Meta Platforms, Inc. develops products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality headsets, wearables, and in-home devices worldwide. It operates in two segments, Family of Apps and Reality Labs. The Family of Apps segment's products include Facebook, which enables people to share, 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, groups, and businesses across platforms and devices through chat, audio and video calls, and rooms; 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 virtual reality 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.
IPO Year: 2012
Exchange: NASDAQ
Website: https://investor.fb.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 10/31/2024 | $620.00 → $660.00 | Buy | Monness Crespi & Hardt |
| 10/31/2024 | $780.00 → $800.00 | Buy | Pivotal Research Group |
| 10/11/2024 | Sector Perform | Scotiabank | |
| 10/9/2024 | $660.00 → $670.00 | Overweight | Cantor Fitzgerald |
| 10/1/2024 | $780.00 | Buy | Pivotal Research Group |
| 9/30/2024 | $570.00 → $620.00 | Buy | Monness Crespi & Hardt |
| 9/10/2024 | $600.00 | Buy | DA Davidson |
| 9/5/2024 | $660.00 | Overweight | Cantor Fitzgerald |
| 8/1/2024 | $550.00 → $563.00 | Buy | BofA Securities |
| 7/19/2024 | $500.00 → $525.00 | Outperform | Oppenheimer |
MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) today reported financial results for the quarter ended September 30, 2024. "We had a good quarter driven by AI progress across our apps and business," said Mark Zuckerberg, Meta founder and CEO. "We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses." Third Quarter 2024 Financial Highlights Three Months Ended September 30, % Change In millions, except percentages and per share amounts 2024 2023 Revenue $
Cornerstone OnDemand Inc., a leader in workforce agility solutions, today announced a strategic partnership with Meta (NASDAQ:META) to expand the capabilities of immersive learning and extended reality (XR), powered by artificial intelligence (AI). Ahead of Meta Innovation Day, the partnership will accelerate the democratization of immersive learning for the enterprise, with a focus on the integration of Meta's AI advancements and further adoption of Meta's core XR technologies and devices. Cornerstone's 25 years of leadership in learning and talent development combined with Meta's investments in bringing XR to life and their innovative approach to AI will create more opportunities for org
MENLO PARK, Calif., Oct. 1, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) announced today that the company's third quarter 2024 financial results will be released after market close on Wednesday, October 30, 2024. Meta will host a conference call to discuss its results at 2:00 p.m. PT / 5:00 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the same webs
MENLO PARK, Calif., Sept. 5, 2024 /PRNewswire/ -- The Meta Platforms, Inc. (META) board of directors today declared a quarterly cash dividend of $0.50 per share of the company's outstanding Class A common stock and Class B common stock, payable on September 26, 2024 to stockholders of record as of the close of business on September 16, 2024. ContactsInvestors:Kenneth [email protected] / investor.fb.com Press:Ryan [email protected] / about.fb.com/news/ View original content to download multimedia:https://www.prnewswire.com/news-releases/meta-announces-quarterly-c
MENLO PARK, Calif., July 31, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) today reported financial results for the quarter ended June 30, 2024. "We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," said Mark Zuckerberg, Meta founder and CEO. "We've released the first frontier-level open source AI model, we continue to see good traction with our Ray-Ban Meta AI glasses, and we're driving good growth across our apps." Second Quarter 2024 Financial Highlights Three Months Ended June 30, % Change In mi
USA News Group Commentary Issued on behalf of Scope AI Corp. VANCOUVER, BC, July 29, 2024 /PRNewswire/ -- USA News Group – In the world of marketing, the genie can't be put back into the bottle with regard to the introduction of artificial intelligence (AI). Now brands and their marketing teams are grappling with the change, and the impact AI has on how they do business, both the good and the bad. According to Markets and Markets the AI in Marketing Market is set to explode towards $40B through 2025, growing at a CAGR of nearly 30%. Working behind the scenes to deliver the tools for these brands to keep up are some of the most advanced developers, including Scope AI Corp. (CSE:SCPE) (OTCQB:S
MENLO PARK, Calif., July 1, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) announced today that the company's second quarter 2024 financial results will be released after market close on Wednesday, July 31, 2024. Meta will host a conference call to discuss its results at 2:00 p.m. PT / 5:00 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the same w
