Risk Sleuth
META · 10-K filed 29 Jan 2026 · year to 31 Dec 2025

Meta Platforms

35 named things its latest annual report says its results depend on, each in the company's own words. 25 of them are also named by other companies we've read.

Read the filing on SEC.gov ↗

Suppliers

Third-party technical infrastructure providers

depends onnamed as a risk
A substantial portion of our technical infrastructure is provided by third parties.Risk factors (Item 1A)

Partners and platforms

Apple iOS

depends onnamed as a risk
For example, our advertising revenue has been negatively impacted by marketer reaction to targeting and measurement challenges associated with iOS changes beginning in 2021.Risk factors (Item 1A)

Also named by CART

Other companies

Facebook and Instagram advertising

earns from · Substantially all of our revenuenamed as a risk
Substantially all of our revenue is currently generated from marketers advertising on Facebook and Instagram.Risk factors (Item 1A)

Reality Labs

approximately $19.19 billionnamed as a risk
For example, our investments in Reality Labs reduced our 2025 overall operating profit by approximately $19.19 billion, and we expect our 2026 Reality Labs operating losses to remain similar to 2025.Risk factors (Item 1A)

Competitors

Apple

competes withnamed as a risk
For example, each of Apple and Google have integrated competitive products with iOS and Android, respectively.Risk factors (Item 1A)

Also named by ABNB, AMKR, BBY, BKNG, CDW, GLW, INTC, NYT and 5 more

TikTok

competes withnamed as a risk
User growth and engagement are also impacted by a number of other factors, including competitive products and services, such as TikTok, that have reduced some users' engagement with our products and services, as well as global and regional business, macroeconomic, and geopolitical conditions.Risk factors (Item 1A)

Also named by EBAY, HAS

Places

China

earns fromnamed as a risk
For example, we generate meaningful revenue from a small number of resellers serving advertisers based in China, and it is possible that the Chinese, United States, or other government could take action that reduces or eliminates our China-based advertising revenue, whether as a result of the trade dispute with the United States, including any tariffs implemented by the United States or China, in response to content issues or information requests in Hong Kong or elsewhere, or for other reasons, or take other action against us, such as imposing taxes or other penalties, which could adversely affect our financial results.Risk factors (Item 1A)

Also named by A, AA, AAOI, AAP, AAPL, AB, ADI, AEHR and 261 more

Russia

operates innamed as a risk
In addition, in connection with the war in Ukraine in 2022, access to Facebook and Instagram was restricted in Russia and the services were then prohibited by the Russian government, which has adversely affected, and will likely continue to adversely affect, our revenue and business in the region.Risk factors (Item 1A)

Also named by ALSN, ATR, AVY, AXP, BKR, BSX, C, CDNA and 50 more

Canada

subject tonamed as a risk
For example, as a result of such legislation in Canada, we have ended the availability of news content for Canadian users on Facebook and Instagram.Risk factors (Item 1A)

Also named by AAP, AJG, ALL, AMRC, AOS, ARE, BBY, BF/B and 97 more

Brazil

subject tonamed as a risk
As a result, we anticipate making product and operational changes to our content reporting processes in Brazil and may face increased litigation and/or regulatory enforcement.Risk factors (Item 1A)

Also named by ADM, ASO, AZO, BALL, CPAY, CPRT, CTVA, DE and 32 more

Asia

concentrated innamed as a risk
The manufacturing of our consumer hardware products depends on a small number of third parties, often with significant operations in a single region such as Asia.Risk factors (Item 1A)

Also named by AAPL, AYI, CART, CB, CDW, CHD, CLS, COHR and 31 more

Turkey

earns fromnamed as a risk
Similarly, if we are found to be out of compliance with certain legal requirements for companies in Turkey, the Turkish government could take action to reduce or eliminate our Turkey-based advertising revenue or otherwise adversely impact access to our products.Risk factors (Item 1A)

