Meta Platforms, Inc. (META)
| Market Cap | 1.29T |
| Revenue (ttm) | 142.71B |
| Net Income (ttm) | 45.76B |
| Shares Out | 2.54B |
| EPS (ttm) | 17.39 |
| PE Ratio | 29.30 |
| Forward PE | 24.23 |
| Dividend | $2.00 (0.39%) |
| Ex-Dividend Date | Jun 14, 2024 |
| Volume | 7,718,456 |
| Open | 500.76 |
| Previous Close | 504.68 |
| Day's Range | 499.45 - 510.50 |
| 52-Week Range | 274.38 - 531.49 |
| Beta | 1.21 |
| Analysts | Strong Buy |
| Price Target | 498.75 (-2.11%) |
| Earnings Date | Jul 31, 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 $498.75, which is a decrease of -2.11% from the latest price.
News
Brazil data regulator bans Meta from mining data to train AI models
Brazil's national data protection authority determined on Tuesday that Meta, the parent company of Instagram and Facebook, cannot use data originating in the country to train its artificial intelligen...
Meta to end ban on the word 'shaheed' on oversight board's recommendations
Meta Platforms said on Tuesday it would lift its blanket ban on the word "shaheed", or "martyr" in English, after a year-long review by its oversight board found the social media giant's approach was ...
Big Tech-EU regulation battle is 'new chapter in an old movie'
Meta Platforms (META) is under fire by EU regulators who claim the company's ad subscription model is a pay-for-content scheme that requires users to choose between paying a fee or handing over more p...
Meta plans to bring generative AI to metaverse games
Meta plans to bring more generative AI tech into games, specifically VR, AR and mixed reality games, as the company looks to reinvigorate its flagging metaverse strategy.
Brazil authority suspends Meta's AI privacy policy, seeks adjustment
Brazil's National Data Protection Authority (ANPD) has decided to suspend with immediate effect the validity of Meta's new privacy policy for the use of personal data to train generative artificial in...
Meta Is Changing Artificial Intelligence Labels After Real Photos Were Marked As AI
Advanced editing software is blurring the lines between real and AI-generated posts.
Meta to Announce Second Quarter 2024 Results
MENLO PARK, Calif. , July 1, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ: META) announced today that the company's second quarter 2024 financial results will be released after market close on We...
Mark Zuckerberg's Meta just got some bad news
It's not a good day for Meta in the EU. The European Commission says Meta's "pay or consent" advertising model is in breach of the EU's Digital Markets Act.
Meta's Higher Valuation Justified “by Increased Conviction on GenAI Prospects”
The “llama/Open-Source strategy is well positioned in enterprise,” notes a Raymond James analyst on Meta Platforms (META). Jeff Pierce discusses Meta Platforms' role in the A.I.
Time To Cash Out? Analyst Recommends Tapping Into Meta As Prime Funding Source
Needham analyst Laura Martin reiterated an Underperform rating on the shares of Meta Platforms Inc META. Needham's Underperform rating closely corresponds to the “Sell” recommendation required by the ...
NVDA, AMZN, META: The Adoption of A.I. in Mega Caps
French antitrust regulators are planning charges against Nvidia (NVDA), according to Reuters. Paul Nashawaty analyzes the adoption of A.I.
Meta charged with violating Europe's landmark tech competition law, faces billions in fines
Meta was charged Monday with violating Europe's sweeping tech competition law by forcing customers into a restrictive “pay or consent” model for ads on Instagram and Facebook.
NVDA up 150% YTD, AMZN All-Time High, META Up 40% YTD
Morgan Stanley raises its price target on Nvidia (NVDA) and highlights “robust” data checks. Jenny Horne looks at Amazon's (AMZN) all time-high on Thursday as the company is now devoting more investme...
Meta's 'Pay or Consent' Personalized Ads Policy Violates DMA, EU Regulators Say
Meta Platforms' (META) practice of "pay or consent" advertising on its products like Instagram and Facebook violates the European Union's (EU) new Digital Markets Act (DMA), the European Commission sa...
Meta's Ad-Free Facebook Plan Comes Under Fire in the EU. What Happens Next.
If EU regulators determine the social-media company broke its rules, it could face a fine of up to 10% of its worldwide revenue.
Meta's Facebook and Instagram Subscription Model Breaks EU Rules
The European Commission says Meta needs to give people more choice in how the company uses their data.
Meta is a big AI spender — and that can give its stock a big boost
As companies pour tens of billions of dollars into spending on artificial-intelligence infrastructure, will they be able to get an attractive return on their investments?
Meta's Ad-Free Subscription Violates Competition Law, E.U. Says
Regulators said the subscription service introduced last year is a “pay or consent” method to collect personal data and bolster advertising.
Meta's ‘Pay or Consent' model breaches digital rules: EU
The European Commission on Monday declared that Meta Platforms' newly introduced ‘pay or consent' advertising model fails to comply with the Digital Markets Act, compounding problems for the social me...
Meta breaches digital rules by charging users for ad-free social networks, EU claims
European Commission says ‘pay or consent' model does not comply with Digital Markets Act
Meta's Ad-Free Subscriptions For Instagram And Facebook Break Europe's Tech Rules—Possibly Drawing Billions In Fines, EU Says
Facebook and Instagram parent Meta has flouted Europe's tough digital competition rules by forcing users to “pay or consent” to sharing personal data, the European Commission said Monday, an infractio...
EU accuses Facebook owner of breaking digital rules with paid ad-free option
LONDON (AP) — European Union regulators accused social media company Meta Platforms on Monday of breaching the bloc's new digital competition rulebook by forcing Facebook and Instagram users to choose...
Meta's ‘pay or consent' model fails EU competition rules, Commission finds
Preliminary findings by the European Commission investigating a controversial binary choice Meta has forced on regional users of its social neworks, Facebook and Instagram, since last fall does not co...
Meta risks fines over 'pay for privacy' model breaking EU rules
The EU accused Facebook owner Meta on Monday of breaching the bloc's digital rules, paving the way for potential fines worth billions of euros.
Meta accused of breaching EU antitrust rules over ad-supported subscription service
Meta accused of breaching EU antitrust rules over ad-supported subscription service