The mission of Meta is to build community and bring the world closer together through technology. They aim to create the metaverse by connecting people through various platforms and devices, including virtual and augmented reality. Meta's financial results are divided into Family of Apps (FoA) and Reality Labs (RL), with revenue mainly from advertising on apps and hardware sales. Investments focus on AI, metaverse development, discovery, and monetization. Meta is investing in the metaverse as the next chapter of the internet, aiming to unlock opportunities for businesses and creators.Products include Facebook, Instagram, Messenger, Threads, and WhatsApp under Family of Apps, while Reality Labs offers VR devices like Meta Quest and AR products like smart glasses. In 2024, Meta plans to allocate investments in AR, VR, and social platforms for metaverse development.
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