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 28, 2024 /PRNewswire/ -- With the advent of the artificial intelligence (AI) revolution, so too comes a major shift across multiple industries. In creative industries, AI is leading to new tools, but also job cuts. Billionaire Steve Cohen and his Point72 Ventures recently laid off its fintech team, in a pivot towards AI. Several investment firms are making this shift as well, including Capital Group, UBS, and SoftBank. Even Goldman Sachs has deployed its first Generative AI tool across the firm for code generation to its thousands of developers by the end of the month. However, another new wrinkle has arrived on
USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
MENLO PARK, Calif., May 30, 2024 /PRNewswire/ -- The Meta Platforms, Inc. (NASDAQ:META) board of directors today declared a quarterly cash dividend of $0.50 per share of the company's outstanding Class A common stock and Class B common stock, payable on June 26, 2024 to stockholders of record as of the close of business on June 14, 2024. About MetaMeta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions arou
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USA News Group CommentaryIssued on behalf of Scope AI Corp. VANCOUVER, BC, June 21, 2024 /PRNewswire/ -- USA News Group – How we embrace this surging adoption of artificial intelligence (AI) in the economy of the future remains up for debate. Already, we're seeing the impact of AI adoption in the workplace, in culture, and in finance, but it won't end there. According to Goldman Sachs, AI is showing "very positive" signs of eventually boosting GDP and productivity, while some experts are remarking that the generative AI tech wave is sweeping in much faster (maybe 10x) than early internet. Behind the scenes, tech developers are building AI-powered tools that could potentially revolutionize pr
MENLO PARK, Calif., Feb. 14, 2024 /PRNewswire/ -- Meta today announced that Hock E. Tan and John Arnold have been elected to the company's board of directors, effective immediately. Mark Zuckerberg, Founder and CEO of Meta, said, "I'm excited to share that Hock Tan and John Arnold are joining Meta's board of directors. As we focus on building AGI, having directors with deep expertise in silicon and energy infrastructure will help us execute our long term vision." "I am pleased to join the Meta Board and contribute to achieving the company's vision," said Tan. "Meta has an in
Announces Special Dividend and $50 Million Stock Repurchase Program Focus on driving multi-year step function increase in valuation Immersion Corporation (NASDAQ:IMMR), a leading developer and provider of technologies for haptics, today reported management changes, a special cash dividend and a new stock repurchase program. Effective immediately, Executive Chairman Eric Singer has been appointed President and CEO and will continue to serve as Chairman of the Board. The Board of Directors believes Eric Singer's significant experience in operations, transactions and capital allocation as well as his deep technology experience will help to drive long-term shareholder value creation. Francis
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Monness Crespi & Hardt reiterated coverage of Meta Platforms with a rating of Buy and set a new price target of $660.00 from $620.00 previously
Pivotal Research Group reiterated coverage of Meta Platforms with a rating of Buy and set a new price target of $800.00 from $780.00 previously
Scotiabank initiated coverage of Meta Platforms with a rating of Sector Perform
Cantor Fitzgerald reiterated coverage of Meta Platforms with a rating of Overweight and set a new price target of $670.00 from $660.00 previously
Pivotal Research Group initiated coverage of Meta Platforms with a rating of Buy and set a new price target of $780.00
Monness Crespi & Hardt reiterated coverage of Meta Platforms with a rating of Buy and set a new price target of $620.00 from $570.00 previously
DA Davidson initiated coverage of Meta Platforms with a rating of Buy and set a new price target of $600.00
Cantor Fitzgerald initiated coverage of Meta Platforms with a rating of Overweight and set a new price target of $660.00
BofA Securities reiterated coverage of Meta Platforms with a rating of Buy and set a new price target of $563.00 from $550.00 previously
Oppenheimer reiterated coverage of Meta Platforms with a rating of Outperform and set a new price target of $525.00 from $500.00 previously
MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) today reported financial results for the quarter ended September 30, 2024. "We had a good quarter driven by AI progress across our apps and business," said Mark Zuckerberg, Meta founder and CEO. "We also have strong momentum with Meta AI, Llama adoption, and AI-powered glasses." Third Quarter 2024 Financial Highlights Three Months Ended September 30, % Change In millions, except percentages and per share amounts 2024 2023 Revenue $
MENLO PARK, Calif., Oct. 1, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) announced today that the company's third quarter 2024 financial results will be released after market close on Wednesday, October 30, 2024. Meta will host a conference call to discuss its results at 2:00 p.m. PT / 5:00 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the same webs
