Meta Platforms, Inc. is a Humankind 100 company whose ranking is based on its Humankind Value, a proprietary metric that provides an estimate of the overall dollar amount a company creates for investors, consumers, employees, and society at large.
Meta Platforms, formerly known as Facebook Inc., is an American multinational tech giant which owns Facebook, Instagram, WhatsApp, etc. The company is an industry leader in social media platforms.
(All values are in US Dollars, where M=Million, B=Billion, T=Trillion.)
The modern technology sector includes companies providing free services that users find valuable. In our current world, access to internet search, maps, messaging, and digital media are essentially positive byproducts. This represents a lot of value beyond profit. Meta Platforms, Inc. operates in a manner that is a net positive for humanity, with much of its positive value coming from Economic Value ($29.6 B), Social Media ($13.0 B), and Messaging ($10.6 B). Its economic value comes from offering to consumers goods and services that they value, paying employees for their labor in producing these goods and services, and providing value for shareholders. With respect to Social Media and Messaging, Meta Platforms, Inc. is our top company. However, there is room for improvement with respect to Data Harvesting (-$26.2 B) and Internet Addiction (-$2.4 B). Economic Value, Social Media, Messaging, Data Harvesting, and Internet Addiction are attached to this company as a result of its direct business activities.