Meta Platforms, Inc. (META)
| Market Cap | 1.15T |
| Revenue (ttm) | 142.71B |
| Net Income (ttm) | 45.76B |
| Shares Out | 2.54B |
| EPS (ttm) | 17.39 |
| PE Ratio | 25.99 |
| Forward PE | 21.47 |
| Dividend | $0.50 (0.11%) |
| Ex-Dividend Date | Feb 21, 2024 |
| Volume | 16,276,597 |
| Open | 445.93 |
| Previous Close | 441.68 |
| Day's Range | 441.68 - 454.17 |
| 52-Week Range | 229.85 - 531.49 |
| Beta | 1.18 |
| Analysts | Strong Buy |
| Price Target | 495.18 (+9.56%) |
| Earnings Date | Apr 24, 2024 |
About META
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 mess... [Read more]
Financial Performance
In 2023, Meta Platforms's revenue was $134.90 billion, an increase of 15.69% compared to the previous year's $116.61 billion. Earnings were $39.10 billion, an increase of 68.53%.
Financial StatementsAnalyst Forecast
According to 42 analysts, the average rating for META stock is "Strong Buy." The 12-month stock price forecast is $495.18, which is an increase of 9.56% from the latest price.
News
U.S.-based Facebook executive convicted in absentia by Russian court on terror-linked charge
A court in Russia last month convicted a spokesperson for U.S. technology company Meta Platforms Inc. META, +2.33%, which owns Facebook and Instagram, of justifying terrorism and sentenced him to six ...
Tech platforms make pitch for ad deals as TikTok is roiled by politics
Short-form video took center stage at tech and social media companies' annual presentations to advertisers, as platforms like Snap and Meta look to capitalize on TikTok's political uncertainty in the ...
Meta's Surprising Stock Dive After Beating Earnings Expectations Could Signal A Hidden Opportunity For Investors As It Eyes A Historic High - Meta Platforms (NASDAQ:META)
On April 25th, Meta Platforms Inc's META stock fluctuation caught investors off guard, plunging 14% at the open despite surpassing Q1 earnings expectations with $4.71 per share, over the predicted $4....
Most Magnificent Seven stocks have now reported earnings. What can Apple, Amazon, Meta, Google, Microsoft and Tesla tell us about future market growth?
Last night, the world's biggest company by market reported its latest financial results. Investors were on the edge of their seats as Apple Inc announced earnings – but so were the world markets.
US Antitrust Cases Against Big Tech, Explained
As the Justice Department's case against Google nears an end, the federal government has more suits in the pipeline trying to rein in Big Tech.
Tesla, Meta, Freshworks | Top Calls
Today's top calls include Tesla, Meta and Freshworks. -------- More on Bloomberg Television and Markets Like this video?
After Meta's ‘year of efficiency,' industry leaders root for year of innovation
To keep technological innovation on a strong path, companies must implement workforce efficiency mindfully.
Meta's Canadian news ban could put people at risk during public emergencies
The B.C. government recently announced plans to work with American tech company Meta this wildfire season to deliver important public safety information. Premier David Eby called it a "major step," an...
Meta and Google Are Betting on AI Voice Assistants. Will They Take Off?
Meta, Google and others are driving a renaissance for voice assistants, but people have found the technology uncool for more than a decade.
Judge dismisses Meta shareholder lawsuit over directors' wider obligations
DOVER, Del. — A Delaware judge on Tuesday dismissed a shareholder lawsuit asserting novel claims about the roles of corporate leaders and arguing that the loyalties of Meta directors and company found...
Meta Faces EU Probe Over Disinformation Ahead of Elections
The European Union is investigating whether Meta Platforms shirked responsibility in tackling disinformation and misleading advertising in breach of its sweeping digital-competition law ahead of EU el...
Meta Could Face EU Fines Over Alleged Election Disinformation On Facebook And Instagram
The European Union will investigate Meta's handling of disinformation and deceptive advertising on Instagram and Facebook, the bloc announced Tuesday, a probe that could focus on a Russian-backed infl...
Meta hit with major EU probe into disinformation handling ahead of European elections
The European Commission is investigating Meta over concerns the company hasn't done enough to tackle disinformation ahead of upcoming elections.
EU is pressuring Meta due to fears of Russian interference in elections
Action against Facebook owner comes amid deep concerns about how it is dealing with fake news
EU probes Facebook, Instagram over election disinformation worries
The EU on Tuesday launched an investigation into Meta's Facebook and Instagram over concerns the platforms are failing to counter disinformation ahead of EU elections in June.
Meta Faces EU Investigation Over Election Disinformation
The inquiry is intended to pressure the tech giant to more aggressively police Facebook and Instagram ahead of the European Union's closely watched elections in June.
Facebook, Instagram face EU probe for disinformation ahead of European Parliament elections
The European Commission has initiated an investigation into Meta Platforms, the parent company of Facebook and Instagram, for potentially violating the European Union's online content regulations. Thi...
Meta defends its risk mitigating process amid EU probe
Meta on Tuesday defended its risk mitigating process after the European Commission launched an investigation into its Facebook and Instagram for failing to tackle deceptive advertising and disinformat...
Facebook, Instagram in EU crosshairs for suspected tech rule breaches
Meta Platforms' Facebook and Instagram have failed to tackle deceptive advertising and disinformation ahead of key European Parliament elections, the European Commission said on Tuesday as it opened a...
AI Stock plays: Why this analyst likes Microsoft over Meta
Big tech companies are all about AI this earnings season. Meta Platforms (META) and Microsoft (MSFT) have spent a lot of money on ramping up their AI offerings, but only one has a stock you may want t...
Mag 7 Making Magnificent Moves?
Tesla (TSLA) is rallying after clearings hurdles for full self-driving in China. David G. Dietze discusses this, as well as how Meta's (META) oversight board is planning to trim its workforce.
Meta faces new EU investigation ahead of European elections in June
Meta could face a huge fine amid an ongoing EU investigation of concerns it hasn't done enough to combat disinformation ahead of upcoming European elections. Transcript: Caroline Woods: I'm Caroline W...
Meta confirms launch of a bonus program for creators on Threads
Meta's Threads social network passed the 150 million monthly users mark recently, but the company is not slowing down its growth engine. To increase engagement, the social media giant is running a lim...