Also named by BALL, COR, ECL, IQV, JNJ, YUM

Hazards

Earthquakes

operates innamed as a risk
In addition, our business may be subject to interruptions, delays, or failures resulting from earthquakes, adverse weather conditions, other natural disasters, power loss, terrorism, geopolitical conflict, other physical security threats, cyber-attacks, or other catastrophic events and crises.Risk factors (Item 1A)

Also named by AAPL, AMKR, AN, ANET, APP, BRO, CDNS, CEG and 37 more

Commodities and inputs

Euro

exposed to its pricenamed as a risk
We have foreign currency risks related to our revenue and operating expenses denominated in currencies other than the U.S. dollar, the majority of which is in Euro.Market risk (Item 7A)

Also named by ABBV, ABNB, ABT, ADBE, ADI, AME, AMG, AMGN and 186 more

Data center components and equipment

depends onnamed as a risk
For example, like others in our industry, we rely on certain third-party equipment and components for our technical infrastructure that are manufactured by a small number of third parties, often with significant operations in a single region such as Asia.Risk factors (Item 1A)

Electric power / energy

depends onnamed as a risk
Our ability to provide and continue to innovate our products and services depends on the continued availability of components, power, and network capacity.Business (Item 1)

Regulators

Irish Data Protection Commission

subject to · EUR €1.2 billionnamed as a risk
The IDPC issued an administrative fine of EUR €1.2 billion as well as corrective orders requiring Meta Platforms Ireland to suspend the relevant transfers and to bring its processing operations into compliance with Chapter V GDPR by ceasing the unlawful processing, including storage, of such data in the United States.Risk factors (Item 1A)

Also named by ABNB

Federal Trade Commission (FTC)

subject tonamed as a risk
If the challenge is unsuccessful and the FTC is able to impose the proposed order in its current form, it would limit our ability to provide certain features and services, engage in certain business practices, require us to further increase the time, resources, and costs we spend on compliance and oversight efforts, and would adversely affect our business and financial results.Risk factors (Item 1A)

Also named by AMZN, AN, AVGO, BJ, CART, CELH, CHD, CHE and 56 more

Internal Revenue Service (IRS)

subject tonamed as a risk
Although we disagree with the IRS' position and are litigating this issue, the ultimate resolution is uncertain and, if resolved in a manner unfavorable to us, may adversely affect our financial results.Risk factors (Item 1A)

Also named by AAPL, ABNB, ADI, AJG, AMGN, BBSI, BMNR, BRO and 39 more

European Commission

subject tonamed as a risk
In April 2025, the European Commission issued a final decision that our "subscription for no ads" model does not comply with such requirements.Risk factors (Item 1A)

Also named by AAPL, BKNG, CCK, FWONA, IONS, KRYS, MRNA, TEX and 1 more

Competition Commission of India

subject tonamed as a risk
In addition, we have been managing investigations and lawsuits in India and other jurisdictions regarding the 2021 updates to WhatsApp's terms of service and privacy policy and its sharing of certain data with other Meta products and services, including a lawsuit currently pending before the Supreme Court of India and an order by the Competition Commission of India, which we are appealing.Risk factors (Item 1A)

Nevada Attorney General

subject tonamed as a risk
For example, the Nevada Attorney General is seeking to enjoin our offering of default end-to-end encryption on Messenger for all Nevada residents under the age of 18.Risk factors (Item 1A)

Laws and programs

OECD global minimum tax

subject to · 15%named as a risk
A number of countries have enacted legislation to implement the OECD’s 15% global minimum tax regime.Risk factors (Item 1A)

Also named by AAPL, APP, ARW, AXP, BAC, BALL, CB, CBRE and 15 more

General Data Protection Regulation (GDPR)

subject tonamed as a risk
In particular, we have seen increases in the number of users opting to control certain types of ad targeting in Europe following product changes implemented in connection with our GDPR and ePrivacy Directive compliance, and we have introduced product changes that limit data signal use for users in certain U.S. states following adoption of state privacy laws.Risk factors (Item 1A)

