304 stories mentioning Meta Platforms, Inc.Updated just now
Meta is adding AI-powered search ('AI Mode') and new creative editing tools to Facebook, drawing on public posts across its apps.
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 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%
CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:META announced a global expansion of subscription offerings across Instagram, Facebook, and WhatsApp, introducing consumer plans priced at $3.99/month for Instagram Plus and Facebook Plus, and $2.99/month for WhatsApp Plus. The plans are intended to provide enhanced features like profile personalization, expanded reactions, and story analytics. META is also testing new subscription tiers under the Meta One brand, with AI-focused plans (Meta One Plus at $7.99/month; Meta One Premium at $19.99/month), as well as professional solutions for creators and businesses (Meta One Essential at $14.99/month; Meta One Advanced at $49.99/month). We consider this strategic shift a positive, as it has the potential to diversify META's revenue model beyond advertising with a more stable, recurring revenue stream, while boosting user engagement through premium features. Peer SNAP has found success through subscriptions. Up until now, investors have been frustrated by META's elevated spend and lack of new product rollouts.
Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) down 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.4%.The Philadelphia Semiconductor index lost 1.5%.In corporate news, Zscaler (ZS) shares tumbled 31% after the cloud security company provided a fiscal Q4 revenue outlook below market estimates, even though it reported better-than-expected results for the prior three-month period.Meta Platforms (META) plans to sell Meta AI chatbot consumer subscriptions for the first time, as the company looks to offset its billions of dollars of investments in AI, Bloomberg reported. Meta shares rose 3.4%.Super Micro Computer (SMCI) shares added 2.6% after the firm said Verda has selected its Nvidia (NVDA) GPU-accelerated, rack-scale systems for its AI cloud infrastructure in Europe.Taiwan Semiconductor Manufacturing (TSM) Chief Executive C.C. Wei told employees they will receive a more than 30% increase in profit-sharing payouts on average this year, driven by strong earnings growth fueled by AI demand, Bloomberg reported. Taiwan Semiconductor shares gained 3%.
Tech stocks were lower late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) down 0.5% and the State Street SPDR S&P Semiconductor ETF (XSD) falling 2.5%.The Philadelphia Semiconductor index lost 1.7%.In corporate news, Meta Platforms (META) plans to sell Meta AI chatbot consumer subscriptions for the first time, as the company looks to offset its billions of dollars of investments in AI, Bloomberg reported. Meta shares rose 3.8%.
Meta Platforms (META) plans to sell Meta AI chatbot consumer subscriptions for the first time, as the company looks to offset its billions of dollars of investments in artificial intelligence, Bloomberg reported Wednesday, citing a company spokesperson.The new subscriptions come in two tiers, namely, a $7.99 a month basic tier called Meta One Plus and $19.99 more advanced tier called Meta One Premium, and will start rolling out in Singapore, Guatemala and Bolivia, with plans for further expansion later, according to the report.Users will continue to be able to use Meta AI chatbot for free, but will eventually run into a limit with repeated usage, the report said.Meta Platforms did not immediately respond to' request for comment.Shares of the company were up over 3% in Wednesday trading.(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: $630.23, Change: $+17.89, Percent Change: +2.92%
Meta Platforms (META) stockholders have been urged by registered investment advisor JLens to vote in favor of its proposal that seeks greater transparency for the company's content moderation practices, JLens said Tuesday.The proposal focuses on greater accountability for any proliferation of online hate on the company's platforms, according to a statement.JLens said that ineffective content moderation could drive away users to platforms with more robust guardrails, impacting Meta's engagement and revenue.Meta Platforms did not immediately respond to a request for comment from.Price: $609.01, Change: $-1.26, Percent Change: -0.21%
