Summary
Meta Platforms, Inc. (formerly Facebook, Inc.) filed an 8-K on April 28, 2021, to report its financial results for the first quarter ended March 31, 2021. The report primarily references a press release (Exhibit 99.1) that details these results and was issued concurrently with the filing. Investors should note that the information furnished, including the press release, is not considered "filed" under Section 18 of the Exchange Act, meaning it doesn't carry the same liability as formally filed documents. The company also indicated its use of non-GAAP financial measures, with reconciliations provided in the press release, and highlighted its various digital platforms for disseminating important company information.
Key Highlights
- 1Announcement of Q1 2021 financial results via press release filed on April 28, 2021.
- 2Furnished information, including the press release, is not deemed 'filed' under Section 18 of the Exchange Act.
- 3Company will use non-GAAP financial information in its reporting, with reconciliations available.
- 4Reference to investor.fb.com, about.fb.com/news/, Mark Zuckerberg's Facebook Page, and Instagram account for disclosing material non-public information.
- 5Exhibit 99.1 contains the full press release detailing the Q1 2021 financial results.
- 6Exhibit 104 contains the Cover Page Interactive Data File in XBRL format.
Frequently Asked Questions
The primary purpose of this 8-K filing is to officially report Meta Platforms, Inc.'s (formerly Facebook, Inc.) financial results for the first quarter ended March 31, 2021, by referencing an accompanying press release (Exhibit 99.1).
Non-GAAP financial measures are performance metrics that exclude certain items from GAAP (Generally Accepted Accounting Principles) results to provide what the company believes is a clearer view of ongoing operational performance. A reconciliation of these non-GAAP measures to their GAAP equivalents is provided within the press release furnished as Exhibit 99.1.
No, the information furnished with Item 2.02, including the press release, is not considered 'filed' for purposes of Section 18 of the Securities Exchange Act of 1934. This means it does not carry the same liability as formally filed documents and should not be automatically incorporated into other SEC filings unless specifically referenced.
Meta Platforms utilizes several channels to disclose material non-public information and comply with disclosure obligations. These include their investor relations website (investor.fb.com), news website (about.fb.com/news/), Mark Zuckerberg's official Facebook Page, and his Instagram account.