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Meta Platforms, Inc.

Meta Platforms, Inc.

$META
NASDAQTechnology

302 stories mentioning Meta Platforms, Inc.Updated 10h ago

Meta is adding AI-powered search ('AI Mode') and new creative editing tools to Facebook, drawing on public posts across its apps.

Wire

Update: Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge

(Updates with Meta's response in the fifth paragraph.)Alphabet (GOOG, GOOGL) unit Google's YouTube and Meta Platforms (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday.A California state court judge rejected the companies' argument that they were protected under Section 230 of the Communications Decency Act, a federal law that protects online platforms from liability over content generated by users, according to the report.Judge Carolyn Kuhl stated that the law does not address the companies' platform design choices and the jury was repeatedly instructed not to consider content, the report said.Google plans to appeal the decision, a company spokesperson toldin an emailed response.Meanwhile, a Meta spokesperson said the company expects the ruling to be overturned on appeal. "The plaintiffs' legal theory attempts to improperly circumvent Section 230 and the First Amendment," the spokesperson toldin an emailed response. "We stand firmly by our record and will continue to pursue all available appellate options."(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $354.89, Change: $-7.40, Percent Change: -2.04%

$GOOG$GOOGL$META
Wire

Update: Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge

(Updates with Google's response in the fourth paragraph.)Alphabet (GOOG, GOOGL) unit Google's YouTube and Meta Platforms (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday.A California state court judge rejected the companies' argument that they were protected under Section 230 of the Communications Decency Act, a federal law that protects online platforms from liability over content generated by users, according to the report.Judge Carolyn Kuhl stated that the law does not address the companies' platform design choices and the jury was repeatedly instructed not to consider content, the report said.Google plans to appeal the decision, a company spokesperson toldin an emailed response.Meta Platforms did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $354.17, Change: $-8.12, Percent Change: -2.24%

$GOOG$GOOGL$META
Sectors

Sector Update: Tech Stocks Fall Wednesday Afternoon

Tech stocks were lower Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.7% and the State Street SPDR S&P Semiconductor ETF (XSD) dropping 3.1%.The Philadelphia Semiconductor index declined 3%.In corporate news, Super Micro Computer (SMCI) shares tumbled past 19% after the company said late Tuesday it is planning $7 billion worth of equity and equity-linked financing transactions as part of efforts to fund AI orders related to its advanced servers.Alphabet's (GOOGL) Google's YouTube and Meta (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday. Alphabet shares were down 2%, and Meta shed 1.5%.Amazon (AMZN) has entered into a $17.5 billion senior unsecured delayed-draw term loan facility with a group of lenders, the company said Wednesday in a regulatory filing. Amazon shares fell 2.4%.

$AMZN$GOOGL$META$SMCI
Wire

Market Chatter: Google, Meta Platforms Denied New Trial in Youth Social Media Addiction Case by California Judge

Alphabet's (GOOG, GOOGL) Google's YouTube and Meta Platforms (META) were denied a new trial after a jury found that the companies were liable for designing social media platforms that are addictive to young people, Reuters reported Wednesday.A California state court judge rejected the companies' argument that they were protected under Section 230 of the Communications Decency Act, a federal law that protects online platforms from liability over content generated by users, according to the report.Judge Carolyn Kuhl stated that the law does not address the companies' platform design choices and the jury was repeatedly instructed not to consider content, the report said.Google and Meta Platforms did not immediately respond to' request for comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $354.48, Change: $-7.81, Percent Change: -2.16%

$GOOG$GOOGL$META
Wire

Meta Platforms Ordered by EU to Restore Free WhatsApp Access for Rival AI Assistants Amid Ongoing Investigation

