Meta Platforms, Inc. (META)
| Market Cap | 1.21T |
| Revenue (ttm) | 142.71B |
| Net Income (ttm) | 45.76B |
| Shares Out | 2.54B |
| EPS (ttm) | 17.39 |
| PE Ratio | 27.50 |
| Forward PE | 22.98 |
| Dividend | $0.50 (0.10%) |
| Ex-Dividend Date | Feb 21, 2024 |
| Volume | 11,952,834 |
| Open | 467.62 |
| Previous Close | 465.78 |
| Day's Range | 466.30 - 479.85 |
| 52-Week Range | 252.71 - 531.49 |
| Beta | 1.21 |
| Analysts | Strong Buy |
| Price Target | 495.18 (+3.55%) |
| Earnings Date | Apr 24, 2024 |
About META
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a mess... [Read more]
Financial Performance
In 2023, Meta Platforms's revenue was $134.90 billion, an increase of 15.69% compared to the previous year's $116.61 billion. Earnings were $39.10 billion, an increase of 68.53%.
Financial StatementsAnalyst Forecast
According to 42 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $495.18, which is an increase of 3.55% from the latest price.
News
Mag 7 Stocks & Nvidia's (NVDA) Dominant Role in the S&P 500
Alphabet (GOOGL) is trading 20X forward and will have ~30% EPS growth if they hit targets, notes Quint Tatro. He and Paul Marino analyze the performance of the Magnificent 7 stocks.
Meta submits changes to UK privacy compliance proposals, CMA says
Meta Platforms has offered to limit the use of certain data from all advertisers on its Facebook Marketplace platform, as part of amendments to the proposals accepted by the Competition Market Authori...
Alphabet, Meta Try to Partner With Hollywood on AI
Alphabet Inc. and Meta Platforms Inc. have held discussions with major Hollywood studios about licensing content for use in the tech giants' artificial intelligence video generation software, accordin...
Meta, T-Mobile and Disney Boosted US Dividend Growth in First Quarter
Dividend growth accelerated in the first quarter to a record $164.3 billion, propelled by distributions from companies such as Meta (META), Walt Disney & Co. (DIS), and T-Mobile (TMUS), according to a...
Dividends Hit a Record. Thank Disney and Meta.
Shareholder payouts were up again in the first quarter as many companies are flush with cash.
Mark Zuckerberg Forms Advisory Council to Inform Meta's AI Efforts
Meta CEO Mark Zuckerberg has created a product advisory council to provide guidance on the company's artificial intelligence (AI) and technology efforts. The new Meta Advisory Group will meet periodic...
Google, Meta, Microsoft, and Salesforce pledge to contract for up to 20M tons of high-quality nature-based carbon removal credits by 2030
NEW YORK--(BUSINESS WIRE)--Today, Google, Meta, Microsoft, and Salesforce announce the Symbiosis Coalition, an advance market commitment for nature-based removal credits in the voluntary carbon market...
Meta deleted Facebook account of Slovak PM's shooter after attack
Meta Platforms' Facebook removed the account of the suspected shooter of Slovak Prime Minister Robert Fico after the attack, the company and a state agency said on Tuesday, as the government continues...
Google, Meta, OpenAI pledge to develop AI safely at global summit
South Korea's presidential office said nations had agreed to prioritize AI safety, innovation and inclusivity.
Tech giants pledge AI safety commitments — including a ‘kill switch' if they can't mitigate risks
A slew of major tech companies including Microsoft, Amazon, and OpenAI, on Tuesday agreed to a landmark international agreement on artificial intelligence safety at the Seoul AI Safety Summit.
Meta supreme court weighs posts calling ethnic groups criminals
An independent board considered a top court for Meta content moderation said Tuesday it is taking on the issue of whether accusing entire nationalities of crimes violates hate speech rules.
New global agreement on AI expected to be adopted at virtual South Korea, U.K.-hosted summit
SEOUL, South Korea (AP) — World leaders are expected to adopt a new agreement on artificial intelligence when they gather virtually Tuesday to discuss AI's potential risks but also ways to promote its...
Meta's Oversight Board takes its first Threads case
Meta's Oversight Board has now extended its scope to include the company's newest platform, Instagram Threads. Designed as an independent appeals board that hears cases and then makes precedent-settin...
Google, Meta warned that undersea internet cables at risk for Chinese espionage: report
The concerns are reportedly centered on underwater fiber-optic cables in the Pacific Ocean that are partially owned by the Big Tech firms and used to maintain the flow of data from the US to Asia.
Meta's latest experiment copies BeReal and Snapchat's core ideas
Meta is once again taking on its competitors by developing a feature that borrows concepts from others — in this case, BeReal and Snapchat. The company is developing a feature for Instagram called “Pe...
Biggest AI winners will come down to Meta and Google, says Deepwater Asset's Munster
Gene Munster, Deepwater Asset Management, joins 'Squawk on the Street' to discuss which tech companies will be impacted most by AI, the kinds of companies growing from artificial intelligence, and mor...
Microsoft, Meta Platforms, Applied Materials, and Other Tech Stocks in Focus Today
Microsoft and Meta face regulatory questions over their artificial-intelligence features, while the market reacts to Applied Materials' earnings.
Meta history: Beyond the Ticker
From its start as a college social network to its focus on virtual reality, Meta (META) has become one of the biggest tech companies in the world. In 2023, the company generated over $134 billion in r...
With the end of Workspace, it's fair to wonder if Meta was ever serious about the enterprise
Meta, the parent company of Facebook, launched an enterprise version of the prominent social network in 2015. It always seemed like a stretch for a company built on a consumer product that made most o...
Instagram parent Meta hit with online child safety probe in Europe
The European Commission is probing whether Meta is in violation of the Digital Services Act – a sweeping law that took effect last year and requires Big Tech firms to police content on their platforms...
Meta slapped with EU investigation into child safety protocol
Meta (META) is under pressure after the European Union announced a formal investigation into its Facebook and Instagram platforms, citing child safety concerns. Yahoo Finance's Alexis Keenan reports m...
Fresh EU scrutiny for Facebook, Instagram over protecting children online
LONDON (AP) — The European Union opened fresh investigations Thursday into Facebook and Instagram over suspicions that they're failing to protect children online, in violation of the bloc's strict dig...
The Ultimate VR Basketball Game, Blacktop Hoops, Available Now on Meta Quest, Pico and Steam VR
SAN FRANCISCO--(BUSINESS WIRE)--Vinci Games (YC S22), a game studio backed by Makers Fund, Y Combinator, and Twitch Co-Founder Kevin Lin, has released its debut title, the VR basketball game Blacktop ...
Tech job cuts ease a bit in Bay Area as industry layoffs haunt region
The Bay Area's wobbly tech industry is showing signs of stabilizing after suffering years-long waves of wrenching layoffs unleashed by the sector's quest for improved efficiency.
EU probes Facebook, Instagram over child protection
The EU on Thursday opened a formal investigation into Facebook and Instagram on suspicion the platforms owned by Meta are causing addictive behavior in children.