The latest trading day saw Meta Platforms (META) settling at $521.52, representing a -1.87% change from its previous close.
Social media titan Mark Zuckerberg testified for a second day Tuesday in a landmark US antitrust trial, defending his conglomerate Meta against accusations it took over Instagram and WhatsApp to devour budding competitors.
The Meta Platforms CEO testified that his company had legitimate business reasons for acquiring Instagram more than a decade ago.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) CEO Mark Zuckerberg testified on Tuesday that Facebook acquired Instagram because it had developed a better camera, a key admission in a high-stakes antitrust trial that could determine the future of the company's ownership of Instagram and WhatsApp. Under questioning from the Federal Trade Commission, Zuckerberg acknowledged that his company was conducting a "build vs.
Sometimes you're forced to break up, even if you don't want to. That's the sort of the predicament Meta Platforms Inc. could find itself in — but for investors, it's not necessarily a bad thing.
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Meta could be forced to sell Instagram and WhatsApp if it loses a landmark trial that just started in the US.
Social media titan Mark Zuckerberg took the stand for a second day Tuesday in a landmark US antitrust trial where his conglomerate Meta is accused of taking over Instagram and WhatsApp before they could become competitors.
Meta Platforms (META) has been one of the stocks most watched by Zacks.com users lately. So, it is worth exploring what lies ahead for the stock.
Meta Platforms experienced a sharp decline after a significant rally, but recent price drops present a strong buying opportunity. Despite losses in Reality Labs, Meta's earnings and revenue growth remain robust, with impressive annualized growth rates. Meta's forward price-earnings and price-sales ratios are competitive within the Mag-7, indicating relative undervaluation.
As Canada heads into an election this month, voters looking for campaign news on Facebook or Instagram will find material filtered through online creators and influencers—and no links to articles from major media outlets.
The Federal Trade Commission began laying out its landmark antitrust case against Meta Platforms in federal district court in Washington Monday (April 14), with FTC attorney Daniel Matheson telling the judge Meta “decided that competition was too hard and it would be easier to buy out their rivals than to compete with them,” according to