Meta Platforms (META) has been ordered by the European Commission to restore and maintain free access to WhatsApp for rival general-purpose artificial intelligence assistants until the end of its antitrust investigation, the regulator said in a statement.The Commission said Meta must reinstate access for third-party AI assistants to the WhatsApp for Business API on the same terms as before Oct. 15, 2025, when access was free, and comply within five working days while the broader investigation continues."Today's measures will remain in place until our investigation is done or, at the latest, until June 2029, three years from now," EU competition chief Teresa Ribera said Monday, adding that the regulator is not asking Meta to implement new or technically burdensome changes, but simply to return to the previous setup in place until January this year."The European Commission has decided that OpenAI and some of the largest companies in the world can use the paid-for WhatsApp Business product for free. This is regulatory overreach subsidised by the many European companies that pay. We will appeal," a Meta spokesperson told.Price: $589.17, Change: $+3.78, Percent Change: +0.65%

$META
Wire

Market Chatter: Meta Ordered by EU to Restore WhatsApp Access for Rival AI Assistants

Meta Platforms (META) was ordered by the European Commission to restore rival access to WhatsApp for companies building AI assistants, the Financial Times reported Tuesday, citing EU competition chief Teresa Ribera.The regulators said interim measures were necessary to prevent harm to competition ahead of a full antitrust investigation.Ribera said the decision preserved "choice for citizens across Europe on the AI assistants they want to use with WhatsApp, without that decision being made for them," according to the report.The action follows a December antitrust investigation into WhatsApp over concerns that Meta may have used its control of the platform to favour its own AI services. Meta said it would appeal the decision, the report added.Meta and the European Commission didn't immediately reply to' request for comments.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $587.84, Change: $+2.45, Percent Change: +0.42%

$META
Wire

Meta Ordered by EU to Restore WhatsApp Access to Rival AI Assistants, Financial Times Reports

Meta Ordered by EU to Restore WhatsApp Access to Rival AI Assistants, Financial Times Reports

$META
Asia Markets

US Equity Futures Rise Pre-Bell as Oil Prices Drop Amid Optimism on US-Iran Peace Deal

US equity futures were higher pre-bell Tuesday as oil prices receded on optimism that a US-Iran peace agreement could happen soon.Dow Jones Industrial Average futures were 0.3% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.8% higher.West Texas Intermediate crude oil dropped to below $90 a barrel as President Donald Trump said in a CNBC report that a deal to end the Middle East war could be reached in "two to three days," with the Strait of Hormuz reopening "immediately" after the agreement is signed. The two countries are nearing a deal "that will not in any way allow nuclear weapons," Trump said, according to the report.Front-month global benchmark North Sea Brent crude was down 1.5% to $92.85 per barrel and US West Texas Intermediate crude 2.1% lower at $89.39 per barrel.The US international trade deficit narrowed to $55.88 billion in April from the downwardly revised $56.59 billion gap in March, compared with a $56.1 billion gap expected in a survey compiled by Bloomberg.The existing home sales report, scheduled for release at 10 am ET, is expected to show an increase of 1.1% for May after a gain of 0.2% in the prior month.In other world markets, Japan's Nikkei closed 2.2% higher, Hong Kong's Hang Seng ended 0.4% lower, and China's Shanghai Composite finished 1.3% higher. Meanwhile, the UK's FTSE 100 was down 0.3%, and Germany's DAX index was 0.5% higher in Europe's early afternoon session.In equities, Meta Platforms (META) stock was up 1% after a Reuters report that a probe on the use of AI tools on its messaging service WhatsApp was stopped by Italy's competition authority due to jurisdictional overlap with European Union regulators. Broadcom (AVGO) and Micron Technology (MU) shares rose 1.2% and 4.5%, respectively, as part of a broader rally in the tech sector. J.M. Smucker was up 4.7% after the company posted higher fiscal Q4 adjusted earnings and net sales.On the losing side, SailPoint (SAIL) shares fell more than 12% despite posting higher fiscal Q1 adjusted earnings and revenue. Sony (SONY) stock was down 2.6% after Nikkei Asia reported that the company will release a new flagship version of its Xperia smartphone with AI-enabled camera functions on Thursday.

