Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) delivered better-than-expected revenue and profits for the first quarter, sending shares of the Facebook, Instagram and WhatsApp owner higher afterhours on Wednesday. First quarter revenue was up 16% from the same periood last year at $42.31 billion, almost $1 billion higher than the $41.36 Wall Street consensus estimate.
Tens of thousands of UK investors, whether they realise it or not, are exposed to Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB). Some own the shares outright in a SIPP or ISA.
The market is rife with fear about tariffs and their potential impact on the broader economy. This caused many stocks to sell off.
Facebook owner Meta Platforms has launched a stand-alone artificial-intelligence app, becoming the latest technology giant to enter a field already facing intense competition.
META's first-quarter 2025 results are expected to benefit from improving advertising business and improving user engagement.
In mid-March, Meta said that its “open” AI model family, Llama, hit 1 billion downloads, up from 650 million downloads as of early December 2024. On Tuesday at its inaugural LlamaCon developer conference, Meta revealed that figure has reached 1.2 billion downloads.
Social media behemoth Meta unveiled its first standalone AI assistant app on Tuesday as it tries to take on ChatGPT by giving users a direct path to its generative artificial intelligence models.
Meta's strong earnings track record and forward-looking approach to AI integration signals a bullish outlook for the company.
Meta Platforms is launching a standalone artificial intelligence app and going head-to-head with OpenAI maker ChatGPT.
On Tuesday, Meta is hosting its first-ever LlamaCon AI developer conference at its Menlo Park headquarters, where the company will try to pitch developers on building applications with its open Llama AI models. Just a year ago, that wasn't a hard sell.
Meta's advertising revenue, capital expenditures and free cash flow will be the focus in its first-quarter report.
A potential breakup of Meta (NASDAQ: META) could unlock shareholder value, similar to historical cases like AT&T (NYSE: T) and Microsoft (NASDAQ: MSFT).