META Platforms stock (NASDAQ: META) has declined by 18.4% within a span of 21 trading days. This significant drop indicates renewed worries among investors concerning the company's aggressive expenditure on both AI infrastructure and its Reality Labs division.
Social media giant Meta Platforms (NASDAQ: META) is facing renewed Wall Street caution after MoffettNathanson lowered its price outlook.
Shares of Meta Platforms Inc. (NASDAQ: META) lost 4.94% over the past five trading sessions after losing 0.78% the five prior.
Spain's Prime Minister Pedro Sanchez said on Wednesday his government would investigate Facebook and Instagram owner Meta for possible violation of privacy of users of its social media applications.
Meta Chief Revenue Officer John Hegeman said Tuesday (Nov. 18) that he is leaving the firm after 17 years to start his own company. Announcing the move in a post on Facebook, Hegeman said he had “decided it's time to close this chapter and pursue a long-standing dream — starting a new company.
Meta's chief revenue officer is leaving at a time when Wall Street has become more concerned about the return on AI investments.
The FTC claimed Meta held an illegal monopoly in social networking.
To avoid regulatory scrutiny, big tech companies had steered clear of buying start-ups outright. Meta's antitrust win may change that thinking.
A federal judge ruled that Meta does not hold a monopoly over social networking after purchasing Instagram and WhatsApp in 2012 and 2014, ending a lengthy case brought by the Federal Trade Commission as part of a series of lawsuits against big tech companies.
After five years, Meta has emerged victorious from a U.S. Federal Trade Commission (FTC) lawsuit over its acquisitions of Instagram and WhatsApp.
Meta's chief revenue officer John Hegeman said on Tuesday he will leave the Facebook parent to launch his own startup, marking a key leadership change amid the social media company's pursuit of superintelligence.
The ruling denies the agency's attempt to force the company to unwind its Instagram and WhatsApp acquisitions.