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175 | META | 2020 | We experience such cyber-attacks and other security incidents of varying degrees from time to time, and we incur significant costs in protecting against or remediating such incidents. In addition, we are subject to a variety of laws and regulations in the United States and abroad relating to cybersecurity and data prot... | [0.016377059742808342, -0.022133609279990196, 0.0003713055339176208, -0.033400923013687134, -0.02492780052125454, 0.029235510155558586, -0.0126514732837677, 0.0031192090827971697, 0.01745075359940529, -0.015380983240902424, 0.03252127021551132, 0.010633447207510471, -0.008085041306912899, -0.019533460959792137, 0.00824... |
176 | META | 2020 | which has occurred in the past and which could cause us to incur significant expense and liability or result in orders or consent decrees forcing us to modify our business practices. Such incidents or our efforts to remediate such incidents may also result in a decline in our active user base or engagement levels. Any ... | [-0.010292341001331806, -0.018865935504436493, 0.0009273513569496572, -0.00915098562836647, -0.026318315416574478, 0.018221404403448105, -0.012118509970605373, 0.0001714131358312443, 0.011440410278737545, -0.011171855963766575, 0.011937235482037067, 0.012877175584435463, 0.007425524760037661, 0.009721663780510426, -0.0... |
177 | META | 2020 | For example, in September 2018, we announced our discovery of a third-party cyber-attack that exploited a vulnerability in Facebook's code to steal user access tokens, which were then used to access certain profile information from approximately 29 million user accounts on Facebook. The events surrounding this cyber-at... | [-0.023191381245851517, -0.0024408535100519657, 0.01838820055127144, -0.05028289183974266, -0.02764119580388069, 0.014605858363211155, -0.03298097103834152, -0.012112654745578766, 0.00669435178861022, -0.01808718405663967, 0.03410651162266731, 0.0037528942339122295, 0.0006118493620306253, -0.006471861153841019, 0.01126... |
178 | META | 2020 | In addition, the changes in our work environment as a result of the COVID-19 pandemic could impact the security of our systems, as well as our ability to protect against attacks and detect and respond to them quickly. The rapid adoption of some third-party services designed to enable the transition to a remote workforc... | [-0.002271757461130619, -0.03316338360309601, 0.00788288377225399, -0.026188544929027557, -0.011054460890591145, 0.028978480026125908, -0.02916272170841694, -0.013252193108201027, 0.0063332850113511086, -0.0011153161758556962, 0.02124035730957985, 0.012192807160317898, -0.005099528003484011, 0.004474424757063389, 0.005... |
179 | META | 2020 | We anticipate that our ongoing efforts related to privacy, safety, security, and content review will identify additional instances of misuse of user data or other undesirable activity by third parties on our platform. | [-0.00025385423214174807, -0.023612525314092636, 0.012733524665236473, -0.04221000149846077, -0.01364772580564022, 0.0367509089410305, -0.028157414868474007, 0.0027034252416342497, 0.01161689218133688, -0.013177565298974514, 0.014797008596360683, -0.0028944280929863453, -0.003937597386538982, -0.024996887892484665, 0.0... |
180 | META | 2020 | In addition to our efforts to mitigate cybersecurity risks, we are making significant investments in privacy, safety, security, and content review efforts to combat misuse of our services and user data by third parties, including investigations and audits of platform applications. As a result of these efforts we have d... | [-0.0017881820676848292, -0.01593654602766037, 0.012406975962221622, -0.054547909647226334, -0.020161336287856102, 0.0388520173728466, -0.022688187658786774, -0.00845626275986433, 0.0149471964687109, -0.022728295996785164, 0.01589643768966198, 0.023557210341095924, -0.013690455816686153, -0.019680030643939972, 0.010414... |
181 | META | 2020 | Our products and internal systems rely on software and hardware that is highly technical, and any errors, bugs, or vulnerabilities in these systems, or failures to address or mitigate technical limitations in our systems, could adversely affect our business. | [-0.0025308995973318815, -0.0172735545784235, 0.005818425677716732, -0.030767280608415604, -0.006224823649972677, 0.013890211470425129, -0.02976284921169281, -0.005369075573980808, 0.021238410845398903, -0.011352703906595707, 0.006852592341601849, 0.004807387478649616, -0.009991436265408993, -0.024555671960115433, -0.0... |
182 | META | 2020 | Our products and internal systems rely on software and hardware, including software and hardware developed or maintained internally and/or by third parties, that is highly technical and complex. In addition, our products and internal systems depend on the ability of such software and hardware to store, retrieve, proces... | [0.0006231889128684998, 0.002367695327848196, 0.009450501762330532, -0.028148705139756203, -0.003420567838475108, 0.02341669425368309, -0.018468361347913742, -0.019793326035141945, -0.00447513023391366, -0.02432253584265709, 0.01983388513326645, 0.004211489576846361, -0.021212927997112274, -0.017400279641151428, 0.0003... |
183 | META | 2020 | be used within and across our products, and our systems are subject to errors, bugs and technical limitations that may prevent us from fulfilling these commitments reliably. In addition, any errors, bugs, vulnerabilities, or defects in our systems or the software and hardware on which we rely, failures to properly addr... | [-0.014400818385183811, -0.02433052472770214, 0.0013329328503459692, -0.01729469746351242, -0.01177438348531723, 0.023644771426916122, -0.021189775317907333, -0.014702550135552883, 0.005054001230746508, -0.012569856829941273, 0.006106632761657238, 0.013372188434004784, 0.0011109202168881893, -0.004423108417540789, 0.00... |
184 | META | 2020 | If we are unable to protect our intellectual property, the value of our brands and other intangible assets may be diminished, and our business may be adversely affected. | [-0.00867900624871254, -0.03535939007997513, 0.009065025486052036, -0.039605606347322464, -0.008550332859158516, 0.028694119304418564, -0.024911127984523773, 0.025052668526768684, 0.039502665400505066, -0.003073680680245161, 0.0034291401971131563, 0.028333833441138268, 0.008981388062238693, -0.012629272416234016, -0.00... |
185 | META | 2020 | We rely and expect to continue to rely on a combination of confidentiality, assignment, and license agreements with our employees, consultants, and third parties with whom we have relationships, as well as trademark, copyright, patent, trade secret, and domain name protection laws, to protect our proprietary rights. In... | [0.006951888091862202, -0.02164130099117756, 0.0036574986297637224, -0.04967331886291504, 0.006611885968595743, 0.03211204707622528, 0.0019277790561318398, 0.011909977532923222, 0.014233875088393688, -0.01654456928372383, 0.006073824595659971, 0.016122043132781982, -0.0029477854259312153, -0.014603586867451668, -0.0160... |
186 | META | 2020 | We are currently, and expect to be in the future, party to patent lawsuits and other intellectual property rights claims that are expensive and time consuming and, if resolved adversely, could have a significant impact on our business, financial condition, or results of operations. | [-0.01580456644296646, -0.023982884362339973, -0.004551355727016926, -0.03787446767091751, -0.013134094886481762, 0.021980030462145805, -0.015047077089548111, 0.029477890580892563, 0.006733952090144157, -0.007305278908461332, 0.0013472718419507146, 0.023174038156867027, 0.014854494482278824, -0.018821684643626213, 0.00... |