Meta Platforms (META) has quietly launched a standalone app called "Forum" for Facebook Groups, positioning it as a dedicated space for deeper community discussions and engagement similar to Reddit, TechCrunch reported Friday.The app integrates users' existing Facebook Groups, profiles, and activity after login, allows posting under nicknames, and keeps shared content visible within Facebook Groups.Meta said Forum's feeds focus on ongoing group conversations rather than trending content and include an AI-powered "Ask" tab that summarizes answers from group discussions, along with an AI assistant for moderation and administrative support, TechCrunch added.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: $609.67, Change: $+2.29, Percent Change: +0.38%
Enbridge (ENB) and Meta Platforms (META) have expanded their renewable energy partnership with a solar and battery storage project in Wyoming to support the technology giant's growing US data center operations, the companies said on Tuesday.The first phase of the Cowboy Project, located near Cheyenne, Wyoming, deepens the energy partnership between Canada-based Enbridge and Meta Platforms, bringing their total contracted renewable energy capacity across North America to about 1.6 gigawatts.The project will combine 365 megawatts of solar generation with a 200-megawatt battery energy storage system capable of delivering 1.6 gigawatt-hours of electricity.Enbridge said it expects to invest about $1.2 billion in the project, which is scheduled to begin operations by the end of 2027.The battery storage component is designed to store electricity generated by the solar facility and discharge it during periods of high demand, helping improve grid reliability and supporting the integration of renewable power into the regional electricity system.Power from the project will be delivered to Meta through Cheyenne Light, Fuel and Power under Wyoming's Large Power Contract Service tariff, which is tailored for large energy users such as data centers without affecting retail customer electricity rates.Tesla (TSLA) will supply and service the battery systems under a long-term tolling agreement tied to the project.Meta said the project would help support reliable electricity supplies for its data center operations while adding renewable energy capacity to the grid.The Cowboy Project adds to Enbridge's existing renewable energy portfolio, supporting Meta, including the Clear Fork Solar, Easter Wind and Cone Wind projects in Texas.Price: $423.80, Change: $+5.95, Percent Change: +1.42%
Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.The Philadelphia Semiconductor index was up 0.9%.In corporate news, Meta Platforms (META) reached an agreement with the Breathitt County School District to settle a lawsuit alleging that addiction to top social media platforms has upended learning and forced public schools to spend large amounts of resources fighting a mental health crisis, Bloomberg reported. A Meta spokesperson toldvia email that the company has resolved this case amicably. Meta shares rose 0.3%.Nvidia (NVDA) reported fiscal Q1 revenue above Wall Street's estimates as data center sales outperformed expectations amid an AI boom. Its shares still declined 1.5%.Intuit's (INTU) stock plunged 20%. The financial technology platform late Wednesday reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%.SpaceX (SPCX) filed an S-1 registration statement with the Securities and Exchange Commission late Wednesday for an initial public offering. Separately, SpaceX entered into cloud-computing agreements to provide Amazon-backed (AMZN) Anthropic access to its server infrastructure, SpaceX said in a regulatory filing. Amazon shares rose 1.5%.
Tech stocks were higher late Thursday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) increasing 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) adding 1.9%.The Philadelphia Semiconductor index was up 0.9%.In corporate news, Meta Platforms (META) reached an agreement with the Breathitt County School District to settle a lawsuit alleging that addiction to top social media platforms has upended learning and forced public schools to spend large amounts of resources fighting a mental health crisis, Bloomberg reported. A Meta spokesperson toldvia email that the company has resolved this case amicably. Meta shares rose 0.3%.