Dow JonesNasdaq CompositeS&P 500$AVGO$META$MU$SAIL$SJM$SONY
Sectors

Sector Update: Tech Stocks Lower Late Afternoon

Tech stocks were lower late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 6.2% and the State Street SPDR S&P Semiconductor ETF (XSD) shedding 10.5%.The Philadelphia Semiconductor Index declined 8.9%.In corporate news, Meta Platforms (META) is mulling raising tens of billions of dollars through a share sale to fund surging artificial intelligence capital expenditure, which could reach $145 billion this year and climb further in 2027, the Financial Times reported Friday, citing three people familiar with the matter. Meta shares fell 5.8%.Nvidia (NVDA) CEO Jensen Huang said Friday that robotics will be South Korea's next major growth sector, citing the country's strengths in manufacturing, mechatronics, and artificial intelligence, Reuters reported. Nvidia shares declined 5.5%.Netflix (NFLX) is developing guidelines for the safe use of generative artificial intelligence in content production, with the technology intended to support creators rather than replace them, Nikkei Asia reported Friday, citing comments from co-Chief Executive Greg Peters. Netflix stock was up 0.5%.DocuSign (DOCU) shares were down 6.6% in Friday afternoon trading, a day after the company posted its fiscal Q1 results.

$DOCU$META$NFLX$NVDA
Wire

Market Chatter: Meta Weighing Tens of Billions in Stock Offering to Fund AI Ambitions

Meta Platforms (META) is mulling raising tens of billions of dollars through a share sale to fund surging artificial intelligence capital expenditure, which could reach $145 billion this year and climb further in 2027, the Financial Times reported Friday, citing three people familiar with the matter.Meta Chief Financial Officer Susan Li and President Dina Powell McCormick are leading the talks, which intensified following Alphabet's (GOOGL, GOOG) $85 billion equity raise this week, the report said.Meta has not yet hired banks and may ultimately not proceed with a stock sale, with one person cautioning it was "premature" to say a decision had been made, according to the report.A Meta spokesperson called the stock offering talks "pure speculation," the report added.Meta did not immediately respond to a request for comment from.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $594.19, Change: $-33.38, Percent Change: -5.32%

$GOOG$GOOGL$META
Wire

Street Color: Meta Platforms Weighs Share Sale to Raise Billions, Financial Times Reports

Street Color: Meta Platforms Weighs Share Sale to Raise Billions, Financial Times Reports

$META
Wire

Top Midday Stories: Lululemon Down After Fiscal Q1 Results; Amazon Engineers Criticize AI Spending; Hoffman to Exit Microsoft Board

All three major US stock indexes were down late Friday morning following a better-than-expected May jobs report.The May employment report showed nonfarm payrolls rose by 172,000, well above the 88,000 jobs increase expected in a survey compiled by Bloomberg. The unemployment rate remained at 4.3% in May, as expected. The labor force participation rate was also unchanged from 61.8% in April.In company news, Amazon (AMZN) software engineers supported data center restrictions in Seattle while criticizing the technology giant for investing heavily in infrastructure during massive layoffs, CNBC reported, citing public hearings. An Amazon spokesperson toldthat the company does not have any plans to build data centers within the Seattle city limits. Shares were down 0.4% in the recent session.Lululemon Athletica (LULU) shares fell 9.6% after the company reported fiscal Q1 earnings of $1.69 per diluted share, down from $2.60 a year earlier. Analysts polled by FactSet expected $1.68. The company also trimmed guidance for 2026 and now expects EPS of $10.95 to $11.15 on revenue of $11 billion to $11.15 billion.Microsoft (MSFT) said in a regulatory filing that LinkedIn co-founder Reid Hoffman will not stand for re-election to the board of directors at the annual shareholder meeting. Hoffman, a Microsoft board member since 2017, notified the company of his decision on Tuesday. Microsoft's shares were pointing 1.8% lower.Nvidia (NVDA) cleared Samsung Electronics, SK Hynix, and Micron Technology to supply advanced high-bandwidth memory for its HBM4 artificial intelligence accelerators, multiple outlets reported, citing Chief Executive Officer Jensen Huang. Nvidia's shares were down 4.5% in the recent session.Meta Platforms (META) is facing an investigation and a potential fine in Turkey for possible violation of competition rules, the country's Competition Board said. The investigation will determine whether the company violated the country's competition law by integrating its Meta AI service into WhatsApp and preventing third-party general-purpose generative AI chatbots from offering services on WhatsApp. Shares of the company eased 2.3%.Edesa Biotech (EDSA) dropped nearly 24% after the company said that new data showed that paridiprubart combined with standard-of-care treatments was associated with a 32% relative reduction in mortality in patients with acute kidney injury and respiratory distress at 28 days.Price: $252.83, Change: $-0.97, Percent Change: -0.38%