187 | META | 2020 | Companies in the Internet, technology, and media industries own large numbers of patents, copyrights, trademarks, and trade secrets, and frequently enter into litigation based on allegations of infringement, misappropriation, or other violations of intellectual property or other rights. In addition, various "non-practi... | [0.006709282286465168, -0.012978611513972282, 0.022944211959838867, -0.04364866390824318, -0.010725519619882107, 0.024370726197957993, -0.013665204867720604, 0.015491675585508347, -0.005279435310512781, -0.017051508650183678, 0.012012048624455929, 0.018118061125278473, 0.02065112441778183, 0.007285887375473976, 0.01405... |
188 | META | 2020 | From time to time, we receive notice from patent holders and other parties alleging that certain of our products and services, or user content, infringe their intellectual property rights. We presently are involved in a number of intellectual property lawsuits, and as we face increasing competition and gain an increasi... | [-0.016845272853970528, -0.013087279163300991, 0.0020021828822791576, -0.019381262362003326, -0.023270653560757637, 0.043361466377973557, -0.0029006192926317453, 0.01197696290910244, -0.005633705761283636, -0.005893217399716377, 0.009743190370500088, 0.009565802291035652, 0.010899496264755726, -0.0021894255187362432, 0... |
189 | META | 2020 | practices or discontinue the practices. The development of alternative non-infringing technology or practices could require significant effort and expense, could result in less effective technology or practices or otherwise negatively affect the user experience, or may not be feasible. We have experienced unfavorable o... | [-0.015023857355117798, -0.018745489418506622, 0.014625602401793003, -0.004741304088383913, -0.012016339227557182, 0.02633981592953205, -0.017358461394906044, -0.0027139761950820684, -0.0067154173739254475, -0.021904069930315018, 0.0010205305879935622, 0.007546261418610811, 0.03205272927880287, 0.0024959654547274113, 0... |
190 | META | 2020 | The trading price of our Class A common stock has been and will likely continue to be volatile. | [-0.02616293914616108, -0.01750246062874794, 0.007234350778162479, -0.007221385836601257, -0.02611107937991619, 0.005111366976052523, -0.051392413675785065, 0.025501735508441925, 0.011460871435701847, -0.0035750397946685553, -0.024088572710752487, 0.030363529920578003, 0.019032306969165802, -0.009853237308561802, 0.024... |
191 | META | 2020 | The trading price of our Class A common stock has been, and is likely to continue to be, volatile. Since shares of our Class A common stock were sold in our initial public offering in May 2012 at a price of $38.00 per share, our stock price has ranged from $17.55 to $304.67 through December 31, 2020. In addition to the... | [-0.005627634469419718, -0.008861759677529335, 0.0047806017100811005, -0.03341929242014885, -0.01963575929403305, 0.003088140394538641, -0.0413505993783474, 0.019789766520261765, 0.000496107735671103, 0.005842600949108601, -0.02503880299627781, 0.021406827494502068, 0.008181566372513771, -0.007584793493151665, 0.023883... |
192 | META | 2020 | •other events or factors, including those resulting from war, incidents of terrorism, pandemics, and other disruptive external events, or responses to these events. | [-0.031378425657749176, -0.026118231937289238, 0.0016837840666994452, -0.010892386548221111, -0.021053826436400414, 0.020466459915041924, -0.011505858041346073, -0.0026072547771036625, -0.012217223644256592, -0.022815927863121033, -0.0005347483092918992, 0.01952667348086834, -0.004202933982014656, 0.0037852509412914515... |
193 | META | 2020 | In addition, the stock markets have experienced extreme price and volume fluctuations that have affected and continue to affect the market prices of equity securities of many technology companies. We are currently subject to securities litigation in connection with our platform and user data practices and the misuse of... | [-0.01607128605246544, -0.03347739577293396, 0.0096708033233881, -0.040098126977682114, -0.013895522803068161, 0.027203721925616264, -0.03948410600423813, 0.010912190191447735, 0.0042180451564490795, -0.01583101786673069, -0.024827735498547554, 0.018380532041192055, 0.016752047464251518, 0.00046510290121659636, 0.01287... |
194 | META | 2020 | We do not intend to pay cash dividends for the foreseeable future. | [-0.04046826437115669, -0.035738538950681686, -0.0009484749753028154, -0.006708879955112934, -0.019045377150177956, 0.0023664450272917747, -0.0234842412173748, 0.009276085533201694, 0.014657099731266499, 0.014505344443023205, 0.029213029891252518, 0.02663317695260048, 0.015757331624627113, 0.005694011691957712, 0.00931... |
195 | META | 2020 | We have never declared or paid cash dividends on our capital stock. We currently intend to retain any future earnings to finance the operation and expansion of our business and fund our share repurchase program, and we do not expect to declare or pay any cash dividends in the foreseeable future. As a result, you may on... | [-0.028949135914444923, -0.0170266292989254, -0.00232327776029706, -0.05449552461504936, -0.012663636356592178, 0.01569904200732708, -0.037507563829422, 0.013559435494244099, 0.00523301400244236, 0.009357556700706482, -0.009119107387959957, 0.019398242235183716, 0.014848355203866959, 0.008365089073777199, 0.00220566382... |
196 | META | 2020 | The dual class structure of our common stock and a voting agreement between certain stockholders have the effect of concentrating voting control with our CEO and certain other holders of our Class B common stock; this will limit or preclude your ability to influence corporate matters. | [-0.019620221108198166, -0.019516274333000183, 0.002121192868798971, -0.046984583139419556, -0.04435989260673523, 0.010453290306031704, -0.03297756612300873, 0.0209585539996624, -0.009024002589285374, -0.006932045333087444, -0.016215918585658073, 0.017125464975833893, 0.005012251902371645, 0.019750157371163368, 0.01816... |
197 | META | 2020 | Our Class B common stock has ten votes per share and our Class A common stock has one vote per share. Stockholders who hold shares of Class B common stock, including certain of our executive officers, employees, and directors and their affiliates, together hold a substantial majority of the voting power of our outstand... | [-0.0028555358294397593, -0.013000761158764362, -0.0019471787381917238, -0.04722805321216583, -0.025362247601151466, 0.003132772399112582, -0.029380545020103455, 0.015929682180285454, -0.01641240157186985, -0.007325566839426756, -0.03908708319067955, 0.017221279442310333, -0.0026288542430847883, 0.0003361492417752743, ... |
198 | META | 2020 | Transfers by holders of Class B common stock will generally result in those shares converting to Class A common stock, subject to limited exceptions, such as certain transfers effected for estate planning or charitable purposes. The conversion of Class B common stock to Class A common stock will have the effect, over t... | [-0.013459804467856884, -0.009506899863481522, 0.016010921448469162, -0.04089760780334473, -0.020913852378726006, 0.009506899863481522, -0.04384733736515045, 0.02030264586210251, -0.025776920840144157, -0.009473682381212711, -0.016781572252511978, 0.01176570262759924, 0.009035209193825722, 0.01028419379144907, 0.027929... |
