Billionaire Jeff Yass Sold 29% of Susquehanna's Stake in Nvidia and Is Piling Into Another Huge Artificial Intelligence (AI) Stock
Stock-Split Watch: Is Meta Platforms Next?
Artificial intelligence is a powerful tool in Meta Platforms' arsenal, and if it's optimized, it can contribute to earnings per share growth.
Meta Platforms (NASDAQ:META) is a mega-cap tech giant most investors really don't need an introduction to.
It can only be said that shares of Meta Platforms Inc NASDAQ: META are having an absolutely blockbuster year, with gains of up to 70% year-to-date already locked in. This is making Meta one of the best performers among large-cap tech stocks in a year, and that's been good for equities in general.
Meta Platforms Inc. (NASDAQ: META) has become a focal point for investors this year, driven by advancements in artificial intelligence (AI) and rising engagement across its flagship platforms, Facebook and Instagram.
Facebook owner Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) has been fined €793 million by the European Union for forcing advertisers onto its Marketplace platform. Brussels said that by embedding Marketplace into its social network it had imposed “unfair trading conditions” on other classified ad service providers.
Meta Platforms (META) has been fined 797.72 million euros ($843.31 million) by European regulators who accused the company of harming other classified marketplace providers in Europe by attaching its Marketplace product to Facebook.
The European Commission says the Facebook parent company is undermining rivals by embedding its classified ads platform within the social network.
Meta Platforms Inc (NASDAQ: META) is in focus after the European Commission fined it a staggering €797.72 million ($840.24 million) over anti-competitive practices related to the Facebook Marketplace.
Meta said Thursday (Nov. 14) that it will appeal the European Commission's (EC) decision in a case alleging practices involving Facebook and Facebook Marketplace that cause competitive harm. The EC announced Wednesday (Nov. 13) that it fined Meta 797.72 million euros (about $842 million), saying the company violated European Union (EU) antitrust rules by tying Facebook Marketplace to Facebook.
The EU fined online giant Meta almost 800 million euros on Thursday for breaching antitrust rules by giving users of its Facebook social network automatic access to classified ads service Facebook Marketplace.