Meta Platforms (NASDAQ: META), with a market cap exceeding $1 trillion, is primed for significant growth, buoyed by robust artificial intelligence (AI) integration across Facebook, Instagram, and WhatsApp.
UPDATE—July 26, 2024: This article has been updated to reflect more recent share price information.
Get a deeper insight into the potential performance of Meta Platforms (META) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Meta Platforms Inc. META is about to face its first EU antitrust fine. The penalty is due to claims that Meta unfairly combined its Marketplace with Facebook, using its dominant position to push out competitors in the classified ads market.
It wasn't too long ago when Meta Platforms (NASDAQ: META ) stock was trading at just $90 per share in 2022. That marked the lowest level for the stock in more than a decade.
It's been a rough week for the chip maker, after Alphabet's so-so earnings fueled fears that the AI rally could peter out.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is set to receive its first EU antitrust fine for linking its Marketplace service with Facebook, according to Reuters. Sources told the newswire service that the European Commission will impose this penalty as part of an investigation into Meta's practices.
WhatsApp said that as of July, it has 100 million users in the United States. “This milestone has been a long time coming and it proves that WhatsApp is the solution to the cross-platform divide in America,” the company said in a Thursday (July 25) blog post.
Meta Platforms (META) is set to report second-quarter earnings after the closing bell on Wednesday, with investors watching for advertising revenue strength and updates on artificial intelligence (AI) plans after its most recent AI model announcement.
Technology equities have largely had a good year in 2024. The tech-heavy Nasdaq Composite has rallied nearly 20% on a year-to-date basis, and secular trends such as artificial intelligence and cloud computing technologies could send technology shares higher in the near term.
Meta Platforms is reportedly facing its first antitrust fine in the European Union (EU). That fine could be handed down in a few weeks in response to the company connecting its classified ad service Marketplace with the Facebook social network, Reuters reported Thursday (July 25), citing sources with direct knowledge of the matter.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is once again facing lofty expectations ahead of its second quarter financial report due on Wednesday, July 31, after the stock market closes. The Street expects the Facebook, Instagram, and WhatsApp parent to post an almost 20% jump in revenue from the year-ago quarter's $32 billion to $38.3 billion.