Facebook Inc
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Yet to be announced
Company Overview
Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices. The Reality Labs segment provides augmented and virtual reality related products that help people feel connected, anytime, and anywhere.
Revenue Sources
Meta's primary revenue streams come from digital advertising (over 97% of total revenue). The company's advertising platform allows businesses to reach potential customers through its social media networks. These activities are halal as they involve legitimate business transactions and value creation.
The remaining revenue comes from virtual reality hardware sales and related services, which are also permissible activities.
Reliance on Interest
| Reporting Date | Total Revenue | Total Expense | Interest Income | Interest Expense | Interest Income Ratio | Interest Expense Ratio |
|---|---|---|---|---|---|---|
| Dec. 31, 2024 | $48.39b | $25.02b | - | - | 0.00% | 0.00% |
| Sept. 30, 2024 | $40.59b | $23.24b | - | - | 0.00% | 0.00% |
| June 30, 2024 | $39.07b | $24.22b | - | - | 0.00% | 0.00% |
| March 31, 2024 | $36.45b | $22.64b | - | - | 0.00% | 0.00% |
Based on the financial data from the last four quarters, Meta reported zero interest income and zero interest expense. The company maintains a strong cash position and operates without significant debt financing. Interest is not material to the company's operations or business model.
Operational Ethics
Meta maintains data centers and offices globally but does not have direct operational ties with entities involved in systematic human rights violations. The company does not maintain R&D centers in Israel. While Meta operates in China through advertising sales, there is no clear evidence of material collaboration with the Chinese Communist Party.
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