Meta Platforms (NASDAQ: META) stock has fallen sharply in recent months, sliding from its record high of $796 in August last year to $562. Although the decline has left the company looking increasingly undervalued, downside risks remain, and the stock could face further weakness in the near term.
Meta is developing a prediction market platform that would initially allow betting with play money before the company considers enabling real stakes, Seeking Alpha reported Tuesday (June 23), citing a paywalled article by The New York Times.
Mark Zuckerberg is betting that prediction markets are the future.
Zuckerberg recently tasked a team inside Meta with building the experimental app, which is internally known as “Arena,” the New York Times reported.
The European Commission, the EU's competition watchdog, is close to issuing its preliminary findings – including that Facebook and Instagram are built with addictive features, Bloomberg reported, cited people familiar with the matter.
Meta Platforms expands Instagram TV to more devices, adds AI-powered video features and shares viewing tools as it pushes for higher engagement.
Meta is developing a new prediction market app to compete with Polymarket and Kalshi, the New York Times first reported, after CEO Mark Zuckerberg directed a small team to start building the new product internally called “Arena.”
Meta on Tuesday said it's launching a new line of smart glasses, dubbed Meta Glasses, starting at $299. These glasses are being made in partnership with EssilorLuxottica, but unlike the tech giant's other smart glasses, they don't carry Ray-Ban or Oakley branding.
Meta Platforms on Tuesday announced a new range of AI smart glasses in partnership with EssilorLuxottica , starting at $299.
Meta on Tuesday announced a new set of smart glasses called Meta Glasses with new designs and a starting price of $299. That's at least $80 less than the price tag for the company's entry-level second-generation Meta Ray-Ban glasses.
Meta Platforms (META) has been discounted by the market due to its AI capex and monetization risk. Results demonstrate improving engagement and over 30% revenue growth with expanding margins, attributable to its in-house AI tools. The Adj PE of 11x for 2026 and under 15% EPS growth forecast seems to underestimate and undervalue Meta's monetization skills.
The European Commission is set to escalate a probe into Meta Platforms that alleges its social media offerings are designed to be addictive to children, Bloomberg News reported on Tuesday, citing people familiar with the matter.