Mark Zuckerberg has recently directed a team to build a standalone prediction-market app, internally called “Arena” (and also codenamed Antwerp and FBForecast), to rival Kalshi and Polymarket.
Meta Platforms (META) concluded the recent trading session at $562.6, signifying a +2.24% move from its prior day's close.
Mr. Zuckerberg's plans for Arena, a prediction markets app that Meta is building, also include appealing to 18- to 34-year-old users.
Meta Platforms (NASDAQ:META | META Price Prediction) has slid hard in 2026, and that selloff has opened up a setup the model rates as one of the most attractive in mega-cap tech.
META's AI push is fueling revenue growth, ad engagement, and user activity, with billions using AI features as the company ramps up infrastructure.
Sarah Wynn-Williams, a former Facebook policy executive, is suing Meta over its attempts to stop her from talking about her book, “Careless People,” a New York Times bestseller.
Meta Platforms, Inc. delivered 33% YoY revenue growth and 61% net income growth, but the stock sold off due to higher CapEx guidance. META raised 2026 CapEx to $125–$145 billion, compressing near-term cash flow, yet maintains a Strong Buy rating based on robust ad growth and AI-driven monetization. Key growth drivers include a $30 billion annualized run rate from Value Optimization and partnerships and rapid scaling of business AI and Muse Spark Shopping Mode.
Stock futures are sharply higher this morning as tech shares bounce back from their recent slump after an AI favorite handily beat earnings estimates; Micron shares are soaring after the memory chip maker posted results well above what analysts had expected thanks to strong AI demand; the Personal Consumption Expenditures report is expected to show that inflation surged in May; SpaceX shares are rising after closing at their lowest level since the company's historic IPO; and Qualcomm shares are surging after the chipmaker issued bullish new forecasts and announced a partnership with Meta. Here's what you need to know today.
Early last year, Meta's chief technology officer, Andrew Bosworth, had a clear message for his staff. "You should quit if you feel that way," he told one employee who said workers were being treated poorly.
Meta reassigned thousands of engineers to units focused on AI training last month. Now, Meta is letting people leave the unit if they want to.
Meta Platform's NASDAQ: META last earnings report disappointed investors, leading shares to fall more than 8% to $611 afterward. This drop has so far indicated the start of a larger slide for the stock, as Meta has continued to tumble, recently falling below $575.
Facebook announced on Wednesday that it's reimagining its Creator Studio tool as a standalone AI companion app designed to help creators grow their audiences on the social network.