META - Meta Platforms, Inc.
| Previous Close | 264.72 |
| Open | 265.90 |
| Bid | 272.58 x 1000 |
| Ask | 272.71 x 1100 |
| Day's Range | 266.42 - 274.00 |
| 52 Week Range | 88.09 - 274.00 |
| Volume | |
| Avg. Volume | 25,280,780 |
| Market Cap | 695.397B |
| Beta (5Y Monthly) | 1.20 |
| PE Ratio (TTM) | 32.42 |
| EPS (TTM) | 8.37 |
| Earnings Date | Jul 25, 2023 - Jul 31, 2023 |
| Forward Dividend & Yield | N/A (N/A) |
| Ex-Dividend Date | N/A |
| 1y Target Est | 272.27 |
Yahoo FinanceMeta debuts Quest 3 headset for $499 days before Apple's expected headset launch
Meta debuted its Quest 3 headset just days before Apple is expected to launch its own AR/VR headset.
Yahoo Finance VideoMeta shareholder takeaways: Cost-cutting, metaverse, user privacy
Meta executives outlined their future plans at the company's annual shareholder meeting. Leadership stressed their commitment to cost-cutting, the plans to further develop the metaverse, its share structure, and even the company's role in society. Yahoo Finance tech reporter Allie Garfinkle breaks down what this could all mean for the future of the stock.
Motley FoolWhy Meta Platforms Stock Was Up Today
Shares of Meta Platforms (NASDAQ: META) were moving higher today as investors responded favorably to the Facebook parent's launch of its new Quest 3 mixed reality (MR) headset, which comes just days ahead of Apple's (NASDAQ: AAPL) expected reveal of its own MR headset. As a result, Meta stock was up 3.4% as of 2:08 p.m. ET on Thursday on the news. In an Instagram post, CEO Mark Zuckerberg announced the highly anticipated device.
- Reuters
FTC chair Khan accused of 'abuse of power' in new US House probe
The House Oversight Committee's Chairman James Comer opened a probe Thursday into U.S. Federal Trade Commission Chair Lina Khan's management of the agency, citing complaints of abuse of power. Khan has angered companies and trade groups like the Chamber of Commerce by pushing the FTC, which enforces antitrust law and laws against deceptive marketing, to be more aggressive in investigations and law enforcement. In a letter to Khan and agency officials dated Thursday, Comer cited complaints made by former commissioner Christine Wilson, a Republican.
The IndependentMeta Quest 3: Mark Zuckerberg reveals new virtual reality headset ahead of Apple’s own major event
New version of headset is slimmer and faster, Meta says – just as Apple rumoured to launch its own competitor
- Reuters
UPDATE 5-Meta unveils Quest 3 mixed reality headset ahead of Apple's VR debut
Meta Platforms CEO Mark Zuckerberg on Thursday revealed the company's next generation mixed reality headset, the Quest 3, as the company braces for Apple to potentially reshape a nascent market that Meta has dominated so far. Priced starting at $499, the device will be 40% thinner than the company's previous headset and feature color mixed reality, which combines augmented and virtual reality (AR/VR) elements, Zuckerberg said in an Instagram post ahead of Meta's annual gaming conference. Meta also said it would lower the prices of its existing Quest 2 headsets, while adding performance upgrades to those devices aimed at delivering a smoother user experience.
ReutersMeta unveils Quest 3 mixed reality headset ahead of Apple's VR debut
Meta Platforms CEO Mark Zuckerberg on Thursday revealed the company's next generation mixed reality headset, the Quest 3, as the company braces for Apple to potentially reshape a nascent market that Meta has dominated so far. Priced starting at $499, the device will be 40% thinner than the company's previous headset and feature color mixed reality, which combines augmented and virtual reality (AR/VR) elements, Zuckerberg said in an Instagram post ahead of Meta's annual gaming conference. Meta also said it would lower the prices of its existing Quest 2 headsets, while adding performance upgrades to those devices aimed at delivering a smoother user experience.
Motley FoolRoblox Stock: Buy, Sell, or Hold?
Don't jump to conclusions just because the metaverse isn't quite the priority it used to be for Facebook parent Meta.