199 | META | 2020 | Our status as a "controlled company" could make our Class A common stock less attractive to some investors or otherwise harm our stock price. | [-0.0183817520737648, -0.013590268790721893, 0.003688312601298094, -0.029772326350212097, -0.0371888242661953, 0.012294375337660313, -0.03939516842365265, 0.024761537089943886, 0.013729826547205448, -0.0026632274966686964, -0.0209070835262537, 0.018182383850216866, 0.02000328153371811, -0.0006338249077089131, 0.0206678... |
200 | META | 2020 | Because we qualify as a "controlled company" under the corporate governance rules for Nasdaq-listed companies, we are not required to have a majority of our board of directors be independent, nor are we required to have a compensation committee or an independent nominating function. In the future we could elect not to ... | [-0.019468145444989204, -0.012619953602552414, -0.009694449603557587, -0.05335909500718117, -0.04332124441862106, 0.009060479700565338, -0.031698472797870636, 0.01847756654024124, 0.003952403087168932, -0.0012596840970218182, -0.012725615873932838, 0.0072378176264464855, 0.027049362659454346, 0.0009154584840871394, 0.0... |
201 | META | 2020 | Delaware law and provisions in our restated certificate of incorporation and bylaws could make a merger, tender offer, or proxy contest difficult, thereby depressing the trading price of our Class A common stock. | [-0.027527177706360817, -0.014079087413847446, 0.002473042346537113, -0.03431038185954094, -0.020205002278089523, 0.015880053862929344, -0.05621118098497391, 0.012777659110724926, -0.014788957312703133, -0.017181482166051865, 0.00291506783105433, 0.018601221963763237, 0.026002272963523865, 0.010641476139426231, 0.01514... |
202 | META | 2020 | Our status as a Delaware corporation and the anti-takeover provisions of the Delaware General Corporation Law may discourage, delay, or prevent a change in control by prohibiting us from engaging in a business combination with an interested stockholder for a period of three years after the person becomes an interested ... | [-0.04762355610728264, -0.02861146442592144, 0.0013799099251627922, -0.031224627047777176, -0.025225019082427025, -0.0033981113228946924, -0.024798380210995674, 0.012525848113000393, -0.010752631351351738, -0.0023381805513054132, 0.00020134101214352995, 0.016625581309199333, 0.00793281476944685, 0.010046010836958885, 0... |
203 | META | 2020 | •we currently have a dual class common stock structure, which provides Mr. Zuckerberg with the ability to control the outcome of matters requiring stockholder approval, even if he owns significantly less than a majority of the shares of our outstanding Class A and Class B common stock; | [-0.015735533088445663, 0.005560900550335646, -0.0032292825635522604, -0.04237505421042442, -0.022428415715694427, 0.01655399240553379, -0.03793953359127045, 0.010204335674643517, -0.0025626346468925476, 0.004468522034585476, -0.024368956685066223, 0.014692658558487892, 0.011121801100671291, 0.004214403685182333, 0.011... |
204 | META | 2020 | •certain litigation against us can only be brought in Delaware. | [-0.010338717140257359, -0.007275639567524195, 0.013873548246920109, -0.03359418734908104, -0.03944127634167671, 0.020199036225676537, -0.032982900738716125, 0.0001784649648470804, 0.0033653986174613237, -0.0013023061910644174, 0.016624337062239647, 0.02306942455470562, 0.011807133443653584, -6.0247498367971275e-06, -0... |
205 | META | 2020 | None. | [-0.00039173135883174837, 0.0027664112858474255, 0.03036193549633026, -0.0021589112002402544, 0.0011439616791903973, 0.015677418559789658, -0.005353185348212719, -0.032452259212732315, -0.002665161155164242, -0.026246612891554832, -0.00082959677092731, 0.012156532146036625, -0.0062513709999620914, -0.011333467438817024... |
206 | META | 2020 | Item 7.Management's Discussion and Analysis of Financial Condition and Results of Operations | [-0.021974166855216026, 0.005025550723075867, -0.025424454361200333, -0.03315700963139534, -0.016982262954115868, 0.005227429326623678, -0.02747994475066662, -0.005921768955886364, -0.0011982711730524898, -0.008038434199988842, -0.012424702756106853, 0.03134622424840927, -0.008693009614944458, 0.009268057532608509, -0.... |
207 | META | 2020 | You should read the following discussion of our financial condition and results of operations in conjunction with our consolidated financial statements and the related notes included in Part II, Item 8, "Financial Statements and Supplementary Data" of this Annual Report on Form 10-K. In addition to our historical conso... | [-0.01110837236046791, -0.0071710641495883465, -0.00871371477842331, -0.034596674144268036, -0.007906889542937279, 0.01386448834091425, -0.028632620349526405, 0.013696668669581413, 0.0011424648109823465, -0.0038437163457274437, 0.011231009848415852, 0.04102545976638794, -0.022307109087705612, -0.008958989754319191, 0.0... |
208 | META | 2020 | Certain revenue information in the section entitled "—Revenue—Foreign Exchange Impact on Revenue" is presented on a constant currency basis. This information is a non-GAAP financial measure. To calculate revenue on a constant currency basis, we translated revenue for the full year 2020 using 2019 monthly exchange rates... | [0.004371075890958309, -0.017329802736639977, -0.0012778476811945438, -0.005636048503220081, 0.023342447355389595, -0.02175881713628769, -0.020419813692569733, -0.019866185262799263, -0.0062186443246901035, -0.03932037204504013, 0.02031681314110756, 0.042770881205797195, -0.01008115615695715, -0.004412919748574495, -0.... |
209 | META | 2020 | •Facebook daily active users (DAUs) were 1.84 billion on average for December 2020, an increase of 11% year-over-year. | [-0.018620336428284645, 0.004583515226840973, -0.0024317835923284292, -0.03492557629942894, -0.019304906949400902, -0.01662885583937168, -0.027806036174297333, -0.005103167146444321, -0.008868308737874031, -0.027208592742681503, 0.006447415798902512, 0.017313428223133087, 0.005442340858280659, -0.003175476798787713, 0.... |
210 | META | 2020 | •Facebook monthly active users (MAUs) were 2.80 billion as of December 31, 2020, an increase of 12% year-over-year. | [-0.019033247604966164, 0.004145640414208174, -0.004245160613209009, -0.0180753655731678, -0.0190208088606596, -0.022018855437636375, -0.03938513994216919, -0.02285233698785305, -0.009976904839277267, -0.020438970997929573, 0.022703057155013084, 0.009224283508956432, 0.003427228657528758, -0.012887872755527496, 0.02428... |
211 | META | 2020 | •Family daily active people (DAP) was 2.60 billion on average for December 2020, an increase of 15% year-over-year. | [-0.0033339064102619886, 0.011152359656989574, 0.002386513166129589, -0.03724009543657303, -0.010890104807913303, -0.005736810155212879, -0.010778646916151047, -0.002206213306635618, -0.007880738005042076, -0.02433718927204609, 0.004022323526442051, 0.03629598021507263, -0.0037928512319922447, 0.00795285776257515, -0.0... |
212 | META | 2020 | •Family monthly active people (MAP) was 3.30 billion as of December 31, 2020, an increase of 14% year-over-year. | [-0.013734929263591766, -0.009266550652682781, -0.006579703651368618, -0.03233269602060318, -0.012473954819142818, -0.0032510526943951845, -0.015467962250113487, 0.0016134015750139952, -0.0026221817824989557, -0.024986708536744118, 0.014536780305206776, 0.010443461127579212, -0.013890126720070839, -0.009014355950057507... |
