advertising (per-impression and per-action)

usage-based (per-impression / per-action for advertising)

78–82%

advertising

Organic growth supplemented by marketing; self-service advertising platform

enterprise (advertisers/marketers)

consumer (for Reality Labs products)

advertising platform / social media

consumer hardware & VR/AR

High

Linear

Global with concentration in developed markets

Medium

Low

Yes

High

High

Moderate

Yes

Low

23.5% Return on Assets (Strong)

Cyclical

Moderate

0.27x Total Debt / Equity (Conservative)

Low intensity; China's December 2024 ban on gallium and germanium exports to the US (germanium tetrachloride is the core dopant in optical fiber; gallium underpins optoelectronic transceivers) sits on top of the sector's binding 2026 constraint of grid-power scarcity and multi-year interconnection queues for AI-driven data-center buildouts.

Sublinear

N-A

High

["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "23-0000 Legal Occupations", "27-0000 Arts, Design, Entertainment, Sports, and Media Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "49-0000 Installation, Maintenance, and Repair Occupations"]

0.31 (HIL — ~31% of characteristic roles agent-automatable)

Low intensity; commodities: electricity (grid power for networks and data centers), copper (legacy access networks, cabling, connectors), fiber-optic glass / silica with germanium dopant, diesel fuel (fleet operations and backup generation), steel (towers, masts, conduit), aluminum (cable sheathing, enclosures, structures); geopolitical: China's December 2024 ban on gallium and germanium exports to the US (germanium tetrachloride is the core dopant in optical fiber; gallium underpins optoelectronic transceivers) sits on top of the sector's binding 2026 constraint of grid-power scarcity and multi-year interconnection queues for AI-driven data-center buildouts.

Medium burden; regimes: FCC, FTC, GDPR, DOJ, CFIUS, EU DMA; Platform content-liability reform and antitrust actions threaten core business models.

0001326801

META

34.7% CapEx / Revenue (High-CapEx Infrastructure)

Moderate

active_enforcement_matters,antitrust_exposure_flag,business_model_type_primary,business_model_type_secondary,capital_return_posture,channel_inventory_exposure,churn_vulnerability_index,currency_risk_exposure,customer_acquisition_metric,customer_segment_primary,customer_segment_secondary,cyber_framework_alignment,cyber_incident_materiality,cyber_oversight_body,data_sovereignty_risk,employee_headcount,franchise_compliance_risk,geographic_footprint,geopolitical_supply_exposure,headcount_cost_structure,hedging_program_scope,howey_test_risk_index,interest_rate_sensitivity,international_expansion_readiness,key_person_dependency,liquidity_sufficiency_assertion,marginal_cost_of_growth,market_structure,monetization_vector,named_competitors,network_effect_present,pricing_architecture,pricing_power_rating,product_revenue_concentration,purchase_commitment_rigidity,recession_resistance_tier,regulatory_burden_tier,revenue_model_type,seasonality_pattern,supply_chain_dependency,switching_cost_profile,trade_restriction_exposure,vendor_lock_dependency_score

0

189

-194857

2026-09-28

2026-10-03T13:37|activist_13d_count_1y,activist_last_13d_date,blockholder_13g_count_1y,insider_buys_6m,insider_last_transaction_date,insider_net_shares_6m,insider_sells_6m

78,865 employees as of December 31, 2025

High-Founder-Dependent

TikTok

Fragmented

Family of Apps = 99% of revenue

Buyback+Dividend; 2025: $26.26B buyback + $5.32B dividends

Moderate; tariffs and export controls mentioned

Pronounced; strong Q4, weak Q1

Affirmed

Moderate; third-party retail channels for RL products

Yes; FTC consent order, multiple regulatory investigations

Moderate; estimated losses on non-cancelable RL inventory commitments disclosed

No

No specific named framework disclosed; uses industry-recognized practices

Audit & Privacy Committee

Moderate; primarily Euro exposure; FX impact was unfavorable in 2025

Limited FX forward contracts for cash management only; no commodity hedging

0

3

none in window

advertising (per-impression and per-action)

usage-based (per-impression / per-action for advertising)

