Meta Platforms (Facebook) Stock News

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 has secured a major legal victory after a US federal judge dismissed the Federal Trade Commission's high-profile antitrust case, ending a years-long effort by regulators to unwind the company's acquisitions of Instagram and WhatsApp.

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.

Meta Platforms has been spending too aggressively on artificial intelligence (AI) infrastructure and that will affect the tech giant's profitability, according to a new investor note from Wall Street analyst firm MoffettNathanson.