213 | META | 2020 | •Revenue was $85.97 billion, up 22% year-over-year, and advertising revenue was $84.17 billion, up 21% year-over-year. | [-0.011920139193534851, -0.014446014538407326, -0.00039330704021267593, -0.019124481827020645, 0.025980429723858833, -0.017830438911914825, -0.009288500994443893, -0.02986256219446659, -0.025905773043632507, -0.024039363488554955, 0.035113394260406494, 0.025880888104438782, 0.003272439120337367, -0.015740059316158295, ... |
214 | META | 2020 | •Total costs and expenses were $53.29 billion. | [0.003782703075557947, -0.00907979253679514, 0.01805514469742775, -0.013459764420986176, -0.01097277645021677, -0.01205634605139494, -0.014308343641459942, -0.018198750913143158, -0.004810788668692112, 0.00791789311915636, -0.003658680012449622, 0.04329057037830353, 0.02197166346013546, -0.0072390297427773476, 0.001575... |
215 | META | 2020 | •Income from operations was $32.67 billion and operating margin was 38%. | [-0.01877264678478241, -0.014187155291438103, -1.7689411833998747e-05, -0.025967560708522797, -0.0042054783552885056, 0.006298717111349106, -0.01896265335381031, -0.01195774506777525, -0.0064728897996246815, -0.019672011956572533, 0.020622042939066887, 0.04506955295801163, 0.003060688730329275, -0.005627360660582781, 0... |
216 | META | 2020 | •Net income was $29.15 billion with diluted earnings per share of $10.09. | [-0.026929941028356552, -0.021647335961461067, -0.008339960128068924, -0.02222728729248047, 0.0020093442872166634, -0.00738177914172411, -0.018129801377654076, -0.0007930999854579568, -0.00828952994197607, 0.005849949549883604, 0.006253394298255444, 0.04869074374437332, 0.01071650255471468, -0.003252773778513074, 0.016... |
217 | META | 2020 | •Capital expenditures, including principal payments on finance leases, were $15.72 billion. | [0.00575141329318285, 0.004256173502653837, 0.00860799103975296, -0.04264462739229202, 0.004425145220011473, 0.015277590602636337, -0.02059541642665863, -0.012943868525326252, 0.013900311663746834, -0.018669776618480682, 0.018121415749192238, 0.0454246886074543, -0.005231745541095734, 0.01935841515660286, 0.00280397338... |
218 | META | 2020 | •Effective tax rate was 12.2%. | [-0.030463457107543945, 0.002616552170366049, -0.008185933344066143, -0.043017782270908356, -0.007852858863770962, -0.009415744803845882, -0.009031428024172783, -0.016961149871349335, -0.024019755423069, -0.021355165168642998, 0.008211554028093815, 0.04199294000864029, 0.023686682805418968, 0.0033403474371880293, -0.00... |
219 | META | 2020 | •Cash and cash equivalents and marketable securities were $61.95 billion as of December 31, 2020. | [-0.00499458285048604, -0.017381779849529266, -0.005870604421943426, 0.0008791726431809366, -0.002596552949398756, -0.0034379116259515285, -0.03471313789486885, -0.01588182896375656, -0.00961102731525898, -0.013411321677267551, 0.024062231183052063, 0.01132525596767664, -0.029721707105636597, 0.010568978264927864, 0.00... |
220 | META | 2020 | •Headcount was 58,604 as of December 31, 2020, an increase of 30% year-over-year. | [-0.006368240341544151, -0.011042466387152672, -0.019223930314183235, -0.020265433937311172, -0.011638508178293705, -0.00752267986536026, -0.018232617527246475, -0.004241310991346836, -0.01312547642737627, -0.00248141773045063, 0.021783774718642235, 0.005364379845559597, -0.005082043819129467, -0.016965243965387344, -0... |
221 | META | 2020 | Our mission is to give people the power to build community and bring the world closer together. | [1.5035538126539905e-05, -0.009868668392300606, -0.0162214245647192, -0.02020697109401226, -0.022707456722855568, -0.01388594601303339, -0.003658705623820424, 0.017833413556218147, 0.012508775107562542, -0.023240555077791214, -0.02868577465415001, 0.020943153649568558, -0.0013501987559720874, -0.021907808259129524, 0.0... |
222 | META | 2020 | In response to the COVID-19 pandemic, we have focused on helping people stay connected, assisting the public health response, and working on the economic recovery. We have also continued to invest based on the following company priorities: (i) continue making progress on the major social issues facing the internet and ... | [-0.012943388894200325, -0.023732809349894524, 0.013876775279641151, -0.020560603588819504, -0.004474378656595945, 0.006226925645023584, 0.0006820898270234466, 0.002707146108150482, 0.016422374173998833, -0.00852449145168066, 0.0047681014984846115, 0.014085644856095314, -0.00967980083078146, -0.011631426401436329, 0.00... |
223 | META | 2020 | services to grow and create jobs; and (iv) communicate more transparently about what we're doing and the role our services play in the world. | [-0.01911352016031742, -0.013635543175041676, -0.0012457448756322265, -0.009959358721971512, 0.0010172207839787006, -0.013595943339169025, -0.007035570684820414, 0.01618313230574131, 0.01874392293393612, -0.007160970009863377, 0.0035342853516340256, 0.005784876178950071, -0.0008348965202458203, -0.026109492406249046, -... |
224 | META | 2020 | In 2020, we also continued to focus on our main revenue growth priorities: (i) helping marketers use our products to connect with consumers where they are and (ii) making our ads more relevant and effective. | [-0.031101634725928307, -0.020362332463264465, -0.00463509326800704, -0.012368801981210709, -0.002128293737769127, 0.003929404076188803, -0.014447377063333988, 0.00032016626209951937, -0.008352790959179401, -0.023274904116988182, 0.017706377431750298, 0.03202544525265694, 0.004237341228872538, -0.02357001043856144, 0.0... |
225 | META | 2020 | Our business has been impacted by the COVID-19 pandemic, which has resulted in authorities implementing numerous preventative measures to contain or mitigate the outbreak of the virus, such as travel bans and restrictions, limitations on business activity, quarantines, and shelter-in-place orders. These measures have c... | [-0.01912659779191017, -0.035373639315366745, -0.0010228700703009963, -0.03672095388174057, -0.008116915822029114, 0.0151639049872756, -0.008757551200687885, 0.0010468113468959928, -0.013261811807751656, -0.015731891617178917, -0.002072158269584179, 0.010831360705196857, -0.01416002307087183, 0.0033187551889568567, 0.0... |
226 | META | 2020 | The COVID-19 pandemic has also previously caused a reduction in the demand for advertising, as well as a related decline in the pricing of our ads, particularly in the second quarter of 2020. More recently, we believe the pandemic has contributed to an acceleration in the shift of commerce from offline to online, as we... | [-0.004850703291594982, -0.02334783785045147, -0.00027919746935367584, -0.025591086596250534, -0.0016123350942507386, 0.0029007529374212027, -0.012460345402359962, -0.012905127368867397, -0.014104104600846767, -0.01446508802473545, 0.015483574010431767, 0.029987338930368423, -0.004721781238913536, -0.005743490532040596... |
227 | META | 2020 | We intend to continue to invest in our business based on our company priorities, and we anticipate that additional investments in our data center capacity, servers, network infrastructure, and office facilities, as well as scaling our headcount to support our growth, will continue to drive expense growth in 2021. We ex... | [-0.0013351873494684696, -0.03835868090391159, 0.005074369255453348, -0.03270222246646881, -0.0027706781402230263, 0.018876785412430763, -0.02836121991276741, -0.010503912344574928, 0.009477856568992138, -0.004074623342603445, 0.026901064440608025, 0.031334150582551956, 0.0008682006155140698, -0.016929911449551582, 0.0... |
