Shares of Meta Platforms Inc. (NASDAQ: META) gained 11.06% over the past five trading sessions after losing 5.72% the five prior.
The company says it's testing paywalled premium sharing and AI features.
TikTok settled a high-profile lawsuit on Monday evening, which alleges that social media companies intentionally make their products addictive, causing harm to users. Snap settled the case last week, but Meta and YouTube — the other defendants — are now heading to trial, where jury selection begins on Tuesday.
META's Q4 ad revenues are set to surge on AI-driven tools and rising global engagement across its platforms.
Meta is scheduled to report its fourth-quarter results after the closing bell Wednesday. Traders anticipate a big move in the social media giant's stock.
The company says it's testing paywalled premium sharing and AI features.
TikTok agrees to settle social media addiction trial involving Meta, YouTube moves forward
The tech giant has spent more than $6 million on TV ads in state capitals and Washington, with the message that data centers create jobs.
Three of the world's biggest tech companies face a landmark trial in Los Angeles starting this week over claims that their platforms deliberately addict and harm children.
According to a report from TechCrunch that was independently verified by CNBC, subscriptions for premium features on Meta apps are expected to roll out in the coming months. The subscriptions will give paid users access to more features and expanded AI capabilities.
Meta plans to test new subscriptions that give people access to exclusive features on it apps, the company told TechCrunch on Monday. The tech giant said the new subscriptions will unlock more productivity and creativity, along with expanded AI capabilities.
Meta Platforms, Inc. is attractive pre-earnings after the pullback, as skepticism is now on AI infrastructure and Reality Labs spending. META's valuation is compelling, trading at a discount to peers despite 20%+ revenue and 25.9% forward EPS growth, mainly due to the penalty for capex concerns. Management's 10% Reality Labs workforce cut and focus on AI infrastructure signal a shift toward spending discipline and high-margin AI wearables.