Meta Platforms, Inc. (META)
Market Cap | 1.18T |
Revenue (ttm) | 142.71B |
Net Income (ttm) | 45.76B |
Shares Out | 2.54B |
EPS (ttm) | 17.39 |
PE Ratio | 26.86 |
Forward PE | 22.45 |
Dividend | $0.50 (0.11%) |
Ex-Dividend Date | Feb 21, 2024 |
Volume | 10,632,020 |
Open | 471.67 |
Previous Close | 474.36 |
Day's Range | 464.71 - 471.73 |
52-Week Range | 258.88 - 531.49 |
Beta | 1.21 |
Analysts | Strong Buy |
Price Target | 495.18 (+6.02%) |
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 6.02% from the latest price.
News
New Mexico judge grants Zuckerberg's request to be dropped from child safety lawsuit
ALBUQUERQUE, N.M. — A New Mexico judge on Thursday granted Mark Zuckerberg's request to be dropped from a lawsuit that alleges his company has failed to protect young users from exposure to child sexu...
Meta Announces Quarterly Cash Dividend
MENLO PARK, Calif. , May 30, 2024 /PRNewswire/ -- The Meta Platforms, Inc. (Nasdaq: META) board of directors today declared a quarterly cash dividend of $0.50 per share of the company's outstanding Cl...
Meta says generative AI deception held in check—for now
Social media giant Meta says its bid to thwart coordinated disinformation campaigns created through ever-improving generative AI is working, despite widespread concerns.
Meta removes AI-generated influence campaigns in China, Israel
Meta Platforms Inc. removed hundreds of Facebook accounts associated with covert influence campaigns from China, Israel, Iran, Russia and other countries, some of which used artificial intelligence to...
Tech Stocks Rally Still Has Legs, BlackRock Says
BlackRock investment strategist Karim Chedid says tech is still being driven by fundamentals and remains of the asset management giant's "key sector overweights." Speaking on Bloomberg Television, he ...
Human rights groups protest Meta shareholder meeting over alleged censorship of pro-Palestinian content
The action comes after nearly 200 Meta employees signed an open letter to Mark Zuckerberg demanding an end to alleged censorship
Meta identifies networks pushing deceptive content likely generated by AI
Meta said on Wednesday it had found "likely AI-generated" content used deceptively on its Facebook and Instagram platforms, including comments praising Israel's handling of the war in Gaza published b...
Mark Zuckerberg is Popular Again Thanks to Meta's Open-Source AI
After some trying years during which Mr. Zuckerberg could do little right, many developers and technologists have embraced the Meta chief as their champion of “open-source” artificial intelligence.
Meta, Mark Zuckerberg face shareholder pressure over efforts to protect kids online: Need ‘transparency'
Zuckerberg faces a potential revolt at Meta's annual meeting on Wednesday as shareholders push the Big Tech firm to step up transparency regarding its efforts to protect kids.
U.S. presses TikTok, Meta and X to crack down on antisemitic posts, Bloomberg News reports
The Biden administration is urging big technology companies to ramp up efforts to curb antisemitic content on their platforms, Bloomberg News reported on Tuesday.
EU monitoring new measures by Meta to tackle election disinformation
The European Commission on Tuesday said Meta Platforms had taken measures to mitigate the spread of disinformation in the run-up to the EU elections.
Argentine President Milei to meet Apple, Google, Meta CEOs in US
Argentina's President Javier Milei is set to meet with top-level executives from Google , Meta and Apple during a trip to the United States this week, his spokesman Manuel Adorni said on Monday.
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...