228 | META | 2020 | The numbers for our key Facebook metrics, our DAUs, MAUs, and average revenue per user (ARPU), do not include users on Instagram, WhatsApp, or our other products, unless they would otherwise qualify as DAUs or MAUs, respectively, based on their other activities on Facebook. | [-0.032849639654159546, 0.006440847180783749, 0.008778782561421394, -0.035325873643159866, -0.007125763688236475, -0.009522970765829086, -0.011604062281548977, -0.0075340792536735535, -0.01239435002207756, -0.02004697360098362, 0.016148218885064125, 0.026184875518083572, -0.007751408498734236, -0.013751011341810226, -0... |
229 | META | 2020 | Trends in the number of users affect our revenue and financial results by influencing the number of ads we are able to show, the value of our ads to marketers, the volume of Payments transactions, as well as our expenses and capital expenditures. Substantially all of our daily and monthly active users (as defined below... | [-0.018787799403071404, -0.003909841179847717, 0.019468888640403748, -0.02829735539853573, -0.01162350457161665, -0.007768279407173395, -0.04068547859787941, -0.0010730377398431301, -0.0012103801127523184, -0.03392598405480385, 0.014071572571992874, 0.024853352457284927, 0.00010672147618606687, -0.01016494445502758, -0... |
230 | META | 2020 | •Daily Active Users (DAUs). We define a daily active user as a registered and logged-in Facebook user who visited Facebook through our website or a mobile device, or used our Messenger application (and is also a registered Facebook user), on a given day. We view DAUs, and DAUs as a percentage of MAUs, as measures of us... | [-0.021585069596767426, 0.00611290754750371, 0.005389662459492683, -0.029933761805295944, -0.026644481346011162, -0.003669065423309803, -0.02927326411008835, 0.009359254501760006, -0.002248995006084442, -0.02215309627354145, 0.004613577388226986, 0.025217806920409203, 0.001319344388321042, 0.0067502879537642, -0.004983... |
231 | META | 2020 | Note: For purposes of reporting DAUs, MAUs, and ARPU by geographic region, Europe includes all users in Russia and Turkey and Rest of World includes all users in Africa, Latin America, and the Middle East. | [0.011224004440009594, -0.01591235212981701, 0.0029668444767594337, -0.04395325109362602, -0.022409789264202118, 0.009007231332361698, -0.011574356816709042, 0.014931365847587585, -0.015377268195152283, -0.03529000282287598, 0.003586330683901906, 0.009975477121770382, -0.02061343938112259, -0.012523491866886616, -0.003... |
232 | META | 2020 | Worldwide DAUs increased 11% to 1.84 billion on average during December 2020 from 1.66 billion during December 2019. Users in India, the Philippines, and Indonesia represented key sources of growth in DAUs during December 2020, relative to the same period in 2019. | [-0.009131340309977531, -0.007061915006488562, -0.0006373992655426264, -0.03704271838068962, -0.02441922202706337, -0.006463721394538879, -0.020642520859837532, 0.01165345311164856, -0.01624499075114727, -0.02440628781914711, 0.0016587739810347557, 0.019219789654016495, -0.00122952985111624, -0.002729055006057024, 0.00... |
233 | META | 2020 | •Monthly Active Users (MAUs). We define a monthly active user as a registered and logged-in Facebook user who visited Facebook through our website or a mobile device, or used our Messenger application (and is also a registered Facebook user), in the last 30 days as of the date of measurement. MAUs are a measure of the ... | [-0.02348758652806282, 0.01137720886617899, 0.0052041891030967236, -0.019795557484030724, -0.025281231850385666, -0.021157156676054, -0.03558487072587013, -0.0024793543852865696, 0.006683619227260351, -0.019834835082292557, 0.021091695874929428, 0.01585477590560913, -0.004559393506497145, -0.007403695490211248, -0.0061... |
234 | META | 2020 | As of December 31, 2020, we had 2.80 billion MAUs, an increase of 12% from December 31, 2019. Users in India, Indonesia, and the Philippines represented key sources of growth in 2020, relative to the same period in 2019. | [-0.0018469472415745258, -0.020717080682516098, -0.006918723229318857, -0.022020041942596436, -0.0221894271671772, -0.010821091011166573, -0.03181830793619156, 0.006351935211569071, -0.011101228184998035, -0.016039449721574783, 0.023336032405495644, 0.0016189290909096599, 0.006609269883483648, -0.0019886442460119724, 0... |
235 | META | 2020 | We calculate our revenue by Facebook user geography based on our estimate of the geography in which ad impressions are delivered, virtual and digital goods are purchased, or consumer hardware devices are shipped. We define ARPU as our total revenue in a given geography during a given quarter, divided by the average of ... | [0.015325910411775112, 0.007172159384936094, 0.022825267165899277, -0.03824279084801674, 0.004404072649776936, -0.010018774308264256, -0.021843675523996353, -0.006557029206305742, -0.014331230893731117, -0.03986569121479988, -0.0038641972932964563, 0.028165122494101524, -0.018637144938111305, -0.015522228553891182, -0.... |
236 | META | 2020 | Note: Our revenue by Facebook user geography in the charts above is geographically apportioned based on our estimation of the geographic location of our Facebook users when they perform a revenue-generating activity. This allocation differs from our revenue disaggregated by geography disclosure in our consolidated fina... | [-0.016536472365260124, -0.008357005193829536, 0.015407832339406013, -0.015927767381072044, 0.0029912118334323168, -0.0070825302973389626, -0.03162727132439613, -0.0006614113226532936, -0.014520137570798397, -0.03697879612445831, 0.017360758036375046, 0.025730445981025696, -0.011780967935919762, -0.010557218454778194, ... |
237 | META | 2020 | Our annual worldwide ARPU in 2020, which represents the sum of quarterly ARPU during such period, was $32.03, an increase of 10% from 2019. Over this period, ARPU increased by 18% in the United States & Canada, 15% in Europe, and 9% in Asia‑Pacific, and ARPU was flat in Rest of World. In addition, user growth was more ... | [0.008357591927051544, -0.014066469855606556, 0.02603711187839508, -0.0502484105527401, 0.006444988772273064, -0.009868387132883072, -0.0006537404842674732, 0.010903442278504372, -0.02513706311583519, -0.019235318526625633, 0.002811043756082654, 0.018785294145345688, -0.015416542068123817, -0.001975284656509757, 0.0084... |
238 | META | 2020 | The numbers for our key Family metrics, our DAP, MAP, and average revenue per person (ARPP), do not include users on our other products unless they would otherwise qualify as MAP or DAP, respectively, based on their other activities on our Family products. | [-0.009785369969904423, 0.004059166647493839, -0.002417542040348053, -0.05220670998096466, -0.0050485460087656975, -0.0016323068412020802, 0.007996355183422565, 0.01221815962344408, -0.011811564676463604, -0.02247111313045025, 0.006576663348823786, 0.028163433074951172, -0.016751686111092567, 0.0026089802850037813, -0.... |
239 | META | 2020 | Trends in the number of people in our community affect our revenue and financial results by influencing the number of ads we are able to show, the value of our ads to marketers, the volume of Payments transactions, as well as our expenses and capital expenditures. Substantially all of our daily and monthly active peopl... | [0.0029339659959077835, -0.0007012914284132421, 0.005988368298858404, -0.023980237543582916, -0.014947502873837948, 0.0036197847221046686, -0.026589693501591682, 0.011120299808681011, 0.005188804119825363, -0.03147406131029129, -0.0027951295487582684, 0.020353760570287704, -0.0008388733840547502, -0.009307061322033405,... |
