Profile
Sector:
Communication ServicesIndustry:
Internet Content & InformationCountry:
United StatesIPO:
18 May 2012Website:
http://investor.fb.comNext earnings report:
25 October 2024Last dividends:
16 September 2024Next dividends:
N/APrice
after hours | Fri, 27 Sep 2024 23:59:59 GMTAnalysts recommendations
Institutional Ownership
META Latest News
Key elements from Meta Connect 2024 included a cheap VR headset, advancements in AI translation, a shift toward a luxury tech company, and Orion AR glasses. The company is building a distinct moat in AR and VR and is positioning itself to be the leader in AI models. Meta is paying now to be rewarded later. Management has to be careful not to create further issues with social disruption with VR initiatives. I am more bullish on its AR offerings for their facilitation of organic interaction.
Meta is doing better than its "Magnificent Seven" competitors. By the end of the year, Meta AI is expected to become the most popular AI assistant.
Ireland's data protection authority imposed a fine on Meta Platforms because the owner of Facebook and Instagram kept some users' passwords in its internal systems without adequate security measures.
Meta Platforms Inc. (META) is a major company in social media, advertising, and artificial intelligence.
A.I. is definitely going to be a part of our future, and Sean Gorman, the CEO of Zephr.xyz, appreciates Meta Platforms (META) for their work on the Orion Glasses. However, he believes that the company still has a lot of progress to make in making augmented reality technology affordable for everyday users.
The market for wearable technology is growing, and Meta (META) has just introduced new AR glasses called "Orion." RBC Capital Markets equity analyst Brad Erickson discusses how this type of investment might affect major tech firms.
On Friday, Meta was fined over $100 million by the European Union's privacy regulator due to a security issue related to Facebook users' passwords. This penalty was a result of a failure to protect user information properly.
Adjust your schedules: Meta has received another privacy fine in Europe. On Friday, Ireland's Data Protection Commission (DPC) revealed a warning and a €91 million penalty—approximately $101.5 million—following a lengthy investigation into a security breach from 2019 involving Facebook's parent company.
Kevin Simpson, the founder and Chief Investment Officer of Capital Wealth Planning, appears on CNBC's "Halftime Report" to discuss his reasons for investing in Meta.
Analysts from JPMorgan and Jefferies have stated that Meta's (META) goals in AI and the metaverse position it as a leading choice. This comes after the company's keynote at the Connect event on Wednesday, where they introduced various new products and AI capabilities.
What type of business is Meta Platforms?
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. The company was incorporated in 2004 and is headquartered in Menlo Park, California
What sector is Meta Platforms in?
Meta Platforms is in the Communication Services sector
What industry is Meta Platforms in?
Meta Platforms is in the Internet Content & Information industry
What country is Meta Platforms from?
Meta Platforms is headquartered in United States
When did Meta Platforms go public?
Meta Platforms initial public offering (IPO) was on 18 May 2012
What is Meta Platforms website?
https://investor.fb.com
Is Meta Platforms in the S&P 500?
Yes, Meta Platforms is included in the S&P 500 index
Is Meta Platforms in the NASDAQ 100?
Yes, Meta Platforms is included in the NASDAQ 100 index
Is Meta Platforms in the Dow Jones?
No, Meta Platforms is not included in the Dow Jones index
When was Meta Platforms the previous earnings report?
No data
When does Meta Platforms earnings report?
The next expected earnings date for Meta Platforms is 25 October 2024