Meta Platforms, Inc. (META)
| Market Cap | 1.25T |
| Revenue (ttm) | 142.71B |
| Net Income (ttm) | 45.76B |
| Shares Out | 2.54B |
| EPS (ttm) | 17.39 |
| PE Ratio | 28.35 |
| Forward PE | 23.68 |
| Dividend | $1.00 (0.20%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 8,774,950 |
| Open | 495.91 |
| Previous Close | 493.76 |
| Day's Range | 490.17 - 498.91 |
| 52-Week Range | 261.70 - 531.49 |
| Beta | 1.21 |
| Analysts | Strong Buy |
| Price Target | 495.80 (+0.58%) |
| Earnings Date | Jul 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 $495.8, which is an increase of 0.58% from the latest price.
News
New York lawmakers pass measure to protect youths on social media
New York state lawmakers on Friday passed legislation to bar social media platforms from exposing "addictive" algorithmic content to users under age 18 without parental consent, becoming the latest of...
Can I Opt Out of Meta's A.I.
Social media users voiced worries about a move by Meta to use information from public Instagram and Facebook posts to train its A.I. But the scraping has already begun.
Meta quietly rolls out Communities on Messenger
Meta is quietly rolling out a new “Communities” feature on Messenger, the company confirmed to TechCrunch. The feature is designed to help organizations, schools and other private groups communicate i...
Meta Platforms to Introduce Free AI Chatbots on WhatsApp
Meta Platforms, the parent company of Facebook, is planning to introduce free artificial intelligence (AI) chatbots on WhatsApp as part of its strategy to monetize messaging apps. This move represents...
Meta's plan to train its AI on all your old Facebook data is raising eyebrows among privacy advocates
A European advocacy group filed complaints in 11 countries over a new Meta AI policy. NOYB, or None of Your Business, said Meta's new policy would let it scrape user data to train AI.
Taiwan Semiconductor, Meta Platforms, and Other Tech Stocks in Focus
The technology sector was muted on Friday, in line with the broader market ahead of jobs data.
$14 Billion Virtual Reality (VR) Neuropsychological Therapy Market (2024-2034) by Technology, Offering, End-user and Region Featuring Profiles of Oculus VR (Facebook Technologies), MindMaze, Psious, and More
Dublin, June 07, 2024 (GLOBE NEWSWIRE) -- The "Global Virtual Reality Neuropsychological Therapy Market" report has been added to ResearchAndMarkets.com's offering. The global virtual reality neuropsy...
Banks say growing reliance on Big Tech for AI carries new risks
The boom in artificial intelligence will increase banks' dependence on big U.S. tech firms, creating new risks for the industry, European banking executives said.
Just 3 Stocks Rule the Market. Why You Should Be Worried.
Microsoft, Nvidia, and Apple now account for some 20% of the S&P 500. It's now much harder than ever to make the argument that the winner's circle is sufficiently diversified.
WhatsApp Adds AI Tools for Businesses
WhatsApp introduced artificial intelligence tools designed to help businesses use the app to sell products and services.
Meta's WhatsApp launches new AI tools for businesses to target messages in chats
Meta's on Thursday launched AI-driven ad targeting for business messages for the first time on WhatsApp, as it tries to wring revenue out of the popular chat service, Chief Executive Mark Zuckerberg a...
Meta rolls out Meta Verified for WhatsApp Business users in Brazil, India, Indonesia and Colombia
Meta on Thursday said it is rolling out its Meta Verified program for WhatsApp Business users in Brazil, India, Indonesia and Colombia, and eventually to more countries. Subscription plans for this se...
Meta adds AI-powered features to WhatsApp Business app
Last year, during the Q3 2023 earnings call, Mark Zuckerberg talked about leveraging AI to have business accounts respond to customers for purchase and support queries. Today, Meta announced AI-powere...
Meta's AI Training Plans Targeted by EU Privacy Group
Meta's plans for training its AI have run afoul of a European privacy group. Vienna-based NOYB — the European Center for Digital Rights — said Thursday (June 6) it had filed complaints with 11 Europe...
Meta withheld information on Instagram, WhatsApp deals: FTC
Meta Platforms Inc. withheld information from federal regulators during their original reviews of the Instagram and WhatsApp acquisitions, the U.S. Federal Trade Commission said in a court filing as p...
Microsoft, Meta Platforms, Salesforce, and Other Tech Stocks in Focus Today
Technology stocks were muted early on Thursday after a strong previous day.
Meta's AI Project Faces Privacy Complaints in Europe
Meta's new artificial-intelligence project faces complaints from a privacy-focused advocacy group in eleven European countries, highlighting the challenges for big technology as it turns to users' dat...
Meta hit with privacy complaints in Europe over AI plans
A Vienna-based privacy campaign group filed complaints in 11 European countries against Meta on Thursday, saying the global tech giant's planned privacy policy change would allow "unlawful" use of per...
Meta gets 11 EU complaints over use of personal data to train AI models
Meta Platforms was hit with 11 complaints on Thursday over proposed changes that would see it use personal data to train its artificial intelligence models without asking for consent, which may breach...
Meta sued by Palestinian-American engineer, claiming he was fired over handling of Gaza content
Ferras Hamad's claims reflect long-standing criticisms by human rights groups over Meta's performance moderating the content posted to its platforms about Israel and the Palestinian territories.
Italy fines Meta over data breach, account management
Italy's competition authority on Wednesday fined global tech giant Meta 3.5 million euros ($3.8 million) for data breaches and failures in managing Instagram and Facebook accounts.
Italy's Antitrust fines Meta 3.5 mln euros for unfair commercial practices
Italy's antitrust regulator AGCM said on Wednesday it has fined Facebook and Instagram owner Meta for what it called unfair commercial practices.
Australia should force Meta to pay for news, News Corp executive says
Australia should force Meta Platforms to pay news companies for content that appears on Facebook and impose broader regulation on social media firms, a senior News Corp executive said.
Meta and Snap Expect a Boost From TikTok Ban. This Could Kill Those Hopes.
Meta and Snap's hopes of attracting younger users displaced from TikTok could be hindered by a planned new law in New York.
Meta AI chief LeCun slams Elon Musk over 'blatantly false' predictions, spreading conspiracy theories
Meta's Chief AI Scientist Yann LeCun has been sparring on social media with Tesla CEO Elon Musk. LeCun criticized Musk's treatment of scientists and news organizations and for spreading false conspira...