ZacksSubscription Revenues Bolster New York Times' (NYT) Growth
The New York Times Company (NYT) expects second-quarter 2023 subscription revenues to increase about 6-8%.
WSJBig Tech Relies on Outsourcing. Lawsuits in Africa Could Upend That.
Facebook content moderators hired by a third-party contractor in Kenya are suing over working conditions. The contractor involved denies the allegations and Facebook parent Meta is arguing it shouldn’t be involved in the lawsuit. The outcome of this case and two others could have a profound impact on big tech and the industry’s outsourced workforce. WSJ South Africa-based business reporter Alexandra Wexler joins host Zoe Thomas to explain. Photo: Daniel Irungu/EPA-EFE/Shutterstock
Motley FoolPrediction: 2 Top AI Growth Stocks That Will Be Worth More Than $1 Trillion by 2030
Today, only five companies have market capitalizations above the $1 trillion market -- Apple, Microsoft, Saudi Aramco, Alphabet, and Amazon. If you're looking for worthwhile investment opportunities in mega-cap companies with promising AI opportunities, read on to see why Taiwan Semiconductor Manufacturing (NYSE: TSM) and Meta Platforms (NASDAQ: META) both have strong odds of crossing the $1 trillion-valuation threshold by 2030. Keith Noonan: Taiwan Semiconductor Manufacturing, also known as "TSMC," is a pure-play chip fabrication business.
ReutersRussia fines WhatsApp for first time for not deleting banned content
A Russian court on Thursday fined messenger service WhatsApp three million roubles ($37,080) for not deleting banned content, its first fine in Russia for that offence. WhatsApp's parent company Meta Platforms Inc was branded an "extremist" organisation by Moscow last year, but the messenger app - which is widely popular in Russia - has not previously faced penalties for failing to remove prohibited information. Other Meta services, Facebook and Instagram - now banned in Russia - have been fined over content, as have the likes of Twitter and Alphabet's Google.
- Reuters
UPDATE 2-Russia fines WhatsApp for first time for not deleting banned content
A Russian court on Thursday fined messenger service WhatsApp three million roubles ($37,080) for not deleting banned content, its first fine in Russia for that offence. WhatsApp's parent company Meta Platforms Inc was branded an "extremist" organisation by Moscow last year, but the messenger app - which is widely popular in Russia - has not previously faced penalties for failing to remove prohibited information.
ZacksTime to Buy These "Trillion Dollar" Stocks for More Upside
Along with Nvidia (NVDA), Meta Platforms (META) currently stands out among the rare list of stocks to have hit a trillion-dollar market cap on U.S. stock exchanges.
Yahoo Finance VideoNvidia crosses $1 trillion cap: How long can it ride AI hype?
After Nvidia joined the $1 trillion market club on Tuesday, Yahoo Finance spoke with experts, analysts, and strategists, who weighed in on the outlook for the company amid recent AI trends. Yahoo Finance's Brad Smith spoke on the fanfare around Nvidia (NVDA) and AI. Smith said, "I'm going to break this down in three quick letters, it's A M C. At the top, you've got the applications that are going to sit on top of the M, the language-learning models, and at the bottom of it you've got the chips and the data centers." KeyBanc Capital Markets Equity Research Analyst John Vinh discussed Nvidia's advanced software. Vinh said, "They've got millions of AI developers that are focused on the Nvidia ecosystem and it's really this software ecosystem that's going to give them a sustainable advantage for quite some time." Yahoo Finance's Dan Howley explained what he thinks gives Nvidia an edge. Howley said, "People are really talking about how to get their chips at this moment. We're not talking about small firms either. We're talking about the likes of Microsoft (MSFT), Google (GOOG, GOOGL), Meta (META) ... Nvidia really is riding this hype train, and they're the conductor." Annandale Capital Founder and Chairman George Seay discussed his thoughts on Nvidia and why investors should remain cautious on AI. Seay said, "Nvidia is going to be a big winner. And I think you've got to look at some of the others like Google and Amazon, some of the other beneficiaries of this movement, and basically spread your bets." Video highlights: 00:00:03 - Yahoo Finance's Brad Smith 00:00:28 - KeyBanc Capital Markets Equity Research Analyst John Vinh 00:00:53 - Yahoo Finance's Dan Howley 00:01:24 - Annandale Capital Founder and Chairman George Seay
- Reuters
UPDATE 1-Meta threatens to yank news content from California over payments bill
Facebook parent Meta Platforms said on Wednesday it would remove news content in its home state of California if the state government passed legislation forcing tech companies to pay publishers. The proposed California Journalism Preservation Act would require "online platforms" to pay a "journalism usage fee" to news providers whose work appears on their services, aimed at reversing a decline in the local news sector. In a tweeted statement, Meta spokesman Andy Stone called the payment structure a "slush fund" and said the bill would primarily benefit "big, out-of-state media companies under the guise of aiding California publishers."
