Meta Platforms, Inc. News
Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, and wearables worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment offers Facebook, which enables people to share, discuss, discover, and connect with interests; Instagram, a community for sharing photos, videos, and private messages, as well as feed, stories, reels, video, live, and shops; Messenger, a messaging application for people to connect with friends, family, communities, and businesses across platforms and devices through text, audio, and video calls; and WhatsApp, a messaging application that is used by people and businesses to communicate and transact privately. The Reality Labs segment provides augmented and virtual reality related products comprising consumer hardware, software, and content that help people feel connected, anytime, and anywhere. The company was formerly known as Facebook, Inc. and changed its name to Meta Platforms, Inc. in October 2021. Meta Platforms, Inc. was incorporated in 2004 and is headquartered in Menlo Park, California.
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Meta Rallies After Court Win, Eyes Google TPUs
- Last week's concrete developments around Meta — a favorable antitrust ruling, talks to buy Google TPUs, an analyst upgrade, and heavy AI-related spending funded by a $25B bond plan — have driven sharp, event-driven moves in META stock and reshaped near-term investor priorities.
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Meta Antitrust Win, META Stock Slides on AI Costs!
A recent U.S. court ruling cleared Meta of antitrust claims, but the stock continued to fall as investors focus on heavy AI-related spending, elevated capex guidance and a near-term hit to profitability despite strong user and ad metrics.