim to become a leading player in the up-and-coming metaverse industry.
On 28 October last year, Facebook changed its name to Meta Platforms. In addition, the parent company acquired two widely successful mobile apps, Instagram and WhatsApp, whose results are now being reported under the segment Family of Apps.Īs per the latest quarterly report, Meta Platforms’ Family of Apps had a combined monthly active people (MAP) of 3.65 billion – almost half of the world’s population. Since then, Facebook has grown to become the world’s largest social media platform with approximately 2.9 billion monthly active users. Founded in 2004 by a group of Harvard students including its current CEO, Mark Zuckerberg, after they created a social app called The Facebook. Meta Platforms is the name of the company that was formerly known as Facebook.
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