Get to know your offshore companies: META (NASDAQ: FB)

Meta (previously known as Facebook) is focused on building products that enable people to connect and share through mobile devices, personal computers and other devices. The company’s products include Facebook, Instagram, Messenger, WhatsApp and Oculus.

The company recently released its 3Q2021 financial results. The group reported a 35% increase in total revenue to $29bn (3Q2020: $21.5bn). Revenue generated from advertising was up by 33% to $28.3bn (3Q2020: $21.2bn), and other revenues rose by 195% to $734 million (3Q2020: $249 million). The group’s operating margin remained flat at 36% (3Q2020: 37%).

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