Meta Platforms, Inc. (META)
| Market Cap | 1.28T |
| Revenue (ttm) | 134.90B |
| Net Income (ttm) | 39.10B |
| Shares Out | 2.55B |
| EPS (ttm) | 14.87 |
| PE Ratio | 33.75 |
| Forward PE | 24.43 |
| Dividend | $2.00 (0.40%) |
| Ex-Dividend Date | Feb 21, 2024 |
| Volume | 14,722,484 |
| Open | 499.80 |
| Previous Close | 494.17 |
| Day's Range | 499.04 - 512.21 |
| 52-Week Range | 207.13 - 531.49 |
| Beta | 1.18 |
| Analysts | Strong Buy |
| Price Target | 464.83 (-7.37%) |
| 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 43 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $464.83, which is a decrease of -7.37% from the latest price.
News
Apple removes WhatsApp, Threads from China app store, WSJ reports
Apple removed Meta Platforms' WhatsApp and Threads from its app store in China on Friday saying it was ordered to by the government, the Wall Street Journal reported.
Meta AI Assistant Adds Website, Expands Beyond US
Meta has introduced the latest version of its artificial intelligence (AI) assistant, Meta AI, powered by the latest advances with its large language model (LLM), Meta Llama 3. The assistant is free a...
Mark Zuckerberg announces Llama 3, Meta's new AI assistant
Meta Platforms (META) has launched its free AI assistant across all of its social media platforms. The virtual chatbot is powered by Meta's own AI model Llama 3 as it seeks to enable users to ask ques...
Meta AI Tool Now Driven by New, More Powerful Llama 3 Model, Meta Says
Meta says the Llama 3 large language model has more parameters than its predecessor -- the factor that means better responses to AI prompts from users.
Mark Zuckerberg's Meta releases early versions of Llama 3 AI model in bid to catch ChatGPT
The updated Meta AI assistant will be given more prominent billing within Meta's Facebook, Instagram, WhatsApp and Messenger apps as well as a new standalone website that positions it to compete more ...
Meta steps up AI battle with OpenAI and Google with release of Llama 3
Tech firm released early versions of its latest large language model and a real-time image generator as it tries to catch up to OpenAI
What You Need To Know Ahead of Meta's Earnings Report
Analysts and investors will be watching Meta Platforms' (META) advertising revenue growth and seeking updates about the impact of artificial intelligence (AI) technology when it reports earnings for t...
Meta takes aim at ChatGPT
CNBC's Deirdre Bosa joins ‘The Exchange' to report on the recent AI developments in Big Tech.
'What in the Black Mirror is this?': Meta's AI tells Facebook user it has disabled, gifted child
Facebook's AI has told a user it has a disabled child that was part of a New York gifted and talented programme.
Meta's new AI assistant is rolling out across WhatsApp, Instagram, Facebook and Messenger
Meta AI is rolling out across its social media platforms WhatsApp, Instagram, Facebook and Messenger
Meta strikes a partnership with Google to include its search results in Assistant's responses
CNBC's Steve Kovach joins ‘Halftime Report' to discuss the latest news on Meta and Google's new partnership.
Strike Rush: A New Team-Based VR Action Shooter Debuts on Meta Quest
SEOUL, South Korea , April 18, 2024 /PRNewswire/ -- On April 18th, 2024, Skonec Entertainment announces the launch of its new virtual reality title, Strike Rush, for Meta Quest . With two decades of d...
Meta releases early versions of its Llama 3 AI model
Meta Platforms on Thursday released early versions of its latest large language model, Llama 3, and an image generator that updates pictures in real time while users type prompts, as it races to catch...
Meta releases Llama 3, claims it's among the best open models available
Meta has released the latest entry in its Llama series of open source generative AI models: Llama 3. Or, more accurately, the company has open sourced two models in its new Llama 3 family, with the re...
Meta adds its AI chatbot, powered by Llama 3, to the search bar across its apps
Meta's making several big moves today to promote its AI services across its platform. The company has upgraded its AI chatbot with its newest Large Language Model, Llama 3, and it is now running it in...
Meta, in Its Biggest A.I. Push, Places Smart Assistants Across Its Apps
Users of Instagram, Facebook, WhatsApp and Messenger will be able to turn to the new technology, powered by Meta's latest artificial intelligence model, to obtain information and complete tasks.
Bill that could lead to TikTok ban gets potential new path to becoming law soon
The prospects may have improved this week for a bipartisan House bill that could lead to a nationwide ban for TikTok, as a key Democratic senator voiced her support for the measure following a change ...
Meta shouldn't force users to pay for data protection: EU watchdog
Facebook owner Meta and other online platforms must not force users to pay for the right to data protection enshrined in EU law when offering ad-free subscriptions, the European data regulator said We...
Adtech giants like Meta must give EU users real privacy choice, says EDPB
The European Data Protection Board (EDPB) has published new guidance which has major implications for adtech giants like Meta and other large platforms. The guidance, which was confirmed incoming Wedn...
Meta should give users free option without targeted ads, EU privacy watchdog says
Meta Platforms and other large online platforms should give users an option to use their services for free without targeted advertising, EU privacy watchdog the European Data Protection Board said on ...
EU privacy watchdog is against Meta's fee model, source says
The EU privacy watchdog is set to issue an opinion saying Meta Platforms can't charge users a fee to ensure their privacy, a person with direct knowledge of the matter said on Wednesday.
EU privacy body adopts view on Meta's controversial ‘consent or pay' tactic
Incoming guidance by an expert steering body for European Union data protection law could have major implications for Meta's surveillance advertising business model: Large platforms such as Facebook a...
Intel, Super Micro Computer, Meta, Applied Materials, and Other Tech Stocks in Focus Today.
Shares are moving tentatively higher as the sector struggles to turn around a bad week.
Atrium Health shared patient data with Facebook, class-action lawsuit alleges
A class-action lawsuit filed in North Carolina accuses Atrium Health of allowing Facebook and Google to access patient information online to use in targeted ads.
Portugal's far-right Chega vows legal action over 10-year Facebook curbs
Portugal's far-right party Chega will take legal action against Meta Platforms' decision to restrict the party's Facebook account for 10 years, a party spokesperson said on Tuesday.