The European bloc has launched an antitrust investigation into the social media giant over its use of AI in WhatsApp.
U.S. tech giant Meta is set to face a European Union antitrust investigation into use of artificial intelligence in its chat platform Whatsapp, a source told Reuters.
Brussels is planning a new antitrust investigation into Meta Platforms over the rollout of artificial intelligence features within WhatsApp, the Financial Times reported on Thursday.
Australia's internet regulator said a teen social media ban would be the first domino to fall in a global push to rein in Big Tech, as Meta's Instagram, Facebook and Threads began locking out hundreds of thousands of accounts ahead of a deadline next week.
Meta Platforms (META) is poised to be the next major AI beneficiary, following Google's recent narrative shift and valuation surge. META's $60 billion AI-powered ad suite is driving structural efficiency gains, delivering up to 58% lower costs per purchase and locking in advertiser spend. The company's billion-user data moat and open-source Llama strategy underpin a new high-margin ecosystem, enabling future monetization beyond traditional advertising.
Meta Platforms (NASDAQ:META) stock might have enjoyed a nice late-November relief rally, but shares are still off close to 19% from their highs, and after dipping more than 1% on Monday's session, the recovery bounce might be running out of steam.
Shares of Meta Platforms Inc. (NASDAQ: META) gained 3.87% over the past five trading sessions after gaining 7.19% the five prior.
Meta Platforms (NASDAQ: META) has received an updated outlook from Evercore ISI, with analyst Mark Mahaney reaffirming his ‘Outperform' rating and citing a strengthening core business along with expanding long-term monetization opportunities.
Instagram will require U.S.-based employees to return-to-office five days a week, Meta confirmed on Monday. A Meta spokesperson told CNBC that the new RTO policy only applies to Instagram and not to the company's other family of apps, like Facebook and WhatsApp.
Fears of a spending spree have weighed on shares, but one analyst argues that Meta has the clearest AI payoff among the “Magnificent Seven.”
Meta Platforms (NASDAQ:META ) has been on a terrific run since it bottomed out in late 2022.
Meta Platforms (META) reported earnings 30 days ago. What's next for the stock?