Facebook, Inc. (NasdaqGS:FB) acquired Confirm Inc.
January 22, 2018
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Facebook, Inc. (NasdaqGS:FB) acquired Confirm Inc. on January 23, 2018. Post-acquisition, Confirm will wind down its operations and its employees will join Facebook in Boston. Jane Ross, Gabriel Shapiro, William Lamb, Christine Lane, Michael Frank, John Brockland, Scott Loughlin, Max Scott, Caitlin Piper, Ahuva Warburg, Nathan Salminen and Joseph Vladeck of Hogan Lovells US LLP acted as legal advisors to Facebook, Inc. Goodwin Procter LLP acted as legal advisor and Moelis & Company (NYSE:MC) acted as financial advisor to Confirm Inc.
Facebook, Inc. (NasdaqGS:FB) completed the acquisition of Confirm Inc. on January 23, 2018.
Meta Platforms, Inc. specializes in online social networking services. Net sales break down by activity as follows:
- operation of social networking, messaging, photo and video sharing platforms (98.6%): operation of the Facebook, Instagram, Messenger, Threads and WhatsApp platforms (3.98 billion monthly active users in 2023) ;
- sale of virtual and augmented reality products, software and devices (1.4%): virtual reality headsets (Meta Quest), connected screens (Facebook Portal), wearable devices, etc.
Net sales break down by source of income into advertising spaces (97.5%) and other (2.2%).
Net sales are distributed geographically as follows: the United States and Canada (39.2%), Asia-Pacific (26.8%), Europe (23.1%) and other (10.9%).
META PLATFORMS, INC. 
