Meta Platforms (META +0.02%) is the undisputed leader in social media. The technology company owns three of the four biggest platforms by monthly active users (Facebook, WhatsApp, and Instagram). Its growing family of apps is a huge moneymaker. Meta also has a virtual experiences technology platform focused on the metaverse and a growing artificial intelligence (AI) platform.
The tech titan built its platforms through organic investment and acquisitions. Meta has purchased several notable companies over the years that form the foundation of some of its most popular apps and products. Meta Platforms will likely continue to buy companies as it acquires talent and products to grow its business platforms. Future deals could make it an even better company to invest money in.
Here's a look at some of the notable companies Meta owns and ones that the social media company might acquire in the future.
NASDAQ: META
Key Data Points
What companies does Meta own?
Meta Platforms is one of the world's largest technology companies. It has two business segments:
- Family of Apps: Meta Platforms owns several social media platforms that generate revenue from advertising and other sources.
- Reality Labs: The company also has a business and research unit that produces hardware and software for virtual reality (VR) and augmented reality (AR). This segment also invests in artificial intelligence (AI) and the metaverse.
The company generates almost all of its revenue from advertising (98% of its $42.3 billion in the first quarter of 2025). Meanwhile, its family of apps produces all of its profits ($21.8 billion in total income from operations in the first quarter of 2025 vs. a $4.2 billion operating loss for Reality Labs).
Here's a look at some of the notable companies Meta Platforms owns.
1. Facebook
Mark Zuckerberg co-founded Facebook in 2004 (originally FaceMash and then TheFacebook). It was the biggest social media platform in the world in mid-2025, with more than 3 billion monthly active users. Facebook is now part of Meta's family of apps business after the social technology company rebranded to Meta Platforms in 2021 to reflect its growing platform and focus on the metaverse.
2. Beluga (Now Facebook Messenger)
Facebook acquired group messaging service Beluga for an undisclosed sum in 2011. The company used Beluga to help bolster its instant messaging platform, which is now Facebook Messenger. It's the eighth-largest social media platform with the potential to reach an estimated 965 million people with advertising. Facebook Messenger is part of Meta's family of apps business unit.
3. WhatsApp
Facebook bought messaging company WhatsApp in 2014 for $16 billion in cash and stock. At the time, 450 million people used it on any given day. WhatsApp has grown into the third-largest social media platform as of mid-2025, behind Facebook and YouTube, with at least 2 billion monthly active users.
4. Instagram
Facebook bought the popular photo-sharing app Instagram for $1 billion in cash and stock in 2012. That acquisition has been a smashing success for the company. Instagram is right behind WhatsApp as the fourth-largest social media platform globally, with 2 billion monthly active users.
5. Reels
The company launched Instagram Reels in 2020 to compete against social video sites like YouTube and TikTok. The app is part of Instagram. Users can also watch and share Reels on Facebook and its messenger apps.
6. Threads
Meta Platforms launched the text-sharing app Threads in 2023. The team behind Instagram built the app to compete with Twitter (now X). Threads had more than 350 million monthly active users as of mid-2025. Meta aims to grow Threads to 1 billion users in the future.
7. Oculus VR
Facebook bought Oculus VR for $2 billion in cash and stock in 2014. Oculus was a leader in immersive VR technology. Oculus VR is now part of Meta's Reality Labs business unit. The company has developed several VR headsets, including Meta Quest 3.
8. Reality Labs
Meta formed Reality Labs in 2020, combining its VR and AR hardware and software, including Oculus, Portal (discontinued), and Spark AR. Meta is investing heavily in research and development (R&D) in Reality Labs on new products, including Project Aria (smart glasses, including its Ray-Ban Meta glasses), AI (Meta AI and its Llama AI model), and the metaverse (Horizon Worlds).
Reality Labs hasn't been a major revenue driver for Meta (revenue declined from $1.1 billion in the fourth quarter of 2024 to $412 million in the first quarter of 2025). It's also losing a significant amount of money ($5 billion in the fourth quarter of 2024 and $4.2 billion in the first quarter of 2025). However, Meta is investing heavily in the business because it believes Reality Labs can eventually become a meaningful contributor to its results.
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The bottom line on companies Meta owns
Meta Platforms is a behemoth in the social media space. That will make it more challenging for the company to make additional acquisitions in the sector. However, Meta has other avenues to grow, including making deals to expand its gaming and AI capabilities. A meaningful acquisition that could turn Reality Labs from a money pit into a profit machine could help Meta create a lot of value for its investors in the future, making it an even better stock to buy and hold.
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