MENLO PARK, Calif., Sept. 5, 2024 /PRNewswire/ -- The Meta Platforms, Inc. (META) board of directors today declared a quarterly cash dividend of $0.50 per share of the company's outstanding Class A common stock and Class B common stock, payable on September 26, 2024 to stockholders of record as of the close of business on September 16, 2024. ContactsInvestors:Kenneth [email protected] / investor.fb.com Press:Ryan [email protected] / about.fb.com/news/ View original content to download multimedia:https://www.prnewswire.com/news-releases/meta-announces-quarterly-c
MENLO PARK, Calif., July 31, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) today reported financial results for the quarter ended June 30, 2024. "We had a strong quarter, and Meta AI is on track to be the most used AI assistant in the world by the end of the year," said Mark Zuckerberg, Meta founder and CEO. "We've released the first frontier-level open source AI model, we continue to see good traction with our Ray-Ban Meta AI glasses, and we're driving good growth across our apps." Second Quarter 2024 Financial Highlights Three Months Ended June 30, % Change In mi
MENLO PARK, Calif., July 1, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) announced today that the company's second quarter 2024 financial results will be released after market close on Wednesday, July 31, 2024. Meta will host a conference call to discuss its results at 2:00 p.m. PT / 5:00 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the same w
MENLO PARK, Calif., May 30, 2024 /PRNewswire/ -- The Meta Platforms, Inc. (NASDAQ:META) board of directors today declared a quarterly cash dividend of $0.50 per share of the company's outstanding Class A common stock and Class B common stock, payable on June 26, 2024 to stockholders of record as of the close of business on June 14, 2024. About MetaMeta builds technologies that help people connect, find communities, and grow businesses. When Facebook launched in 2004, it changed the way people connect. Apps like Messenger, Instagram, and WhatsApp further empowered billions arou
MENLO PARK, Calif., April 24, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) today reported financial results for the quarter ended March 31, 2024. "It's been a good start to the year," said Mark Zuckerberg, Meta founder and CEO. "The new version of Meta AI with Llama 3 is another step towards building the world's leading AI. We're seeing healthy growth across our apps and we continue making steady progress building the metaverse as well." First Quarter 2024 Financial Highlights Three Months Ended March 31, % Change In millions, except percentages and per share amou
MENLO PARK, Calif., April 1, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) announced today that the company's first quarter 2024 financial results will be released after market close on Wednesday, April 24, 2024. Meta will host a conference call to discuss its results at 2 p.m. PT / 5 p.m. ET the same day. The live webcast of the call can be accessed at the Meta Investor Relations website at investor.fb.com, along with the company's earnings press release, financial tables, and slide presentation. Following the call, a replay will be available at the same website
MENLO PARK, Calif., Feb. 1, 2024 /PRNewswire/ -- Meta Platforms, Inc. (NASDAQ:META) today reported financial results for the quarter and full year ended December 31, 2023. "We had a good quarter as our community and business continue to grow," said Mark Zuckerberg, Meta founder and CEO. "We've made a lot of progress on our vision for advancing AI and the metaverse." Fourth Quarter and Full Year 2023 Financial Highlights Three Months Ended December 31, % Change Twelve Months Ended December 31, % Change In millions, except percentages and per share amounts 2023 2022 202
JEFFERSONVILLE, Ind., Jan. 25, 2024 (GLOBE NEWSWIRE) -- Governor Eric J. Holcomb, board chairman for the Indiana Economic Development Corporation, joined executives of Meta Platforms Inc. (NASDAQ:META) today as the company announced plans to establish a new $800 million data center campus in Indiana. The new facility in Jeffersonville will support approximately 100 operational jobs and hundreds of construction jobs in the coming years. "Today is a great day for Indiana and for our southeast region as we welcome another major investment to the River Ridge Commerce Center," Gov. Holcomb said. "Indiana's efforts to cultivate industries of the future are already paying dividends for Hoosier
To gain an edge, this is what you need to know today. GDP Brings Buying Please click here for an enlarged chart of Invesco QQQ Trust Series 1 (NASDAQ:QQQ). Note the following: The chart shows a drop in QQQ. The drop in QQQ was triggered by speculative sentiment pulling back. As a reader of The Arora Report, you knew in advance that speculative sentiment could fall as a result of Tesla Inc (NASDAQ:TSLA) earnings. The chart shows that QQQ is approaching the support zone. RSI on the chart shows that QQQ is now oversold. Oversold markets tend to bounce. The chart shows that the volume was low on the selloff. This indicates a lack of conviction in selling. Especially hard hit in
