Meta Platforms (META -4.54%) stock is getting hit with substantial sell-offs in Thursday's trading. The company's share price was down 4.3% as of 2:30 p.m.
Meta Platforms continues to achieve significant growth in user base, revenue, profits, and cash flows, making it an attractive investment. Despite massive gains, the stock remains attractively priced with strong growth prospects for 2025, justifying a 'buy' rating. Meta's investments in data centers and new initiatives like Threads and WhatsApp are driving future growth and revenue potential.
Meta Platforms said on Thursday it would begin testing community notes on its social media platforms in the United States from March 18, more than two months after announcing the end of its fact-checking program.
Meta said Thursday that its new Community Notes crowdsourced content moderation tool will use the open-source algorithm from X. "As our own version develops, we may explore different or adjusted algorithms to support how Community Notes are ranked and rated," Meta said in a blog post.
Next week, Meta will begin one of the company's most significant overhauls ever for how it fact-checks information on its platforms.
Equities have not performed well since Donald Trump took office as the 47th U.S. president. As of March 10, the S&P 500 was down 8.6% since Feb. 19, while the tech-heavy Nasdaq Composite was down 13.4% since Dec. 16 highs.
Meta won an emergency arbitration decision regarding the book "Careless People." The decision, in part, bars Sarah Wynn-Williams from promoting the book.
An arbitrator has prevented the employee from promoting her book and disparaging the company until private arbitration concludes.
Meta is seeking to stop the promotion of a new memoir by a former staffer that paints the company in an unflattering light, including allegations of sexual harassment by the company's policy chief. An emergency arbitrator ruled Thursday that Sarah Wynn-Williams is prohibited from promoting "Careless People," her memoir released by Flatiron Books, an imprint of publisher Macmillan Books.
Meta Platforms Chief Executive Mark Zuckerberg held meetings at the White House with Trump administration officials on Wednesday, according to a source familiar with the matter.
Shares of Meta Platforms Inc. (NASDAQ: META) lost -1.55% in morning trading on Wednesday, compounding a rough week and month that has seen the stock fall by -3.94% and -14.26%, respectively.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is facing a lawsuit in France over alleged copyright infringement related to its AI training practices. On Wednesday, three prominent French publishing and authors' associations filed a legal complaint against Meta in a Paris court.