$AMZN$EDSA$LULU$META$MSFT$NVDA
Sectors

Sector Update: Tech Stocks Fall Late Afternoon

Tech stocks were lower late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.1% and the State Street SPDR S&P Semiconductor ETF (XSD) easing 0.2%. The Philadelphia Semiconductor index fell 1.7%.In sector news, Tesla (TSLA) Chief Executive Elon Musk is set to become the world's first trillionaire following the IPO of SpaceX (SPCX), CNBC reported. Musk's stake in the rocket and satellite communications firm is worth $866.5 billion on paper, CNBC reported, citing the company's prospectus.In corporate news, CrowdStrike (CRWD) reported strong fiscal Q1 results amid accelerating demand for AI, but questions around the company's performance sustainability remain, BofA Securities said. CrowdStrike shares were down 4%.Broadcom (AVGO) shares fell past 11% after it reported fiscal Q2 results late Wednesday. The company's fiscal Q3 AI revenue outlook likely fell short of investor expectations, while Q2 results were slightly ahead of consensus, RBC said in a note.Alphabet (GOOGL) said Thursday Google and Intersect plan to build the Meitner Energy Center, which includes a new data center co-located with more than a gigawatt of wind, solar, and battery storage systems in Gray and Roberts Counties, Texas. Alphabet shares rose 3.7%.Meta Platforms' (META) Instagram is rolling out Instagram Plus globally, a new optional subscription tier offering exclusive features for users who want more control and customization. Separately, Meta is considering charging as much as $200 a month for a premium tier of its planned AI agent product, currently known as Hatch, The Information reported. Meta shares increased 0.2%.

$AVGO$CRWD$GOOGL$META
Sectors

Sector Update: Tech Stocks Fall Thursday Afternoon

Tech stocks were lower Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) down 0.7%.The Philadelphia Semiconductor index dropped 2.1%.In sector news, Tesla (TSLA) Chief Executive Elon Musk is set to become the world's first trillionaire following the IPO of SpaceX (SPCX), CNBC reported. Musk's stake in the rocket and satellite communications firm is worth $866.5 billion on paper, CNBC reported, citing the company's prospectus.In corporate news, Broadcom (AVGO) shares fell past 11% after it reported fiscal Q2 results late Wednesday. The company's fiscal Q3 AI revenue outlook likely fell short of investor expectations, while Q2 results were slightly ahead of consensus, RBC said in a note.Meta Platforms' (META) Instagram is rolling out Instagram Plus globally, a new optional subscription tier offering exclusive features for users who want more control and customization. The subscription adds new audience controls, story-engagement insights, and profile-customization options, with the free version unchanged, Instagram said Thursday in a statement. Separately, Meta is considering charging as much as $200 a month for a premium tier of its planned AI agent product, currently known as Hatch, The Information reported. Meta shares rose 1.1%.Snap (SNAP) has acquired spatial augmented reality firm Illumix, a company spokesperson confirmed through email toThursday. Snap shares climbed 4.5%.

