META PLATFORMS REVISED PAID AD-FREE SERVICE MAY STILL BREACH EU PRIVACY, CONSUMER LAWS, CONSUMER GROUP SAYS
Meta Platforms, Inc.'s stock remains attractive due to AI and Metaverse opportunities, even after the stock's massive run in the last couple of years. The company has a massive catalyst in smart glasses with an aim to replace smartphones in the future, warranting Reality Labs' $17+ billion annual loss. The stock could reach $750 by 2025 based on 25x core earnings, with the smart glasses business a future catalyst.
Meta joined a mega-sized venture funding round for Databricks, with the Facebook parent serving as strategic investor. The post Meta Platforms Backs Hot AI Startup Databricks As Strategic Investor appeared first on Investor's Business Daily.
Some Meta social media users said on Wednesday that their accounts re-followed the profiles of President Donald Trump, Vice President JD Vance and first lady Melania Trump after they had unfollowed those accounts once Trump took office for his second term.
Jim Breyer, who backed Facebook in 2005, said founder Mark Zuckerberg has been "revitalized" by Meta's new focus on artificial intelligence. "I think he feels right now with what he's doing with AI, what he's doing from a technology standpoint, he feels he's really unleashed to go for it," Breyer said.
Many Instagram users have complained this week that Meta has forced them to follow President Trump's accounts without their consent. A spokesman for the company said on Threads that the @POTUS, @VP and @FLOTUS accounts are moved over when a transition of power occurs in the U.S.
CNBC's Deirdre Bosa joins 'The Exchange' to discuss the latest news on AI funding.
Ali Ghodsi, Databricks CEO, joins 'Money Movers' to discuss Databricks recent investment from Meta, and much more.
Meta Platforms investors celebrate another momentous year of outperforming the market. Mark Zuckerberg's "year of intensity" seeks to open up greener pastures in AI, consumer products, and efficiency gains. Meta stands ready to gain from TikTok's legal troubles, potentially capturing US TikTok users and enhancing its social media dominance.
Facebook and Instagram owners Meta is offering popular US creators from competitors' apps such as TikTok the chance to earn $5,000 (£4,040) in bonuses to make content on its platforms.
Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup's expansion plans and new product development.
Meta Platforms (META) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.