The short answer: Meta Platforms (Nasdaq: META) is the Menlo Park, California company behind Facebook, Instagram, WhatsApp and the Muse AI agent. Mark Zuckerberg founded it in 2004 and is CEO. It was worth about $1.64 trillion as of October 23, 2026, and expects to spend $135 billion to $145 billion on capital projects in 2026, much of it for AI.
A company profile from The Pomp Podcast, hosted by Anthony Pompliano. Last updated: October 25, 2026.
Key takeaways
Meta Platforms (Nasdaq: META) is the Menlo Park company behind Facebook, Instagram, WhatsApp and the Muse AI agent.
Mark Zuckerberg founded it in 2004 and is CEO.
It was worth about $1.64 trillion on October 23, 2026 and expects $135 billion to $145 billion of 2026 capital spending.
What is Meta?
Meta was founded in 2004 and is headquartered in Menlo Park, California, according to its company profile. It went public as Facebook in 2012. It makes nearly all of its money from ads across its apps, which were used by 3.64 billion people a day on average in September 2026, according to its third-quarter results.
How big is Meta?
Meta's market value was about $1.64 trillion at the close on October 23, 2026, according to StockAnalysis. That ranked it 8th in the world by that measure. Its market value was down about 11% over the prior year.
How did Meta do last quarter?
On October 21, 2026, Meta reported third-quarter results:
Revenue of $64.60 billion, up 26% from a year earlier.
Total costs and expenses of $51.61 billion, up 68%, including a litigation charge.
Capital expenditures of $34.91 billion in the quarter.
A 2026 capital spending forecast of $135 billion to $145 billion, narrowed from $130 billion to $145 billion.
Headcount of 66,775, down 15% from a year earlier.
Zuckerberg said the quarter included "launching Muse and Muse Wonder, our first frontier model."
What is Muse?
Muse is Meta's consumer AI agent, which can complete multi-step tasks like shopping. It has run into pushback from other companies. Amazon banned Muse from its marketplace, saying the agent did not identify itself and appeared to store customer credentials, Business Insider reported. Meta has said Muse cannot see users' passwords or payment methods. JPMorgan also said it will not let outside agents like Muse act inside customer accounts, CNBC reported. For more, read What Is Muse? and our piece on Muse and AI agent memory.
What did The Pomp Podcast say about Meta?
Pomp, who has said on the show that he was a product manager at Facebook, has talked about Meta's AI strategy on several recent episodes. Quotes below are from the episodes, with timestamps.
On the October 10, 2026 episode with Jordi Visser, "Bitcoin Is the Toll Collector of the AI Economy | Jordi Visser", he explained how he thinks Meta will make money from Muse:
"I worked inside that business. Trust me, if you're going to use their products and you're going to give them more data, they're going to get better at ads."
"And so to me, it's not Muse makes money as much as Facebook makes money. They just happen to own the Muse thing."
On October 24, "Will Bitcoin Survive Quantum Computing? | Jordi Visser", Jordi said Meta's results did not stop the AI sell-off:
"we went through meta. Nothing bad came out in there, but it's still sold off."
Later in that episode, Pomp described the two camps arguing about an AI bubble:
"did you see how much money Meta spent? And you're like, you kind of need the demand side of the equation to know whether this is a bubble or not, right?"
Every Pomp Podcast episode that discussed Meta
Meta came up in 4 recent episodes of The Pomp Podcast. Each link opens the YouTube video at that moment.
Oct 10, 2026: Bitcoin Is the Toll Collector of the AI Economy | Jordi Visser. Pomp argued Muse's value to Meta is better ads. Timestamps: 21:41 (how Muse makes money).
Oct 24, 2026: Will Bitcoin Survive Quantum Computing? | Jordi Visser. Jordi and Pomp talked about Meta's results and AI spending. Timestamps: 18:16 (Meta earnings), 31:10 (Meta's spending).
Oct 22, 2026: 85% Of The AI Boom Is Still Ahead Of Us | Dan Ives. Pomp listed Muse among the strongest new AI agents. Timestamps: 19:01 (Muse).
Oct 8, 2026: Bitcoin Is Headed to $300K and Nobody's Ready | Bill Barhydt. Pomp mentioned his time as a product manager at Facebook. Timestamps: 17:26 (Pomp at Facebook).
Watch or listen to the episode
Bitcoin Is the Toll Collector of the AI Economy | Jordi Visser, released October 10, 2026. Pomp's take on Meta and Muse starts at 21:41.
Opinions from guests on The Pomp Podcast are their own. Nothing on this page is a recommendation to buy or sell any security.
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Meta posts results on its investor site.
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Frequently asked questions
What is Meta?
Meta Platforms is the company behind Facebook, Instagram, WhatsApp and the Muse AI agent. It was founded in 2004 and is based in Menlo Park, California.
Who is the CEO of Meta?
Mark Zuckerberg, who founded the company.
How much is Meta worth?
About $1.64 trillion at the October 23, 2026 close, according to StockAnalysis.
How much is Meta spending on AI?
Meta expects 2026 capital expenditures of $135 billion to $145 billion, according to its third-quarter 2026 results.
Does Meta own Muse?
Yes. Muse is Meta's consumer AI agent. Zuckerberg said Meta launched Muse and Muse Wonder, its first frontier model, in the third quarter of 2026.
Why did Amazon block Muse?
Amazon said Muse did not identify itself when shopping and appeared to store customer credentials, Business Insider reported. Meta has said Muse cannot see users' passwords or payment methods.
Sources
Last updated: October 24, 2026
Anthony Pompliano is an entrepreneur, investor, and author who serves as Chairman and CEO of Silvia, Inc (SVIA) and invests through Pomp Investments. He is the host of The Pomp Podcast, where he interviews founders, investors and economists about bitcoin, markets, AI and the economy.
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This profile is for informational purposes only and reflects reporting available as of October 25, 2026, plus opinions shared on The Pomp Podcast. It is not investment advice. Do your own research before making any investment decision.