240 | META | 2020 | •Daily Active People (DAP). We define a daily active person as a registered and logged-in user of Facebook, Instagram, Messenger, and/or WhatsApp (collectively, our "Family" of products) who visited at least one of these Family products through a mobile device application or using a web or mobile browser on a given day... | [-0.015237404964864254, 0.013417608104646206, 0.015196663327515125, -0.04723323881626129, -0.01970541477203369, -0.003931576386094093, -0.023277105763554573, 0.011102119460701942, 0.00222721416503191, -0.026604345068335533, 0.001512536546215415, 0.020886924117803574, -0.019732575863599777, 0.025775931775569916, -0.0156... |
241 | META | 2020 | Note: We report the numbers of DAP and MAP as specific amounts, but these numbers are estimates of the numbers of unique people using our products and are subject to statistical variances and errors. While we expect the error margin for these estimates to vary from period to period, we estimate that such margin general... | [-0.010391545481979847, 0.009186825715005398, 0.008466686122119427, -0.06504138559103012, -0.0180102176964283, 0.0037252074107527733, -0.012713490054011345, 0.014645079150795937, -0.011286672204732895, -0.015291186049580574, 0.00304040196351707, 0.029747817665338516, -0.03876638785004616, 0.017444873228669167, -0.01433... |
242 | META | 2020 | Worldwide DAP increased 15% to 2.60 billion on average during December 2020 from 2.26 billion during December 2019. | [-0.013081912882626057, -0.011431053280830383, 0.015982426702976227, -0.044882338494062424, -0.00546559551730752, -0.0061331745237112045, -0.003400376532226801, -0.007287460844963789, -0.02474316582083702, -0.01762671023607254, 0.02103366330265999, 0.02801857702434063, -0.026532145217061043, 0.01606135256588459, -0.001... |
243 | META | 2020 | •Monthly Active People (MAP). We define a monthly active person as a registered and logged-in user of one or more Family products who visited at least one of these Family products through a mobile device application or using a web or mobile browser in the last 30 days as of the date of measurement. We do not require pe... | [-0.01148656103760004, -0.00012404605513438582, 0.0013967896811664104, -0.046211980283260345, -0.019319212064146996, -0.004696933552622795, -0.018349265679717064, 0.021338827908039093, 0.005085576791316271, -0.03162292018532753, 0.0013685548910871148, 0.004361438564956188, -0.021870305761694908, 0.012243916280567646, -... |
244 | META | 2020 | Note: We report the numbers of DAP and MAP as specific amounts, but these numbers are estimates of the numbers of unique people using our products and are subject to statistical variances and errors. While we expect the error margin for these estimates to vary from period to period, we estimate that such margin general... | [-0.01281109917908907, 0.005778737366199493, 0.007816714234650135, -0.06441079825162888, -0.015083711594343185, 0.001972614321857691, -0.01437310129404068, 0.016933979466557503, -0.012328419834375381, -0.01733621209859848, 0.0034893653355538845, 0.024656839668750763, -0.03858748450875282, 0.014064722694456577, -0.01321... |
245 | META | 2020 | As of December 31, 2020, we had 3.30 billion MAP, an increase of 14% from 2.89 billion as of December 31, 2019. | [-0.009921051561832428, -0.018920723348855972, -0.006871414836496115, -0.045601796358823776, -0.009408452548086643, 0.0084221875295043, -0.020205462351441383, 0.0006760297692380846, -0.008772570639848709, -0.010842430405318737, 0.028212381526827812, 0.004908616654574871, -0.020529892295598984, -0.001167945796623826, 0.... |
246 | META | 2020 | •Average Revenue Per Person (ARPP). We define ARPP as our total revenue during a given quarter, divided by the average of the number of MAP at the beginning and end of the quarter. While ARPP includes all sources of revenue, the number of MAP used in this calculation only includes users of our Family products as descri... | [-0.004077758174389601, 0.011763916350901127, 0.01205019187182188, -0.03853398188948631, 0.00499317329376936, -0.017269723117351532, 0.010465691797435284, 0.008288667537271976, -0.016537390649318695, -0.035711176693439484, 0.0031723293941468, 0.03121066279709339, -0.01023267675191164, -0.015272453427314758, -0.01699010... |
247 | META | 2020 | Our annual worldwide ARPP in 2020, which represents the sum of quarterly ARPP during such period, was $27.51, an increase of 8% from 2019. | [-0.024035150185227394, -0.010847950354218483, 0.010725846514105797, -0.0428776778280735, -0.004190084990113974, -0.025731747969985008, -0.0025416850112378597, 0.0044824909418821335, -0.022711288183927536, -0.004630301147699356, -0.00047716841800138354, 0.020204950124025345, -0.012152531184256077, -0.014112617820501328... |
248 | META | 2020 | Our consolidated financial statements are prepared in accordance with U.S. GAAP. The preparation of these consolidated financial statements requires us to make estimates and assumptions that affect the reported amounts of assets, liabilities, revenue, costs and expenses, and related disclosures. On an ongoing basis, we... | [-0.010291920974850655, -0.016961686313152313, -0.0011826653499156237, -0.02997647039592266, -0.011859441176056862, 0.00016403140034526587, -0.020558862015604973, 0.008362186141312122, -0.004053068347275257, -0.02213262766599655, 0.004565166309475899, 0.023631449788808823, -0.015837568789720535, 0.000771659892052412, -... |
249 | META | 2020 | An accounting policy is deemed to be critical if the nature of the estimates or assumptions is material due to the levels of subjectivity and judgment necessary to account for highly uncertain matters or the susceptibility of such matters to change, and the impact of the estimates and assumptions on our consolidated fi... | [0.0012548606609925628, -0.007038308773189783, 0.019386332482099533, -0.03446749225258827, 0.00788629800081253, -0.008160263299942017, -0.011258685030043125, 0.014311444945633411, 0.0035909072030335665, -0.026679039001464844, -0.00014401544467546046, 0.021447598934173584, -0.005264054983854294, 0.022543461993336678, -0... |
250 | META | 2020 | In response to the economic slowdown caused by the COVID-19 pandemic, we believe that the assumptions and estimates associated with collectibility assessment of revenue and credit losses of accounts receivable could have a material impact to our consolidated financial statements in future periods, depending on the dura... | [-0.035165008157491684, -0.0260343998670578, 0.01920885406434536, -0.030068257823586464, -0.001210157759487629, -0.005929132923483849, 0.003335937624797225, 0.006284496746957302, -0.006960007827728987, -0.01348461490124464, 0.018145963549613953, 0.024267185479402542, -0.006287698168307543, -0.004613326396793127, -0.003... |
251 | META | 2020 | Under Topic 606, we recognize revenue using a five-step model. In step one, for a revenue contract to exist, it must be probable that substantially all of the consideration to which we are entitled to will be collected. In performing such collectibility assessment, we consider various facts and circumstances including ... | [0.004686316940933466, -0.02142888493835926, 0.006875935010612011, -0.016248568892478943, 0.017877429723739624, 0.011822602711617947, -0.021896181628108025, -0.001134028541855514, -0.01610170304775238, -0.029559845104813576, 0.012603655457496643, 0.016248568892478943, -0.022390179336071014, -0.007523474283516407, -0.01... |