(Updates with Meta's response to a request for comment from.)Meta Platforms (META) reached an agreement with the Breathitt County School District to settle a lawsuit alleging that addiction to top social media platforms has upended learning and forced public schools to spend large amounts of resources fighting a mental health crisis, Bloomberg reported Thursday.Snap (SNAP), Alphabet's (GOOG, GOOGL) YouTube and TikTok settled with the school district a week ago, according to the report."We've resolved this case amicably and remain focused on our longstanding work to build protections like Teen Accounts that help teens stay safe online, while giving parents simple controls to support their families," a Meta spokesperson toldvia email.(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: $608.35, Change: $+3.29, Percent Change: +0.54%
Meta Platforms (META) reached an agreement with the Breathitt County School District to settle a lawsuit alleging that addiction to top social media platforms has upended learning and forced public schools to spend large amounts of resources fighting a mental health crisis, Bloomberg reported Thursday.Snap (SNAP), Alphabet's (GOOG, GOOGL) YouTube and TikTok settled with the school district a week ago, according to the report.Meta didn't immediately reply 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: $608.12, Change: $+3.06, Percent Change: +0.51%
Meta Settles School Suit Alleging Harmful Effects of Social Media Addiction, Bloomberg Reports
Tech stocks were higher late Wednesday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 2.1% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 4.7%.The Philadelphia Semiconductor index popped 4.1%.In corporate news, Microsoft-backed OpenAI (MSFT) is aiming for an initial public offering as soon as September that will value the company at more than $1 trillion, the Financial Times reported. Microsoft shares rose 1%.Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said in a note. The brokerage maintained its buy rating on the Nvidia stock, with a $320 price objective, citing its "dominance in the fastest growing tech market and its compelling valuation." Nvidia shares rose 1.3%.Meta Platforms (META) CEO Mark Zuckerberg told employees the company does not expect further company-wide layoffs this year, Reuters reported, citing an internal memo. Meta on Wednesday cut 10% of its global workforce and reassigned 7,000 employees to AI-related initiatives as part of a broad restructuring, the report said. Meta shares added 0.2%.Intuit (INTU) is laying off about 17% of its global workforce, or roughly 3,000 employees, as part of a restructuring aimed at simplifying operations and sharpening focus on key priorities, including AI initiatives, Reuters reported. Intuit shares were down 3.6%.
Meta Platforms (META) CEO Mark Zuckerberg told employees the company does not expect further company-wide layoffs this year, Reuters reported Wednesday, citing an internal memo.Meta on Wednesday cut 10% of its global workforce and reassigned 7,000 employees to AI-related initiatives as part of a broad restructuring, the report said.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: $605.00, Change: $+2.39, Percent Change: +0.40%
Texas Attorney General Ken Paxton said Wednesday he has launched an investigation into Meta Platforms' (META) Meta AI Glasses to explore whether the glasses expose Texans' private data, recordings and facial geometry."Although Meta advertises its glasses as 'designed for privacy' and claims that it takes steps to protect private and key identifiable information, serious concerns have arisen," Paxton said. "Individuals at Meta's subcontractor Sama, located in Kenya, access consumers private information despite Meta's privacy representations."Meta didn't immediately reply to a request for comment from.Price: $604.26, Change: $+1.65, Percent Change: +0.27%
Meta Glasses Under Investigation by Texas AG Ken Paxton
Tech stocks were mixed late Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) decreasing 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 0.7%.The Philadelphia Semiconductor index added 0.2%.In corporate news, Intel (INTC) is urging notebook and personal computer makers to increase adoption of central processing units built on its latest 18A production process as demand for AI computing strains processor supply, Nikkei Asia reported. Intel shares were up 3.1%.Apple's (AAPL) Chief Hardware Officer Johny Srouji is reorganizing hardware development and shifting oversight of core functions to speed up work on future devices, Bloomberg reported. Apple shares were fractionally higher.Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said. Nvidia shares were down 0.5%.Meta Platforms (META) is moving 7,000 employees into new AI-focused roles as part of a broader restructuring that also includes planned job cuts later this week, Bloomberg reported Monday. Meta shares fell 1.5%.
Tech stocks were mixed Tuesday afternoon with the State Street Technology Select Sector SPDR ETF (XLK) falling 0.2% and the State Street SPDR S&P Semiconductor ETF (XSD) gaining 1.3%.The Philadelphia Semiconductor index climbed 0.8%.In corporate news, Nvidia's (NVDA) fiscal Q1 sales are expected to outperform market projections, with potential for "enhanced" cash returns likely to be among the key areas of focus, BofA Securities said. Nvidia shares were little changed.Meta Platforms (META) is moving 7,000 employees into new AI-focused roles as part of a broader restructuring that also includes planned job cuts later this week, Bloomberg reported Monday. Meta shares fell 1.5%.ASML (ASML) plans to begin receiving chip equipment made by its newest machines within months, Reuters reported, citing CEO Christophe Fouquet. ASML shares fell 0.5%.
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