78–82%

advertising

Organic growth supplemented by marketing; self-service advertising platform

enterprise (advertisers/marketers)

consumer (for Reality Labs products)

advertising platform / social media

consumer hardware & VR/AR

High

Linear

Global with concentration in developed markets

Medium

Low

Yes

High

High

Moderate

Yes

Low

23.5% Return on Assets (Strong)

Cyclical

Moderate

0.27x Total Debt / Equity (Conservative)

Low intensity; China's December 2024 ban on gallium and germanium exports to the US (germanium tetrachloride is the core dopant in optical fiber; gallium underpins optoelectronic transceivers) sits on top of the sector's binding 2026 constraint of grid-power scarcity and multi-year interconnection queues for AI-driven data-center buildouts.

Sublinear

N-A

High

["11-0000 Management Occupations", "13-0000 Business and Financial Operations Occupations", "15-0000 Computer and Mathematical Occupations", "23-0000 Legal Occupations", "27-0000 Arts, Design, Entertainment, Sports, and Media Occupations", "41-0000 Sales and Related Occupations", "43-0000 Office and Administrative Support Occupations", "49-0000 Installation, Maintenance, and Repair Occupations"]

0.31 (HIL — ~31% of characteristic roles agent-automatable)

Low intensity; commodities: electricity (grid power for networks and data centers), copper (legacy access networks, cabling, connectors), fiber-optic glass / silica with germanium dopant, diesel fuel (fleet operations and backup generation), steel (towers, masts, conduit), aluminum (cable sheathing, enclosures, structures); geopolitical: China's December 2024 ban on gallium and germanium exports to the US (germanium tetrachloride is the core dopant in optical fiber; gallium underpins optoelectronic transceivers) sits on top of the sector's binding 2026 constraint of grid-power scarcity and multi-year interconnection queues for AI-driven data-center buildouts.

Medium burden; regimes: FCC, FTC, GDPR, DOJ, CFIUS, EU DMA; Platform content-liability reform and antitrust actions threaten core business models.

0001326801

META

34.7% CapEx / Revenue (High-CapEx Infrastructure)

Moderate

active_enforcement_matters,antitrust_exposure_flag,business_model_type_primary,business_model_type_secondary,capital_return_posture,channel_inventory_exposure,churn_vulnerability_index,currency_risk_exposure,customer_acquisition_metric,customer_segment_primary,customer_segment_secondary,cyber_framework_alignment,cyber_incident_materiality,cyber_oversight_body,data_sovereignty_risk,employee_headcount,franchise_compliance_risk,geographic_footprint,geopolitical_supply_exposure,headcount_cost_structure,hedging_program_scope,howey_test_risk_index,interest_rate_sensitivity,international_expansion_readiness,key_person_dependency,liquidity_sufficiency_assertion,marginal_cost_of_growth,market_structure,monetization_vector,named_competitors,network_effect_present,pricing_architecture,pricing_power_rating,product_revenue_concentration,purchase_commitment_rigidity,recession_resistance_tier,regulatory_burden_tier,revenue_model_type,seasonality_pattern,supply_chain_dependency,switching_cost_profile,trade_restriction_exposure,vendor_lock_dependency_score

0

189

-194857

2026-09-28

2026-10-03T13:37|activist_13d_count_1y,activist_last_13d_date,blockholder_13g_count_1y,insider_buys_6m,insider_last_transaction_date,insider_net_shares_6m,insider_sells_6m

78,865 employees as of December 31, 2025

High-Founder-Dependent

TikTok

Fragmented

Family of Apps = 99% of revenue

Buyback+Dividend; 2025: $26.26B buyback + $5.32B dividends

Moderate; tariffs and export controls mentioned

Pronounced; strong Q4, weak Q1

Affirmed

Moderate; third-party retail channels for RL products

Yes; FTC consent order, multiple regulatory investigations

Moderate; estimated losses on non-cancelable RL inventory commitments disclosed

No

No specific named framework disclosed; uses industry-recognized practices

Audit & Privacy Committee

Moderate; primarily Euro exposure; FX impact was unfavorable in 2025

Limited FX forward contracts for cash management only; no commodity hedging

0

3

none in window