252 | META | 2020 | On January 1, 2020, we adopted Accounting Standards Update No. 2016-13, Financial Instruments-Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments, which requires the measurement and recognition of expected credit losses for financial assets held at amortized cost that an entity does not exp... | [-0.0316663421690464, -0.002217539818957448, 0.015103590674698353, -0.026469683274626732, 0.007289402652531862, 0.008716563694179058, -0.0033311096485704184, 0.022053802385926247, 0.00047038725460879505, -0.005375854205340147, 0.023064974695444107, 0.027391258627176285, -0.02502332255244255, 0.006745417136698961, -0.01... |
253 | META | 2020 | For accounts receivable measured at amortized cost, we use aging analysis, probability of default methods and incorporate macroeconomic variables that are most relevant to evaluating and estimating the expected credit losses. These macroeconomic variables may vary by geography, customer-type, or industry sub-vertical. ... | [-0.02433524653315544, -0.025635404512286186, 0.008871267549693584, -0.02056610770523548, 0.003966133110225201, 0.0061232103034853935, -0.008352519012987614, 0.020644905045628548, -0.02126215025782585, -0.01652117632329464, 0.011025061830878258, 0.021643005311489105, -0.027132553979754448, 0.005299121607095003, -0.0099... |
254 | META | 2020 | Gross vs. Net in Revenue Recognition | [-0.0050356388092041016, -0.025717971846461296, 0.028095722198486328, 0.008144480176270008, 0.008226471021771431, -0.010611054487526417, -0.01201857440173626, -0.0037955190055072308, -0.028451018035411835, -0.040257781744003296, 0.033698469400405884, 0.032222624868154526, 0.007823347114026546, 0.003675948129966855, 0.0... |
255 | META | 2020 | For revenue generated from arrangements that involve third-party publishers, there is significant judgment in evaluating whether we are the principal, and report revenue on a gross basis, or the agent, and report revenue on a net basis. In this assessment, we consider if we obtain control of the specified goods or serv... | [0.02840312197804451, -0.015410487540066242, 0.00602470338344574, -0.02084401249885559, -0.0013932541478425264, 0.017376653850078583, -0.0010129738366231322, 0.004506903234869242, 0.003266425570473075, -0.030874114483594894, -0.00180342560634017, 0.030980393290519714, -0.0041747805662453175, 0.01070098951458931, 0.0008... |
256 | META | 2020 | establishing price. The assessment of whether we are considered the principal or the agent in a transaction could impact our revenue and cost of revenue recognized on the consolidated statements of income. | [0.004816662985831499, -0.00012680717918556184, 0.010842314921319485, -0.025916092097759247, 0.0057459124363958836, 0.014096295461058617, -0.011009516194462776, 0.012790844775736332, 0.0036494743544608355, -0.04239178076386452, -0.008462921716272831, 0.03251408413052559, 0.017285969108343124, 0.004729847423732281, -0.0... |
257 | META | 2020 | For our equity securities without readily determinable fair values accounted for using the measurement alternative, determining whether an equity security issued by the same issuer is similar to the equity security we hold may require judgment in (a) assessment of differences in rights and obligations associated with t... | [-0.015488128177821636, -0.027130210772156715, 0.005028444342315197, -0.027026263996958733, -0.009861988015472889, 0.0021325412672013044, -0.030742375180125237, -0.01194742787629366, 0.003293826011940837, -0.020646506920456886, -0.014318722300231457, 0.021815912798047066, -0.01999683678150177, 0.009647596627473831, -0.... |
258 | META | 2020 | We are subject to income taxes in the United States and numerous foreign jurisdictions. Significant judgment is required in determining our provision for income taxes and income tax assets and liabilities, including evaluating uncertainties in the application of accounting principles and complex tax laws. | [0.004707611631602049, -0.029882825911045074, 0.0034311306662857533, -0.0414244718849659, 0.012814990244805813, -0.0061785439029335976, -0.014050698839128017, 0.009703763760626316, 0.015280134975910187, -0.01716192625463009, 0.013875065371394157, -0.007508342154324055, -0.010707385838031769, 0.010883019305765629, -0.00... |
259 | META | 2020 | We recognize tax benefits from uncertain tax positions only if we believe that it is more likely than not that the tax position will be sustained on examination by the taxing authorities based on the technical merits of the position. These uncertain tax positions include our estimates for transfer pricing that have bee... | [-0.004805219359695911, -0.028497666120529175, 0.010016052983701229, -0.029989279806613922, 0.009859041310846806, 0.0008635655976831913, -0.018592828884720802, -0.0006423587328754365, 0.0022374200634658337, -0.005694953724741936, 0.03430710732936859, 0.010225402191281319, -0.010029137134552002, 0.027607930824160576, -0... |
260 | META | 2020 | We are involved in legal proceedings, claims, and regulatory, tax or government inquiries and investigations that arise in the ordinary course of business. Certain of these matters include speculative claims for substantial or indeterminate amounts of damages. Additionally, we are required to comply with various legal ... | [-0.0017786022508516908, -0.024065375328063965, -0.005704020150005817, -0.03342851623892784, -0.017043020576238632, 0.007850836031138897, -0.02059364877641201, 0.010467780753970146, 0.008929175324738026, -0.005993330851197243, 0.012026112526655197, 0.012604733929038048, -0.0003355426888447255, 0.011342287994921207, 0.0... |
261 | META | 2020 | We review the developments in our contingencies that could affect the amount of the provisions that have been previously recorded, and the matters and related reasonably possible losses disclosed. We make adjustments to our provisions and changes to our disclosures accordingly to reflect the impact of negotiations, set... | [-0.01227273978292942, -0.023971550166606903, 0.025146102532744408, -0.02042119763791561, 0.010177230462431908, 0.007954924367368221, -0.018565937876701355, -0.005632513202726841, 0.009009351953864098, -0.013467312790453434, 0.020901696756482124, 0.01916656270623207, -0.003984135575592518, 0.018565937876701355, -0.0051... |
262 | META | 2020 | and updated information. Significant judgment is required to determine the probability of loss and the estimated amount of loss, including when and if the probability and estimate has changed for asserted and unasserted matters. | [-0.011954638175666332, -0.015548446215689182, 0.011786072514951229, -0.027415430173277855, -0.009729578159749508, 0.0029954020865261555, -0.021724671125411987, 0.0027661535423249006, -0.010963475331664085, -0.010902791284024715, -0.0037960864137858152, 0.02608039416372776, -0.025055518373847008, 0.0074370927177369595,... |
263 | META | 2020 | The ultimate outcome of these matters, such as whether the likelihood of loss is remote, reasonably possible, or probable or if and when the reasonably possible range of loss is estimable, is inherently uncertain. Therefore, if one or more of these matters were resolved against us for amounts in excess of management's ... | [-0.010640640743076801, -0.033279046416282654, 0.0031272864434868097, -0.02908310666680336, -0.014659564010798931, 0.007572359871119261, -0.01799009181559086, -0.00014105979062151164, -0.009421195834875107, -0.00900815799832344, 0.012528813444077969, 0.040018774569034576, -0.02424466423690319, 0.02382506988942623, -0.0... |
