Meta Platforms is looking to AI-powered glasses to drive growth, which some Wall Street analysts said could help position the tech giant as an early leader in a new category of devices.
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Shares of Meta Platforms Inc. (NASDAQ: META) gained 0.84% over the past five trading sessions after losing 2.15% the five prior.
Europe's second-highest court on Wednesday upheld challenges by Meta Platforms and TikTok against an European Union supervisory fee imposed on them.
I see a big overhang, pressuring Meta's stock: the FTC antitrust lawsuit against Meta, which could culminate in a forced divestiture of Instagram and/or WhatsApp. Recent legal trends, while not binding, suggest that a forced divestiture of Instagram and/or WhatsApp is unlikely, which could unlock further multiple expansion. Instagram drives the topline. Estimates include $32B in 2025 US ad revenue, US ARPU of $250 vs. Facebook's $207, and 2B MAU. Its divestiture would be a major revenue hit.
Mark Zuckerberg - not that one - is suing Meta, the owner of Facebook.
Meta Platforms' core advertising business is its cash cow, and right now, that cow shows no signs of slowing. Q2 results are impressive, with both gross and operating margins expanding. Bernstein now projects Meta to beat Google in global ad revenue by 2026, a scenario that would have been unimaginable just a few years ago. In 2025 alone, Meta is set to spend up to $72 billion on AI. The crown jewel is the $50-billion Louisiana data center, the largest of its kind ever built.
Shares of Meta Platforms Inc. (NASDAQ: META) lost 2.15% over the past five trading sessions after gaining 0.76% the five prior.
Sen. Josh Hawley said he would launch an investigation into how Meta trains its AI chatbot. Meta will train its chatbot not to have romantic discussions or talk about self-harm with children.
It's only been since June that Meta invested $14.3 billion in the data vendor Scale AI, bringing on CEO Alexandr Wang and several of the startup's top executives to run Meta Superintelligence Labs (MSL). However, the relationship between the two companies is already showing signs of fraying.
Meta says its changing the way it trains AI chatbots to prioritize teen safety, a spokesperson exclusively told TechCrunch, following an investigative report on the company's lack of AI safeguards for minors.
Lawyers for Elon Musk have asked a U.S. judge to block ChatGPT-owner OpenAI from obtaining documents from Meta Platforms related to a previous $97.4 billion bid for OpenAI's assets, a court filing showed.