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Meta Platforms (Nasdaq: META) runs the Family of Apps (Facebook, Instagram, WhatsApp, Messenger and Threads), Meta AI and Meta Superintelligence Labs, and a Reality Labs unit that makes AI glasses and Quest headsets. Almost all of its revenue comes from advertising. Total revenue was $56.31B in Q1 2026 and $60.80B in Q2 2026 (up 28% year over year), and the company guided $61–64B for Q3 2026. It plans 2026 capital expenditures of $130–145B, mostly for AI infrastructure. Headcount was 75,472 on June 30, 2026, which included about 8,000 employees affected by a May 2026 layoff.