Meta Platform's AI efforts are looking like the recipe for a comeback after an almost year-long drought in shares of the $1.7 trillion market-cap company.
The European Union accused Meta on Friday of breaching its social media law by designing Facebook and Instagram to get users hooked, and demanded it disable "key addictive features" like infinite scrolling.
Jim Cramer, the CNBC host and longtime market commentator, offered a measured take on X this morning that cuts through the noise around 2026's most crowded AI trade: “Meta isn't as rewarding as a Micron but it is still real money nonetheless.
European regulators told Meta on Friday to make big changes to Facebook and Instagram's "addictive" features -- or face steep fines.
Meta Platforms Inc. (NASDAQ: META) shares climbed 6% in trading on Friday, becoming the top-performing Magnificent 7 stock. It extended this week's rally as investors responded to a series of artificial intelligence-related developments, including reports of a new in-house AI chip, expanding computing capacity, and the launch of its latest AI model.
Meta Platforms (NASDAQ:META | META Price Prediction) has spent 2026 in a frustrating chop, but our proprietary model sees the current pullback as an opportunity rather than a warning.
This article was written by Doug Nathman, with research by his team at Trefis.
Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) has announced plans to build a 1-gigawatt data centre in Sturgeon County, Alberta, marking the technology company's first such facility in Canada as it expands its computing infrastructure to support artificial intelligence development. The project represents an investment of more than C$13 billion ($9.17 billion) and will become Meta's 33rd data centre globally.
The EU announced on Friday that Meta must overhaul Facebook's and Instagram's addictive design features or face a fine. The tech giant is in breach of the Digital Services Act by focusing on features like infinite scroll, autoplay, push notifications, and highly personalized recommendation algorithms, the European Commission said.
Meta stock faces a challenge as social-media company Meta Platforms reportedly plans to start manufacturing a new in-house AI chip from September.
The bloc's regulator said the tech giant may be in breach of its digital rules, opening the door to heavy fines.
This week, Meta launched Muse Image, Meta Superintelligence Lab's first image generation model. And with the new AI tool, Meta is once again testing the limits of privacy rights.