Also named by A, AB, ABNB, ADBE, ADP, AGX, AIOT, AJG and 100 more

One Big Beautiful Bill Act (OBBBA)

subject tonamed as a risk
For example, the One Big Beautiful Bill Act (OBBBA) enacted in July 2025 had a significant impact on our tax obligations and effective tax rate for the third quarter of 2025.Risk factors (Item 1A)

Also named by AA, ABR, ADI, ADM, ALB, AMAT, AMGN, AMKR and 121 more

California Consumer Privacy Act

subject tonamed as a risk
The California Consumer Privacy Act, as amended by the California Privacy Rights Act, also establishes certain transparency rules and creates certain data privacy rights for users, including limitations on our use of certain sensitive personal information and more ability for users to control the purposes for which their data is shared with third parties.Risk factors (Item 1A)

Also named by AAP, AIOT, AKAM, ALL, APP, AYI, BAC, BBSI and 69 more

EU-U.S. Data Privacy Framework

subject tonamed as a risk
A further invalidation of the EU-U.S. DPF by the CJEU could create considerable uncertainty and lead to us being unable to offer a number of our most significant products and services, including Facebook and Instagram, in Europe, which would materially and adversely affect our business, financial condition, and results of operations.Risk factors (Item 1A)

Also named by ADBE, APP, CRM, CRWD, DDOG, DOCN, GTLB, IDXX and 12 more

Children's Online Privacy Protection Act (COPPA)

subject tonamed as a risk
The FTC also continues to monitor us and our compliance with the modified consent order and initiated an administrative proceeding against us, which we are challenging at the agency and in federal court, that alleges deficient compliance and violations of the Children's Online Privacy Protection Act (COPPA), the COPPA Rule, and Section 5 of the Federal Trade Commission Act and seeks changes to our business.Risk factors (Item 1A)

Also named by APP, BBW, DIS, GOOG, HAS, MGNI, RBLX, TTWO and 2 more

Section 230 of the Communications Decency Act

subject tonamed as a risk
In the United States, changes to the protections available under Section 230 or the First Amendment to the U.S. Constitution or new state or federal content-related legislation or investigations may increase our costs or require significant changes to our products, business practices, or operations, which could adversely affect user growth and engagement.Risk factors (Item 1A)

Also named by APP, DOCN, EBAY, GOOG, PPLI, RBLX, RDDT, TWLO and 1 more

UK Online Safety Act

subject tonamed as a risk
In the UK, the OSA establishes similar types of obligations.Risk factors (Item 1A)

Also named by CSGP, EBAY, RBLX, RDDT

Digital Services Act (DSA)

subject tonamed as a risk
Further, the DSA, which started to apply to our business as of August 2023, imposes certain restrictions and requirements for our products and services, subjects us to increased compliance costs, and includes significant penalties for non-compliance.Risk factors (Item 1A)

Also named by ZM

Hong Kong National Security Law

subject tonamed as a risk
In addition, if we are required to or elect to make changes to our marketing and sales or other operations in Hong Kong as a result of the National Security Law or other legislation, our revenue and business in the region will be adversely affected.Risk factors (Item 1A)

Also named by ARES

Digital Markets Act (DMA)

subject tonamed as a risk
The DMA has caused, and may in the future cause, us to incur significant compliance costs and make changes to our products or business practices.Risk factors (Item 1A)

FTC antitrust lawsuit (Instagram and WhatsApp acquisitions)

subject tonamed as a risk
The complaint seeks a permanent injunction against our company's alleged violations of the antitrust laws, and other equitable relief, including divestiture or reconstruction of Instagram and WhatsApp.Risk factors (Item 1A)

Australia under-16 social media ban

subject tonamed as a risk
In addition, recent legislation in Australia imposes a social media ban for users under 16 years old, requiring certain social media companies to take reasonable steps to ensure under 16 year olds do not hold user accounts.Risk factors (Item 1A)