Meta and Apple are close to settling two high-profile antitrust cases with the European Commission, marking a potential de-escalation in the ongoing tension between US Big Tech companies and European regulators, reported Financial Times. According to officials cited in the report, who have been briefed on the discussions, both companies are in the final stages
A dozen Republican attorneys general are demanding answers from Meta as the social media company faces a lawsuit from Oct. 7 victims' families.
Shares of Meta Platforms Inc. (NASDAQ: META) lost 0.78% over the past five trading sessions after losing 5.46% the five prior.
Meta's core social media business delivers massive cash flow, enabling heavy investment in AI and innovation with a proven high ROIC. The management is working really hard to deliver superior value for digital advertising customers, which will inevitably result in greater loyalty and improved growth potential. Valuation remains attractive, with estimated FY2025 P/E at 25.4 and Wall Street's average target price suggesting 22% upside.
A group of Italian families has filed a lawsuit against Facebook, Instagram and TikTok, accusing the platforms of failing to enforce age restrictions and using addictive features that harm children's mental health.
PBA reportedly nears a deal to fuel Meta's massive AI data center in Alberta with natural gas via its Alliance pipeline, partnering with Kineticor and Beacon AI.
Since January, OpenAI has fielded hundreds of proposals in a stealth search for Stargate data center sites, prioritizing access to power, scalability, and local support. Led by former Meta executive Keith Heyde, the company is moving from being a cloud customer to an infrastructure builder.
Ten companies traded on U.S. stock exchanges currently have market values of at least $1 trillion, and nine are deeply involved in artificial intelligence (AI). They are listed in descending order based on the upside (or downside) implied by the median target price among Wall Street analysts as of October 3.
I'm upgrading Meta to a buy rating after the company recently delivered substantial acceleration in ad impressions that powered >20% y/y revenue growth. On top of this, Meta continues to drive economies of scale, with operating income and EPS growing at 38% y/y. While Meta's valuation still sits at a premium (~24x forward P/E), Mag 7 peers have also risen, putting Meta on the cheaper side of the group.
In a big milestone for Meta Platforms NASDAQ: META, the tech giant recently announced that Instagram has now hit 3 billion monthly active users. That's around 37% of the world's population of 8.1 billion, demonstrating the platform's dominance.
A Dutch court Thursday ordered Meta to ensure that Facebook and Instagram users in the Netherlands have "direct and easily available" access to a feed that is not based on algorithmic profiling.
Scammers are among the top political ad spenders on Meta's platforms, using deepfake videos of American politicians—including President Donald Trump—to promote fake government benefits, a watchdog group said Wednesday.