Meta Platforms (Facebook) Stock News

Mark Zuckerberg and current and former leaders of Meta Platforms agreed to pay the company $190 million to resolve shareholder allegations that they damaged Meta by violating Facebook users' privacy, according to a settlement unveiled on Thursday.

Meta Platforms' AI-equipped ad tools are now moving the needle in a significant way for the company. The social media giant's focus on investing more in AI products is likely to reap rich rewards in the long run.

The latest quarter showed a 19% QoQ increase in Big Tech spending, confirming continued conviction in the build-out of AI infrastructure. Capital spending for the AI buildout has risen 44.6% from initial estimates, a substantial jump considering the scale already measured in hundreds of billions. Since the beginning of the year, Big Tech Capex estimates have increased from $280 billion to $405 ...

Meta Platforms Inc (NASDAQ:META, XETRA:FB2A, SIX:FB) is losing its chief AI scientist, Yann LeCun, after more than a decade at the company. LeCun, a pioneer in AI and a recipient of the Turing Award, announced he will leave Meta to start his own company focused on developing AI systems capable of understanding the physical world, reasoning, and planning complex actions.

Meta Platforms fundamentals have strengthened, with impressive user growth and improved ad metrics driven by successful AI integration. Despite a post-earnings selloff due to rising CAPEX, META's core business momentum remains robust and FCFs are still decent. Valuation has become more attractive, with the forward P/E ratio contracting, presenting a compelling risk/reward opportunity for invest...

In the past month, Alphabet's stock soared by 17%. You might feel inclined to purchase more shares, or you might consider lessening your investment.

With a wide variation in valuation multiples and growth prospects, the Magnificent 7 group of mega-cap tech stocks is one of the most intriguing parts of the equity market to look at.

This year, one of the better performers among the Magnificent 7 had been Meta Platforms Inc.