Meta Platforms Annual Report 2024

Published: February 2nd, 2024 Meta Platforms (META) Historical Annual Reports 2013-2023 YearReportSize2023Meta Platforms (META) 10-K Annual Report - Feb 2nd, 20232.0mb2022Meta Platforms (META) 10-K Annual Report - Feb 3rd, 20221.9mb2021Meta Platforms (META) 10-K Annual Report - Jan 28th, 20211.9mb2020Meta Platforms (META) 10-K Annual Report - Jan 30th, 20201.8mb2019Meta Platforms (META) 10-K Annual Report - Jan 31st, 20191.5mb2018Meta Platforms (META) 10-K Annual Report - Feb 1st, 20181.5mb2017Meta Platforms (META) 10-K Annual Report - Feb 3rd, 20171.6mb2016Meta Platforms (META) 10-K Annual Report - Apr 27th, 2016474kb2016Meta Platforms (META) 10-K Annual Report - Jan 28th, 20161.5mb2015Meta Platforms (META) 10-K Annual Report - Feb 13th, 2015192kb2015Meta Platforms (META) 10-K Annual Report - Jan 29th, 20151.5mb2014Meta Platforms (META) 10-K Annual Report - Jan 31st, 20141.5mb2013Meta Platforms (META) 10-K Annual Report - Feb 1st, 20131.5mb FORM10-K (Mark One)☒ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the fiscal year endedDecember 31, 2023or☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934For the transition period fromtoCommission File Number:001-35551__________________________ Meta Platforms, Inc. (Exact name of registrant as specified in its charter)__________________________ 20-1665019 Delaware (I.R.S. Employer Identification Number) 1 Meta Way,Menlo Park,California94025(Address of principal executive offices and Zip Code)(650)543-4800(Registrant's telephone number, including area code)__________________________ Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act.Yes☒No☐ Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act.Yes☐No☒ Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 (Exchange Act) during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 ofthis chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company.See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and "emerging growth company" in Rule 12b-2 of the Exchange Act. If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financialaccounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction ofan error to previously issued financial statements.☐ Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’sexecutive officers during the relevant recovery period pursuant to §240.10D-1(b).☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ The aggregate market value of the voting and non-voting stock held by non-affiliates of the registrant as of June 30, 2023, the last business day of the registrant's most recentlycompleted second fiscal quarter, was $637billion based upon the closing price reported for such date on the Nasdaq Global Select Market. On January 26, 2024, the registrant had2,200,048,907shares of Class A common stock and349,356,199shares of Class B common stock outstanding. DOCUMENTS INCORPORATED BY REFERENCE Portions of the registrant's Proxy Statement for the 2024 Annual Meeting of Stockholders are incorporated herein by reference in Part III of this Annual Report on Form 10-K to theextent stated herein. Such proxy statement will be filed with the Securities and Exchange Commission within 120 days of the registrant's fiscal year ended December 31, 2023. Meta Platforms, Inc.Form 10-K TABLE OF CONTENTS Note About Forward-Looking StatementsLimitations of Key Metrics and Other Data PART I Item 1.Item 1A.Item 1B.Item 1C.Item 2.Item 3.Item 4. BusinessRisk FactorsUnresolved Staff CommentsCybersecurityPropertiesLegal ProceedingsMine Safety Disclosures PART IIItem 5.Item 6.Item 7.Item 7A.It