ReutersMeta threatens to yank news content from California over payments bill
Facebook parent Meta Platforms said on Wednesday it would remove news content in its home state of California if the state government passed legislation forcing tech companies to pay publishers. The proposed California Journalism Preservation Act would require "online platforms" to pay a "journalism usage fee" to news providers whose work appears on their services, aimed at reversing a decline in the local news sector. In a tweeted statement, Meta spokesman Andy Stone called the payment structure a "slush fund" and said the bill would primarily benefit "big, out-of-state media companies under the guise of aiding California publishers."
ZacksIs Meta Platforms (META) a Buy as Wall Street Analysts Look Optimistic?
Based on the average brokerage recommendation (ABR), Meta Platforms (META) should be added to one's portfolio. Wall Street analysts' overly optimistic recommendations cast doubt on the effectiveness of this highly sought-after metric. So, is the stock worth buying?
Yahoo Finance UKNippon Airways launches NFT marketplace
All Nippon Airways has launched an NFT marketplace, making Japan's largest carrier the first airline group to venture into the sale of digital collectibles.
Motley FoolApple, Alphabet, Meta, and Microsoft Have All Done Major Share Buybacks This Year -- Should You Join Them?
Share repurchase programs are very popular with investors -- especially one of the world's best.
Yahoo Finance VideoNvidia joins the $1 trillion market value club
Nvidia shares have skyrocketed this year, up more than 175% since the start of 2023. It's all thanks to the rise of generative AI. Really powerful chips called graphics processing units (GPUs) are needed to power these new AI systems. These are the kinds of GPUs Nvidia makes. Despite it's rise, Nvidia does have its detractors. ARK Invest's (ARKK) Cathie Wood explained why her firm sold their Nvidia shares back in January, saying the stock was overpriced. Nvidia's strong performance has sent the its stock not just to new highs, but granted it entry to an exclusive club: the stocks that have a market cap of $1 trillion plus. Nvidia (NVDA) joins such tech giants as Apple (AAPL), Alphabet (GOOGL), Microsoft (MSFT), Amazon (AMZN) in the club. Apple was the first member, surpassing the $1 trillion mark in August 2018. Former members of the club include Meta (META) and Tesla (TSLA), which now have market caps of $600 billion+. Yahoo Finance's Brad Smith tells Seana Smith and Akiko Fujita how it took Nvidia about 24 years to become a $1 trillion company and how that compares to other members' rise. Key video moments: 00:00:20 $1 Trillion club members 00:00:44 How Nvidia compares to other $1T members 00:01:35 How AI boosted Nvidia shares
ZacksEricsson (ERIC) Teams Up With MediaTek to Boost 5G Upload Speed
Ericsson (ERIC) partnered with MediaTek to demonstrate a record 5G upload speed of 440 Mbps leveraging RAN Compute Baseband 6648 and a mobile device equipped with MediaTek 5G smartphone chipset.
ZacksNokia (NOK) Unveils New Network Solution for Critical Operations
Nokia (NOK) introduces new 4G and 5G core network software solutions tailored to the needs of mission-critical operations.
Motley FoolPrediction: These 6 AI Stocks Will Be Worth a Combined $20 Trillion by 2030
Artificial intelligence (AI) is hot right now. My prediction is that six AI stocks will be worth a combined $20 trillion or more by 2030. It's no coincidence that 6 out of the 7 biggest stocks based on market cap that trade on U.S. exchanges have a major focus on AI.
Yahoo FinanceNvidia debuts new AI supercomputers and services after shares skyrocket
Nvidia debuted a host of new AI technologies on Monday, as the chip giant's stock price soared on a positive second quarter outlook.