264 | META | 2020 | We allocate the fair value of purchase consideration to the tangible assets acquired, liabilities assumed, and intangible assets acquired based on their estimated fair values. The excess of the fair value of purchase consideration over the fair values of these identifiable assets and liabilities is recorded as goodwill... | [-0.019009364768862724, -0.0031035365536808968, 0.02157960832118988, -0.033321838825941086, -0.027529004961252213, 0.010235310532152653, -0.023941101506352425, 0.00021140091121196747, 0.008271748200058937, -0.012805554084479809, -0.010398397222161293, 0.024828292429447174, -0.01971389912068844, 0.020588042214512825, -0... |
265 | META | 2020 | We review goodwill for impairment at least annually or more frequently if events or changes in circumstances would more likely than not reduce the fair value of our single reporting unit below its carrying value. As of December 31, 2020, no impairment of goodwill has been identified. | [-0.00791909359395504, -0.022084053605794907, 0.011086731217801571, -0.02730810083448887, -0.002514631487429142, 0.012715253978967667, -0.009835002943873405, 0.01988714374601841, 0.007580616045743227, -0.018086187541484833, -0.00310377380810678, 0.019286824390292168, -0.0006565982475876808, 0.011885026469826698, -0.005... |
266 | META | 2020 | Long-lived assets, including property and equipment and intangible assets are reviewed for possible impairment whenever events or circumstances indicate that the carrying amount of such assets may not be recoverable. The evaluation is performed at the lowest level for which identifiable cash flows are largely independe... | [-0.0112115778028965, -0.014045416377484798, 0.016416721045970917, -0.027804192155599594, -0.003820796264335513, 0.010462402366101742, -0.019074665382504463, -0.007003164850175381, -0.006384280510246754, -0.016638215631246567, -0.0091529730707407, 0.03499627858400345, -0.013706658966839314, 0.02631887048482895, -0.0125... |
267 | META | 2020 | The useful lives of our long-lived assets including property and equipment and finite-lived intangible assets are determined by management when those assets are initially recognized and are routinely reviewed for the remaining estimated useful lives. The current estimate of useful lives represents our best estimate bas... | [-0.011646710336208344, -0.009280458092689514, 0.01798088662326336, -0.03643634170293808, -0.020353730767965317, -0.0025590467266738415, -0.00953751616179943, 0.011284193024039268, -0.007645831443369389, -0.00626496784389019, -0.0031802705489099026, 0.03295617178082466, -0.007909480482339859, 0.008080853149294853, -0.0... |
268 | META | 2020 | Advertising. We generate substantially all of our revenue from advertising. Our advertising revenue is generated by displaying ad products on Facebook, Instagram, Messenger, and third-party affiliated websites or mobile applications. Marketers pay for ad products either directly or through their relationships with adve... | [-0.01483402494341135, 0.010041989386081696, -0.01965830661356449, -0.013582807034254074, -0.011647934094071388, -0.014330958016216755, -0.01372469775378704, -0.013337722979485989, 0.005295102018862963, -0.021993054077029228, 0.01086108572781086, 0.024302002042531967, -0.021799566224217415, -0.008816570043563843, -0.01... |
269 | META | 2020 | We recognize revenue from the display of impression-based ads in the contracted period in which the impressions are delivered. Impressions are considered delivered when an ad is displayed to a user. We recognize revenue from the delivery of action-based ads in the period in which a user takes the action the marketer co... | [-0.005850892513990402, -0.00965757668018341, -0.006299701519310474, -0.010594505816698074, -0.0029336363077163696, -0.018856516107916832, -0.018319256603717804, -0.02825201489031315, -0.010306219570338726, -0.010391395539045334, 0.00790820550173521, 0.04282355681061745, -0.016995761543512344, -0.009945861995220184, -0... |
270 | META | 2020 | Other revenue. Other revenue consists of revenue from the delivery of consumer hardware devices, net fees we receive from developers using our Payments infrastructure, and revenue from various other sources. | [0.015420649200677872, -0.01421449240297079, -0.008235586807131767, -0.011711392551660538, -0.00034632423194125295, -0.014499819837510586, -0.007567660883069038, 0.010518205352127552, -0.006815433967858553, -0.028065841645002365, 0.021555189043283463, 0.023254184052348137, -0.017197459936141968, -0.010206939652562141, ... |
271 | META | 2020 | Cost of revenue. Our cost of revenue consists primarily of expenses associated with the delivery and distribution of our products. These include expenses related to the operation of our data centers and technical infrastructure, such as facility and server equipment depreciation, salaries, benefits, and share-based com... | [0.014542888849973679, -0.009270290844142437, 0.002455313690006733, -0.006765326485037804, 0.005067588295787573, -0.0025754368398338556, 0.0017714136047288775, -0.006265614647418261, -0.0063232737593352795, -0.02366582863032818, -0.017938366159796715, 0.04438463971018791, -0.004385289736092091, -0.02839387021958828, 0.... |
272 | META | 2020 | Research and development. Research and development expenses consist primarily of salaries and benefits, share-based compensation, and facilities-related costs for employees on our engineering and technical teams who are responsible for building new products as well as improving existing products. | [0.005527178291231394, 0.0033547398634254932, 0.0023955448996275663, -0.04765684902667999, -0.021848149597644806, -0.003077892353758216, 0.0055108931846916676, 0.0002560839056968689, -0.006592226680368185, -0.0008899831445887685, -0.000633085030131042, 0.02595200575888157, -0.0035241052974015474, -0.003589245956391096,... |
273 | META | 2020 | Marketing and sales. Marketing and sales expenses consist of salaries and benefits, and share-based compensation for our employees engaged in sales, sales support, marketing, business development, and customer service functions. Our marketing and sales expenses also include marketing and promotional expenditures and pr... | [-0.0021815793588757515, 0.0023370699491351843, -5.354803579393774e-05, -0.03616175800561905, -0.042796023190021515, -0.012684258632361889, 0.004777800291776657, 0.003464768873527646, 0.012181662954390049, -0.016862085089087486, -0.004419700708240271, 0.02555699087679386, -0.008895943872630596, 0.002740717027336359, -0... |
274 | META | 2020 | General and administrative. General and administrative expenses consist of legal-related costs; salaries and benefits, and share-based compensation for certain of our executives as well as our legal, finance, human resources, corporate communications and policy, and other administrative employees; and professional serv... | [0.0052671656012535095, 0.015695961192250252, 0.003255600808188319, -0.04285368323326111, -0.01701355166733265, -0.01627160795032978, -3.562811980373226e-05, 0.0005044902209192514, 0.0015046759508550167, -0.01497960090637207, 0.008161388337612152, 0.01845906488597393, 0.003578602336347103, 0.0017189444042742252, -0.003... |
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