"Hedging Is Gaining Traction" That's what Goldman Sachs's flow of funds guru Scott Rubner said in his note earlier today ("I Am Not Buying This Dip"). He also pointed out that four of the Magnificent Seven mega caps are reporting earnings next week: Microsoft Corporation (NASDAQ:MSFT), Meta Platforms, Inc. (NASDAQ:META), Apple, Inc. (NASDAQ:AAPL), and Amazon.com, Inc. (NASDAQ:AMZN), and that if their results and guidance are not "great", those stocks will likely get punished in this market environment. In the video below, I show inexpensive ways of hedging Microsoft and Meta ahead of their earnings next week. I mention a couple of times there that there's a link to download the newly
Good Morning Traders! In today's Market Clubhouse Morning Memo, we will discuss SPY, QQQ, AAPL, MSFT, NVDA, GOOGL, META, and TSLA. Our proprietary formula, exclusive to Market Clubhouse, dictates these price levels. This dynamic equation takes into account price, volume, and options flow. These levels are updated every day and shared with all Clubhouse Members, prior to the opening of the market. We recommend closely monitoring these stocks, and be prepared to leverage potential breakouts or reversals. As always, stay alert and ready to adjust your tactics based on the market's pulse to optimize your trading gains. Now, let's dive into the stock analysis: SPDR S&P 500 ETF Trust The SPY (
The internal Oversight Board at Meta Platforms Inc. (NASDAQ:META) has demanded clearer regulations against AI-generated pornographic content on the company’s platforms. What Happened: The Oversight Board, an independent entity funded by Meta, found the current rules inadequate in preventing the spread of AI-generated sexually explicit depictions of real individuals, Reuters reported on Thursday. This decision comes after the Board reviewed and identified two pornographic deepfakes of prominent women, both of which were posted on Meta’s Facebook and Instagram platforms. The Board stated that Meta’s rules against “derogatory sexualized photoshop” were violated and the company failed to p
Meta Platforms Inc (NASDAQ:META) is making waves again, this time with its latest AI advancements. JPMorgan analyst Doug Anmuth highlights Meta’s release of Llama 3.1 and its expanding AI initiatives as a clear indicator of the company’s soaring ambitions in the artificial intelligence landscape. As Meta gears up for its earnings next week, all eyes are on its capex plans and AI trajectory. Llama 3.1: Meta’s Game-Changing Open Source Model Meta’s bold move to launch Llama 3.1, “the largest open-source model,” marks a significant milestone. The model promises to be a game-changer, with Meta anticipating it will be an “inflection point in the industry toward open source models
Mark Zuckerberg, the CEO of Meta Platforms Inc. (NASDAQ:META), has dismissed rumors that his distinctive tan is a subtle hint about a new product from the company. What Happened: In an interview posted on Wednesday with Rowan Cheung, Zuckerberg appeared to have an unusual tan, which sparked speculation among tech enthusiasts. Some suggested that the tan lines could be related to “Orion,” an internal name for a new augmented-reality device that Meta has been developing. See Also: Can Tesla Q2 Earnings Spark A Golden Cross? Here’s What The Charts Indicate Matthew Ball, an analyst and investor, proposed that Zuckerberg’s tan lines could be from using Orion, reported Business I
Privacy executives at Apple Inc. (NASDAQ:AAPL) have reiterated the tech giant’s commitment to user privacy, terming it as a “fundamental human right.” What Happened: In an interview with YouTuber Andru Edwards that was posted on his channel on Wednesday, two Apple executives Katie Skinner and Sandy Parakilas discussed the company’s strategies for preserving user privacy. The conversation spanned a variety of topics, including Apple’s balancing act between privacy and the development of advanced features, and the role of Apple Intelligence in this regard. While the interview did not reveal any new information, it provided a comprehensive overview of Apple’s privacy protection measur
The recent tech stock selloff has raised concerns about Wall Street’s vulnerability to a potential downturn in the Big Tech trade, prompting investors to reconsider their portfolio composition. What Happened: The market experienced a selloff triggered by disappointing quarterly reports from Tesla Inc. (NASDAQ:TSLA) and Google-parent Alphabet Inc. (NASDAQ:GOOGL), causing the tech-heavy Nasdaq Composite to drop 3.6% in its worst day since October 2022. Senior portfolio manager at GLOBALT, Thomas Martin, indicated that Tesla’s results served as a wake-up call for investors who realized their portfolios were heavily weighted towards information technology and growthier type companies, Reut
Meta Platforms, Inc. (NASDAQ:META) has taken down approximately 63,000 accounts in Nigeria involved in financial sexual extortion, or sextortion, scams targeting adult men in the United States. Financial sextortion, a crime without borders, has been fueled in recent years by the rise in activities of loosely organized cybercriminals known as ‘Yahoo Boys’, predominantly operating from Nigeria, specializing in various scam techniques, Meta said in a statement. “We’ve banned Yahoo Boys under Meta’s Dangerous Organizations and Individuals policy — one of our strictest policies — which means we remove Yahoo Boys’ accounts engaged in this criminal activity whenever we become aware of them,”