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Who Owns Facebook?

Published April 7, 2024

Key Takeaways

  • Mark Zuckerberg, the founder and CEO of Meta (Facebook’s parent company), owns roughly 13.5% of Meta stock, making him the largest shareholder.
  • Zuckerberg has more than 50% of the company’s voting power due to Meta’s dual-class stock structure.
  • Meta owns Facebook as well as other companies like Instagram, Threads, WhatsApp, and Meta Quest (Oculus).

Introduction

There’s no denying it – Facebook has taken the world by storm, stretching to every corner of the globe. Nearly everyone has heard of Facebook.

About 75% of active internet users worldwide log into Facebook every single month. That’s right, nearly 3 out of every 4 people online are actively using Facebook.

And literally half the world has a Facebook account. Half! Isn’t that crazy? A single platform uniting billions of people across nations, cultures, and creeds. It’s a phenomenon of unprecedented magnitude.

But who owns this massive social media platform?

Facebook has a clear owner: Mark Zuckerberg.

As the co-founder, Zuckerberg owns a significant portion of Facebook shares – around 13.5%.

What does this actually look like?

Shares Mark Zuckerberg Owns% Of Stock HeldHow Much Is It Worth?
More than 347 million shares13.5%$120.5 billion

This stake makes him the controlling shareholder who guides major decisions.

Today, Zuckerberg continues to steer Facebook, now rebranded as Meta Platforms, Inc., holding a significant share of its ownership.

What Is Meta?

Meta Platforms, Inc., formerly known as Facebook, Inc. (founded in 2004), is a technology conglomerate that was rebranded on October 28, 2021, with the primary goal of creating an immersive virtual world.

Meta aims to transcend traditional social media boundaries by developing a comprehensive virtual reality space termed as the “metaverse.”

If you’ve seen the movie or read the book “Ready Player One” (where a protagonist is searching for an Easter egg in a virtual reality game) the Metaverse is kinda like that. Or at least it’s trying to be.

Meta says on their website: “Meta is moving beyond 2D screens toward immersive experiences like augmented and virtual reality to help build the next evolution in social technology.”

This means that Facebook’s rebranding into Meta signals a strategic shift towards creating immersive, interconnected digital environments where people can interact more dynamically than ever before.

Why Was Meta Created?

The creation of Meta stems from the ambition to embrace and spearhead advancements in virtual reality (VR) and augmented reality (AR).

This move is designed to lay the groundwork for the next evolution of social technology, moving beyond the confines of screens to more vivid, interactive digital experiences.

Through Meta, Zuckerberg envisions a future where digital communities and connections are as tangible as those in the physical world.

Pretty cool, right?

Who Owns Facebook Now?

Mark Zuckerberg, the co-founder of Facebook, is the driving force behind Meta.

He maintains substantial ownership and control over the direction of the company both as CEO and as the largest stakeholder of the platform.

There is also a diverse array of shareholders backing the company (and their ambitious efforts).

What Are Meta’s Product?

The company’s product portfolio encompasses multiple social media platforms, including:

  • Facebook: The original social networking site that connects billions of users worldwide through social interactions, content sharing, and community building. It is the biggest platform thriving under the Meta umbrella.
  • Instagram: A photo and video sharing social media app that allows users to create and interact with visual content and stories. The widely popular app was acquired by Facebook in 2012.
  • WhatsApp: A messaging app that offers end-to-end encrypted communication across the globe.
  • Meta Quest (aka Oculus): A VR headset and platform developing immersive virtual reality experiences for gaming, education, and social interaction.
  • Messenger: Often overlooked, this is an instant messaging app integrated directly with Facebook, facilitating direct and group messaging.

Meta’s Vision of VR

Meta’s grand vision revolves around the development of the metaverse, a shared virtual space where users can seamlessly interact, work, and socialize in a simulated environment.

To achieve this, Meta is using cutting-edge technologies such as virtual reality (VR), augmented reality (AR), and artificial intelligence (AI), in an attempt to blur the lines between the physical and digital reality.

The goal: have the best virtual spaces where individuals can work, play, learn, and connect.

Through Meta Quest (Oculus) and other VR initiatives, Meta aims to lead the charge towards realizing this future, making virtual spaces as accessible and functional as physical ones.

Who Owns Meta Platforms?

Meta is comprised of multiple types of investors, ranging from internal executives to institutional entities.

The following table, with data provided by TipRanks, shows the distribution among the different groups.

Ownership TypePercentage Owned
Insiders9.18%
Mutual Funds26.76%
Other Institutional Investors40.88%
Public Companies and Individual Investors23.19%

What does this mean exactly?

This table shows who owns parts of Meta.

