How Meta Platforms Became A Highly Profitable Company, The Critical Success Factors Behind Meta Platforms' Success As A Highly Profitable Technology Company, And Meta Platforms' Growth Strategies For Long Term Revenue Growth Ebook Tooltip Ebooks kunnen worden gelezen op uw computer en op daarvoor geschikte e-readers.

This essay sheds light on how Meta Platforms became a highly profitable company, identifies the critical success factors behind Meta Platforms' success as a highly profitable technology company, demystifies Meta Platforms' growth strategies for long term revenue growth, and reveals the future outlook of Meta Platforms in the digital era. Meta Platforms is a highly profitable multinational technology company. Meta Platforms has a copious amount of products which are not limited to just Facebook. In addition to Facebook, Meta Platforms' products also encompass “Instagram, Boomerang, Meta Audience Network, Meta Quest 2, Spark AR, Meta Audience Network, NPE Team Apps, Meta Business Tools, Meta View, Messenger, and Portal Branded Devices”. Meta Platforms has a vast variety of product offerings which are far more lucrative than traditional product since Meta Platforms’ products can be monetized in multiple ways. Even though Meta Platform allows users to utilize their social media users to utilize their social media platforms for free, Meta Platforms can monetize them by selling advertisements to advertisers on their social media platforms. Meta Platforms can also monetize their social media platforms by selling a digital currency on its social media platforms, such as Stars in the context of Facebook, and by selling subscriptions on their social media platforms. Meta Platform has a host of robust product offerings that have the latent potential to be perpetually monetized and elicit multiple revenue streams. In the digital era, more customers are procuring digital products and subscriptions which is indeed advantageous for Meta Platforms since it allows their products to have a greater earnings potential than they otherwise would if they were only monetized in just one way. Most products in the digital era are monetized by commanding a price to purchase them. On the other hand, Meta Platforms’ digital technology products have been rendered accessible to social media users for free and are monetized by being replete with advertisements in the case of Meta Platforms’ social media platforms for instance. There are a plethora of disparate types of advertisements that Meta Platforms can sell on their social media platforms, such as video advertisements, photo advertisements, stories advertisements, messenger advertisements, carousel advertisements, slideshow advertisements, collection advertisements, and playable advertisements. Meta Platforms’ Facebook platform for instance is also monetized with purchaseable subscriptions and a purchasable digital currency. Stars is the digital currency on the Facebook platform that social media users can purchase. On Facebook, social media users can purchase subscriptions to become subscribers of their favorite content creators’ channels and can also purchase the Stars digital currency to be able to support their favorite content creators on Facebook. Meta Platforms’ products are not only robust technology products, but are also popular technology products that are easily accessible to social media users around the world. Meta Platforms’ technology products are also lucrative technology products that can be monetized in multiple disparate ways. Most of Meta Platforms’ technology products are deemed to be digital technology products and are thereby also remotely easily accessible to social media users around the world. Meta Platforms has a vast variety of technology products which appeal to their target market. Meta Platforms' sizeable target market consists of social media users from around the world. Social media users from around the world revel in being entrenched on social media platforms and are keen on consuming the latest content on social media platforms. Social media users prefer to utilize social media platforms that have tremendous utility. Unbeknownst to most people, Meta Platforms was founded amid the 2000s in 2004. and was formerly known as TheFacebook in 2004 and then FaceBook from 2005-2021 before adopting the name Meta Platforms in 2021. Meta Platforms is often referred to as Meta. Meta Platforms became highly profitable in 2021 to the extent of generating $39,370,000,000 in net income in 2021 and $117,920,000,000 in sales revenue in 2021. Even though Meta Platforms has been able to operate profitably throughout the 2010s, Meta Platforms reached a new pinnacle of profitability in 2021 in which Meta Platforms generated $39,370,000,000 in net income 2021. In 2020, Meta Platforms generated $29,146,000,000 in net income. In 2019, Meta Platforms generated $18,485,000,000 in net income.