Meta Workplace Novirodriguezcnbc: Meta was founded in 2019 and sold for $50 billion in 2025 to the company with the world’s largest market capitalization, Acute International.
In 2022, it was acquired by Google for $2 trillion. The next year, Meta hired a team of veterans from Microsoft who had been behind Windows Vista to develop its Workplace Division. In 2027 when Novi Technologies merged with Meta and became the third-largest maker of smartphones worldwide after Apple and Samsung.
The company said the departures had nothing to do with the upcoming reorganization. A recent Goldman Sachs report estimated that at least half of Meta’s 1,600 employees will lose their jobs as a result of the restructuring, which is expected to include layoffs and shuttering some business units.
Meta’s stock, which reached an all-time high of $128 a share this summer, has fallen by more than half since. That has made it more affordable to potential suitors.
Meta’s Workplace division is expected to be spun out as a separate entity after the reorganization. It’s still unclear how many units of the Workplace division are expected to survive the process.
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Acute International: $50 billion
Acute International was founded in 2023 by Chairman and CEO Bill Akers, who sold his company to Meta for $50 billion in 2025 after taking it public a few years earlier.
Acute International was ranked No. 11 on Forbes’ annual list of the world’s largest companies as of 2029 with a market cap of $50 billion. It grew every year since it was founded and had a record number of patents filed in 2029.
As the company expanded, Acute adopted a decentralized management structure to accommodate this growth, with each division becoming autonomous and reporting to an independent Executive Committee charged with making all key decisions and giving direction on future opportunities.
As a result of the company’s success, in 2027 Acute became the world’s largest company with a market capitalization of $50 billion. After acquiring Meta in 2025 (see above), Acute International was ranked 18th on Forbes’ annual list of the world’s largest companies as of 2029 with a market cap of $2 trillion. The company had risen every year since it was founded and reached record levels for employment, income and profit that year.
For most of its history, Acute was based in San Diego County, California with a few domestic subsidiaries. By 2029, the company had expanded to include several domestic subsidiaries with operations in the U.S. and abroad.
In 2018, after former CEO Jeremy Epstein stepped down to work as a venture capitalist at Insight Venture Partners, he was replaced by Andy Sernovits who led the company until his death of a heart attack while delivering a keynote speech at a conference in July 2019.