Think of the company like a big pie. Each group listed in the table holds a slice of that pie:

  • Insiders: These are people who work for the company or are part of its board, owning 9.18% of the company.
  • Mutual Funds: These are collections of stocks or bonds that people can invest in, owning 26.76% of Meta.
  • Other Institutional Investors: These are big organizations, like pension funds or insurance companies, that invest a lot of money and own 40.88% of Meta.
  • Public Companies and Individual Investors: This category includes other companies and regular people like you and me who have bought shares, making up 23.19% of the ownership.

Each group’s ownership percentage shows how much of the company they control.

Who Are the Biggest Investors of Meta?

Aside from Mark Zuckerberg, other prominent investors are rapidly increasing their stake in Meta.

Vanguard, a leading entity in ETFs and mutual funds, has become the second-largest shareholder, holding a 7.1% interest. The firm recently upped its investment by over 1.7 million shares, bringing its total value in Meta to above $63 billion as revealed in the latest September disclosure.

Securing the third spot is BlackRock, another ETF behemoth, which owns 6.1% of Meta, equating to a $54.1 billion investment (with the iShares Core S&P 500 ETF (IVV) holding more than 22 million Meta shares alone).

Another prominent mutual fund company, Fidelity, has also been aggressively expanding its holdings in Meta. Fidelity’s parent company added more than 4 million shares to its existing position, which has obviously propelled the value of Fidelity’s stake in Meta (exceeding $43 billion), and thereby securing the fourth-largest ownership position in the stock.

Want to see an easier-to-read breakdown? Here are the top 10 shareholders of Meta:

#HolderStocks Held% Of StockHow Much It Is Worth
1Zuckerberg, Mark347.1 million13.5%$120.5 billion
2Vanguard Group183.2 million7.1%$63.6 billion
3BlackRock156.0 million6.1%$54.1 billion
4FMR (Fidelity Management & Research)125.1 million4.9%$43.4 billion
5Capital Research and Management97.6 million3.8%$33.9 billion
6State Street Global Advisors86.1 million3.3%$29.9 billion
7T. Rowe Price Group50.6 million2.0%$17.6 billion
8Geode Capital Management45.2 million1.8%$15.7 billion
9JP Morgan Asset Management36.4 million1.4%$12.7 billion
10Norges Bank Investment Management34.7 million1.3%$12.0 billion

FAQs on Who Owns Facebook?

Who Runs Facebook?

Mark Zuckerberg is the original co-founder and current chairman and CEO (Chief Executive Officer) of Meta (Facebook’s parent company).

Zuckerberg also has 50% of the voting power within the company, making him the principal figure who runs Facebook.

Who Bought Facebook?

In reality, Facebook wasn’t bought out by another company; instead, it evolved from within.

In 2021, Facebook rebranded itself as Meta Platforms to reflect its broader ambitions in creating a connected virtual reality space known as the metaverse.

Therefore, no external purchasing took place.

Why Does It Matter Who Owns a Publicly Traded Company?

Understanding who holds the majority of a company’s shares can be incredibly important because these major investors have the power to influence important decisions within the company.

Their actions, like buying more shares or selling off their stakes, can also lead to significant swings in the company’s stock price, affecting its market value.

So knowing who decides what happens to the company is important if you’re looking to purchase Meta stock for yourself.

How Does Zuckerberg Have So Much Voting Power?

Let’s just say, the Zuck knows what he’s doing.

Mark Zuckerberg owns a special type of Meta shares that give him 10 times the voting power of regular shares.

Thanks to Meta’s dual-class stock structure, Zuckerberg and a few other top figures got these powerful shares.

Even though Zuckerberg’s direct share ownership is around 13%, his enhanced voting rights grant him more than half of the company’s voting power which allows him to make major decisions almost single-handedly.

What Does Meta’s Dual-Class Stock Structure Mean? How Does It Work?

Meta’s dual-class stock structure is a way of organizing shares that gives certain shareholders more voting power than others.

In this setup, there are two types of stocks: one that offers regular voting rights (usually one vote per share) and another that offers multiple votes per share.

This means that even if someone owns a smaller percentage of the overall shares, they can have a larger influence on company decisions if their shares are of the type that carries more votes.

This system is designed to keep control of the company in the hands of its founders and key executives, allowing them to guide the company’s future direction while still raising capital from public investors (and giving those investors little to no voting rights).

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Written By:
AUTHOR & EDITOR-IN-CHIEF
Jessica is a writer who specializes in social media, marketing, and digital strategy. She is a graduate of Antioch College and earned her MBA at Boston College’s Carroll Graduate School of Management, specializing in STEM Management. Her work has been published in numerous academic journals and mainstream publications. She lives in New England with her husband, two children, and three dogs.
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