Meta's acquisitions of Instagram and WhatsApp did not illegally stifle competition in social networking, a judge found, a major win for the tech giant.
Meta wins antitrust lawsuit as judge rules FTC failed to prove monopoly claims. FTC alleged Meta's Instagram and WhatsApp acquisitions harmed social networking competition.
A federal judge ruled in favor of Meta Platforms on Tuesday, saying the company does not hold an illegal social media monopoly given the rise in popularity of TikTok, handing Big Tech its first decisive win against the antitrust crackdown started in President Donald Trump's first term.
A few accounting items in Meta Platforms, Inc.'s Q3 earnings report can cause underestimation of its true economic profits, growth potential, and also valuation appeal. The large GAAP/non-GAAP EPS divergence for META is due to a non-cash, non-recurring $15.93B tax charge unrelated to META's core operating performance. META's aggressive CAPEX is primarily growth-oriented. Maintenance CAPEX is mu...
Anyone who thought the surge in artificial intelligence spending might ease should look away now. UBS notes that America's big four cloud providers have unveiled yet another round of eye-watering investment plans.
Meta Platforms' post-earnings selloff reflects investor concern that its accelerating AI capex cycle could mirror the metaverse bust of 2021-2022. This was exacerbated by the lack of a corresponding uplift in near-term growth guidance, while management acknowledges continued margin compression to support ongoing AI infrastructure deployments and additional technical hires. The following analysi...
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