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Industries
VR & AR
Consumer Software
Financial Services
Company Size
10,001+
Company Stage
IPO
Total Funding
$2.2B
Headquarters
Menlo Park, California
Founded
2004
Company Historically Provides H1B Sponsorship
Meta Platforms Inc. focuses on social media, communication tools, and virtual reality. It operates popular platforms like Facebook, Instagram, and WhatsApp, allowing users to connect, share content, and engage in communities. The Oculus division provides virtual reality hardware and experiences. Meta's primary revenue comes from advertising, offering businesses tools to target specific audiences using insights from its large user base. This advertising service is scalable and allows for tailored audience segmentation. Additionally, Meta explores revenue through virtual reality product sales and the metaverse, where it looks to monetize virtual goods and services. The company also invests in artificial intelligence and augmented reality to enhance its offerings, aiming to combine user engagement with advanced marketing tools.
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Total Funding
$2249.2M
Above
Industry Average
Funded Over
11 Rounds
Stock Options
Company Equity
Mental Health Support
Flexible Work Hours
To lead the project, Meta has appointed Marc Whitten, former chief executive officer (CEO) of self-driving car company Cruise, as vice president of robotics.
In the future, Meta wants to develop AI, sensors, and other software as part of a platform for other companies who will manufacture and sell the robots, according to Bloomberg.
Meta Platforms is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo viewed by Reuters on Friday.
Bloomberg reports that Meta has hired John Koryl, the former CEO of The RealReal - a site where users can buy and sell luxury items - to serve as its vice president of retail.
Meta Platforms is establishing a new division within its Reality Labs unit to develop AI-powered humanoid robots that can assist with physical tasks, according to an internal company memo viewed by Reuters on Friday.
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Industries
VR & AR
Consumer Software
Financial Services
Company Size
10,001+
Company Stage
IPO
Total Funding
$2.2B
Headquarters
Menlo Park, California
Founded
2004
Find jobs on Simplify and start your career today