META is currently in a growth normalization stage, with advertising revenue growth decelerating due to a significant slowdown in ad impression growth. The company 4Q FY2024 guidance indicates that its revenue growth and operating margin will sequentially improve compared to 3Q. Management indicated higher capex in 4Q and a significant increase in FY2025, leading to higher depreciation and operating costs, which will impact earnings more than operating cash flow.
Meta Platforms (META) provided strong guidance buoyed by its extensive thrust on generative artificial intelligence.
South Korea has ordered Facebook owner Meta Platforms to pay 21.62 billion won ($15.67 million) in fines after finding it had collected sensitive user data and given it to advertisers without a legal basis, Seoul's data protection agency said.
The shift in policy, covering government agencies and contractors working on national security, is intended to promote “responsible and ethical” innovations, the company said.
Meta extended its ban on new political ads on Facebook and Instagram past Election Day in the U.S. Meta did not specify the day it will lift the restriction, saying only that the ad blocking will continue "until later this week."
Meta announced Monday it is extending its ban on new ads about social issues, elections or politics generally to an unspecified time later this week—a decision that came just one day before the ban was set to expire on Election Day.
Meta Platforms will extend its ban on new political ads after the U.S. election, maintaining the suspension until later this week, the Facebook-parent said in a blog post on Monday.
Meta Platforms (META) is well positioned to outperform the market, as it exhibits above-average growth in financials.
As it gets set to join the Dow, Nvidia stock leads five stocks near buy points, including Cava, Shopify, Vertiv and MercadoLibre. The post Nvidia Among 5 Top Stocks, But Fails To Join Meta Here appeared first on Investor's Business Daily.
In an effort to combat the perception that its “open” AI is aiding foreign adversaries, Meta today said that it's making its Llama series of AI models available to U.S. government agencies and contractors working on national security applications.
Meta had strong earnings as DAP grew, driving top-line and bottom-line growth for the company. The company is using an aggressive share buybacks with its cash to drive substantial shareholder returns. The company's Reality Labs losses are disappointing and simply not worth it, but the company continues to see sufficient cash flow.
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