Meta Platforms on Robinhood Chain

Meta (META), the second-largest advertising business in the world after Google, earning almost all of its money from ads on Facebook and Instagram, sold by auction and aimed using the data those apps collect. It bought Instagram in 2012 and WhatsApp in 2014, when neither made money. Reality Labs, which builds the Quest headsets, runs at a loss the ads cover. META here is a Robinhood Stock Token from Robinhood Assets (Jersey) Limited, backed by Meta Platforms shares held at Alpaca Securities; dividends are reinvested into more shares and show up as a rising multiplier on the token balance.