Meta Platforms, Inc. (META)
| Market Cap | 1.22T |
| Revenue (ttm) | 142.71B |
| Net Income (ttm) | 45.76B |
| Shares Out | 2.54B |
| EPS (ttm) | 17.39 |
| PE Ratio | 27.69 |
| Forward PE | 22.87 |
| Dividend | $0.50 (0.10%) |
| Ex-Dividend Date | Feb 21, 2024 |
| Volume | 12,493,835 |
| Open | 474.98 |
| Previous Close | 471.85 |
| Day's Range | 471.20 - 482.50 |
| 52-Week Range | 238.14 - 531.49 |
| Beta | 1.21 |
| Analysts | Strong Buy |
| Price Target | 495.18 (+2.83%) |
| 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 2.83% from the latest price.
News
Meta restores Facebook posts by Malaysian media on PM Anwar's meeting with Hamas
Meta Platforms has restored Facebook posts by Malaysian media covering Prime Minister Anwar Ibrahim's meeting this week with a Hamas leader, saying they were removed in error.
Senators urge $32 billion in emergency spending on AI, including safeguards
WASHINGTON — A bipartisan group of four senators led by Majority Leader Chuck Schumer is recommending that Congress spend at least $32 billion over the next three years to develop artificial intellige...
Here are some of the tech stocks Daniel Loeb's Third Point hedge fund has snapped up
Daniel Loeb's Third Point hedge fund has gone deeper into stocks of major tech companies, a filing with the Securities and Exchange Commission showed late Wednesday.
Final Trades: Meta, American Tower and Lennar
The Investment Committee gives you their top stocks to watch for the second half.
Malaysia to ask Meta to explain removal of Facebook posts on PM's Hamas meeting
Malaysia will ask Meta Platforms to explain the removal of posts from Facebook related to media reports of Prime Minister Anwar Ibrahim's publicised meeting this week with a Hamas leader, its governme...
Meta Is Shutting Down Workplace, Its Collaborative Work Tool
But it won't shut down until June 1, 2026, so there's time to migrate elsewhere.
Meta to Phase Out Workplace Over Next 2 Years
Meta Platforms will be phasing out Workplace, its office collaboration tool, over the next two years. The platform will continue working as usual until Aug. 31, 2025, when it will stop functioning, an...
Meta to Shut Workplace Tool; Zoom Video's Workvivo Named Preferred Migration Partner
Meta said the company was discontinuing the Workplace product in order to focus on building AI and metaverse technology.
Meta to shut Workplace app to focus on AI, metaverse
Meta Platforms will discontinue its work-focused Workplace app as the company shifts its focus on building artificial intelligence and metaverse technologies, the Facebook parent said on Tuesday.
Research sheds light on the web of trust, privacy and safety factors shaping users' experiences on Facebook Marketplace
Love it or hate it, Facebook Marketplace is the largest online resale site today with more than one billion monthly users. A new study conducted by UBC researchers sheds light on the intricate web of ...
Sources: Meta is shutting down Workplace, its enterprise communications business
Facebook once had big ambitions to be a major player in enterprise communication and productivity, but today the social network's parent company Meta will be closing a very significant chapter in that...
RFK Jr. Sues Meta For Blocking Campaign Ad
Robert F. Kennedy Jr. and the super PAC supporting his independent presidential candidacy sued Meta on Monday, accusing it of blocking a campaign ad on its platforms in violation of the First Amendmen...
RFK Jr and super PAC sue Meta, claiming election interference
Independent U.S. presidential candidate Robert F. Kennedy Jr and a super PAC supporting him filed a lawsuit on Monday against Facebook parent Meta Platforms , alleging the tech giant interfered in the...
Meta exploring AI-assisted earbuds with cameras, The Information reports
Meta Platforms is exploring making earphones powered by artificial intelligence with cameras, The Information reported on Monday citing employees familiar with the matter.
Meta, Apple are investing in tech that can decode brain activity
AI can now decode your brain activity—a fancy way of saying mind reading. Big tech companies like Meta (META) are backing research into this field, including products that can decode thoughts without ...
Falcon 2: UAE's Technology Innovation Institute Releases New AI Model Series, Outperforming Meta's New Llama 3
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Falcon 2: UAE's Technology Innovation Institute Releases New AI Model Series, Outperforming Meta's New Llama 3.
Meta settles trademark lawsuit brought by investment firm Metacapital
Meta Platforms has resolved a trademark lawsuit filed by investment firm Metacapital Management over the tech giant's name change from Facebook, the companies told a New York federal court on Friday.
From Facebook to Meta: Zuckerberg's Big Bet
A new podcast series examines what Meta Platforms' multibillion-dollar bet on the metaverse means for the company, investors and internet users.
Here's why EMJ Capital's Eric Jackson favors Nvidia and Meta from Magnificent 7
Eric Jackson, EMJ Capital founder and president, joins 'Closing Bell' to discuss why he believes there's more upside in the growth trade.
Australia targets social media with parliamentary probe
Australia announced on Friday that it would hold a parliamentary inquiry to look into the negative impacts of social media platforms, saying they have significant reach and control over what Australia...
Meta and Alphabet's new dividends reward shareholders—especially the founders
Paying a dividend for the first time is a big deal for a giant company that has been focused on growing as rapidly as possible without worrying about sending periodic cash payments to its shareholders...
New Mexico AG on targeting online predators: Meta's platforms are not safe for children
New Mexico Attorney General Raul Torrez joins 'Squawk Box' to discuss the arrest of three suspected online predators following a months-long undercover investigation of child predators operating on Me...
Investing in the future of AI: Tech investor Paul Meeks on the five 'Magnificent 7' stocks he likes
Paul Meeks, Harvest Portfolio Management co-CIO, joins 'Squawk Box' to discuss investing in the future of AI, which of the 'Magnificent Seven' stocks he's in on, and more.
Meta's oversight board backs takedown of Australian voter fraud posts
Meta's oversight board upheld a decision to remove two Facebook posts calling for Australians to vote multiple times in an indigenous rights referendum, but noted the social media giant had not adequa...