A trial beginning in New Mexico on Monday could prompt a judge to order sweeping changes to how Facebook, Instagram and WhatsApp operate - a move Meta Platforms has warned could force it to withdraw from the state.
Meta acquired Assured Robot Intelligence (ARI) on Friday, a startup developing AI for humanoids. The move is another step for Meta toward building out its robotics efforts.
Meta has acquired humanoid robotics startup Assured Robot Intelligence for an undisclosed sum, the social media giant said.
The startup's team will join Meta to focus on optimizing its models for robotics applications.
Meta Platforms, Inc. is transforming advertising through custom AI chips and full-stack infrastructure control, driving exceptional revenue growth. META's unique co-design of models, hardware, and infrastructure enables efficient, scalable AI-driven ad automation and cost savings. AI-powered ad tools now serve 8 million advertisers, positioning META to automate campaign creation, targeting, and optimization with agentic AI systems.
Meta warns it may pull Facebook and Instagram from New Mexico rather than comply with child safety measures sought after a $375 million jury verdict.
Meta Platforms (NASDAQ:META | META Price Prediction) trades at $610.34 after a brutal selloff, while the Wall Street consensus price target sits at $855.11.
Meta Platforms (NASDAQ: META | META Price Prediction) is currently trading at $611.91, while the average Wall Street price target is $855.11.
Meta Platforms posted Q1 2026 revenue up 33% YoY to $56.31B, far surpassing expectations despite a subsequent 8.5% stock drop. I view META as a prime AI beneficiary, leveraging GenAI to accelerate growth in its core digital ad business and user experience. Gross margin remains robust at 82%, supporting aggressive R&D and AI investment, while META's forward PEG ratio signals a growth discount.
Meta's first-quarter numbers looked strong on paper: revenue rose 33% to $56.3 billion, and the company kept its operating margin at 41%. But the stock still fell roughly 7% in extended trading after Meta lifted its 2026 capex plan to $125 billion to $145 billion.
Zuckerberg said Meta's ad business experienced a “trajectory change” after the U.S. launched strikes against Iran in late February that sent oil prices surging. He noted consumers spending more on gas due to rising oil prices would mean they spend less on “things that they would just buy that are just kind of discretionary things that the advertising might serve,” he said, according to the Journal.
In an internal Q&A with employees, Meta's CEO says company will shrink teams and develop more new apps as AI changes workflows.