Zacks.com users have recently been watching Meta Platforms (META) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
After Meta Platforms Inc. META made history on Thursday, advancing 19th day in a row and hitting a fresh 52-week high of $729 apiece However, it seems that the stock may not make it to day 20, as it's falling in premarket on Friday.
Meta Platforms (META 0.44%) isn't a cheap stock anymore, at least on a dollars-per-share basis. Its stock price has reached over $700 per share, a range that many investors begin wondering if a stock split is imminent.
Meta Platforms will allow rival classified ads service providers to list their ads on Facebook Marketplace, the company said on Thursday, three months after it was hit with a 797-million-euro ($828 million) EU antitrust fine for giving its own service an unfair advantage.
Digital titans including Facebook and TikTok formally pledged to ramp up the fight against disinformation in the EU, Brussels said on Thursday, just days after the new US administration condemned the bloc's online content rules.
Carter Worth, Worth Charting, talks the technicals on Meta.
Meta's open-source approach to AI, evidenced by projects like Llama, presents enormous opportunities for the company. Strong financials from social media advertising, with $48.39 billion in Q4 2024 revenue, support Meta's ambitious AI initiatives. The open-source strategy, validated by DeepSeek, accelerates innovation and positions Meta to stay at the cutting edge of AI development.
Meta is reportedly in talks to acquire a South Korean chip firm as the social media giant looks to bolster its AI hardware infrastructure.
Meta Platforms has risen on each trading day since Jan. 16. Its in-house chip ambitions could help drive its rally.
Meta Platforms (NASDAQ: META) has extended its historic rally, closing higher for the 17th consecutive session and marking its longest winning streak ever. The stock has surged 18% during this run and is now up 22% year-to-date, closing at $719.80 on February 11.
Marco Iachini, Senior VP of Research at Vanda Research, discusses retail investors' behavior regarding mega-cap stocks like Meta and Nvidia.