$AVGO$META$SNAP
Wire

Meta Platforms' Instagram Launches Optional Subscription Tier With New Customization Features

Meta Platforms' (META) Instagram is rolling out Instagram Plus globally, a new optional subscription tier offering exclusive features for users who want more control and customization.The subscription adds new audience controls, story-engagement insights, and profile-customization options, with the free version unchanged, Instagram said Thursday in a statement.Pricing for Instagram Plus has been reported at $3.99 per month by several media outlets.Price: $632.05, Change: $+9.07, Percent Change: +1.46%

$META
Sectors

Sector Update: Tech Stocks Mixed Late Afternoon

Tech stocks were mixed late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) falling 0.9% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.3%.The Philadelphia Semiconductor Index advanced 1.3%.In corporate news, Adobe (ADBE) is eyeing two internal candidates and has also tapped a well-known search firm to find external candidates with experience in AI products, as it looks to find a new chief executive, Bloomberg reported. Adobe shares were down 2.5%.Apple (AAPL) is unlikely to see the World Wide Developer Conference act as a "positive catalyst" for the shares, with UBS Securities saying the event is expected to focus mainly on software updates and AI ahead of the June 8 keynote. Apple shares were shedding 1.3%.Meta Platforms (META) introduced its AI-powered Business Agent, a tool designed to help firms raise output and deliver personalized customer interactions. Meta shares rose 4.2%.Alphabet (GOOG, GOOGL) increased the size of its equity capital raise to $84.75 billion from $80 billion, according to a regulatory filing Tuesday. The offering includes a pledge by Berkshire Hathaway (BRK.A, BRK.B) to invest $10 billion in the tech giant in a private placement, the filing said. Alphabet's Class A and Class C shares were each down 0.7%.

$AAPL$ADBE$GOOG$GOOGL$META
Wire

Meta Platforms Rolls Out AI Business Agent Across Messaging Apps

Meta Platforms (META) introduced its AI-powered Business Agent, a tool designed to help companies increase output and deliver personalized customer interactions.The agent will initially be available to select businesses on the WhatsApp Business app, Instagram Pro, Messenger and Meta Business Suite, the company said Wednesday in a statement. It can be set up in minutes or integrated into existing enterprise systems.Meta also introduced the Meta Business Agent Platform, which provides the infrastructure for businesses to build, customize and deploy their own agents at scale.Price: $617.11, Change: $+19.48, Percent Change: +3.26%

$META
Wire

Market Chatter: Meta Platforms' Chief Information Security Officer Guy Rosen to Depart

Meta Platforms' (META) chief information security officer Guy Rosen plans to exit the technology company over the next few months, Bloomberg reported Tuesday, citing an internal post.The company has initiated a talent hunt to find a successor for Rosen, who will remain with the organization during the transition period, according to the report.Rosen recently expanded his responsibilities to incorporate artificial intelligence into internal business processes while maintaining his position as chief information security officer, the media outlet reported.Meta Platforms did not immediately respond to' request for a comment.(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)Price: $605.99, Change: $+5.52, Percent Change: +0.92%

$META
Research

Arete Upgrades Meta Platforms to Buy From Neutral, Adjusts Price Target to $735 From $614

Meta Platforms (META) has an average rating of buy and mean price target of $820.33, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://finwires.com/en/contact)

$META
Wire

Meta Platforms' Rising AI Capex Offers an Opportunity Amid Rising Global Entrepreneurialism, RBC Says

Meta Platforms (META) stock overhang stems primarily from investor concerns around its rising artificial intelligence capex, but this could present an opportunity amid rising AI-enabled entrepreneurialism worldwide, RBC Capital Markets said in a research report emailed Monday.The company has an opportunity to natively identify nascent markets, which could support its transition from a passive ad network into an automated incubator, analysts wrote.Deepening advertiser penetration at a fraction of current spend alongside product portfolio expansion with existing advertisers as compute ramps could create optionality around engagement, according to the note.The brokerage said it reiterated its outperform rating on the stock and price target of $810 per share.Price: $613.16, Change: $-19.35, Percent Change: -3.06%

$META

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