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Meta Platforms (META) News

Price: $576.93
Market Cap: $1.46T
Avg Volume: 13.21M

Country: US
Industry: Internet Content & Information
Sector: Communication Services

Beta: 1.22
52W Range: $279.4-602.95
Website: Meta Platforms

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Mark Zuckerberg's ‘Year of Efficiency' is turning into a multiyear effort as Meta gets hit with another round of layoffs

Meta Platforms laid off employees from multiple teams, including Instagram, WhatsApp, and Reality Labs, in a fresh wave of job cuts at the Facebook parent company on Wednesday.

fastcompany.com

Meta Sets New Safety Measures To Combat "Sextortion"

Social Media giant Meta is rolling out a new campaign to fight "Sextortion". Antigone Davis, Meta Global Head of Safety discusses new features being implemented to aid parents and protect kids.

youtube.com

3 Reasons Growth Investors Will Love Meta Platforms (META)

Meta Platforms (META) could produce exceptional returns because of its solid growth attributes.

zacks.com

Meta fires staffers who misused $25 meal credits to buy wine glasses, acne pads: report

Meta has reportedly fired Los Angeles staffers for abusing a $25 meal credit perk to stock up on household supplies like wine glasses, acne pads and laundry detergent.

nypost.com

Brokers Suggest Investing in Meta Platforms (META): Read This Before Placing a Bet

The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price.

zacks.com

Ofcom warns social media platforms: ‘The time for talk is over'

Ofcom has issued a warning to social media companies that enforcement of online safety regulations will be significantly strengthened by 2025. The communications regulator noted that it expects companies to increase their efforts in dealing with illegal and harmful content to ensure better protections for children and vulnerable users online.

proactiveinvestors.co.uk

Meta To Rally Around 13%? Here Are 10 Top Analyst Forecasts For Thursday

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page.

benzinga.com

Meta launches new Instagram campaign to tackle teen sextortion scams

Antigone Davis, Meta VP and global head of safety, joins 'Squawk Box' to discuss the company's new Instagram campaign and safety features to fight online sextortion scams, what the new safety features entail, and more.

youtube.com

Jobs cuts at Meta platforms: Here's what to know

CNBC's Andrew Ross Sorkin reports on the latest news.

youtube.com

Meta fires employees who abused its $25 Grubhub meal perk

Meta terminated some employees who abused a Grubhub perk, a source confirmed to BI. The Grubhub credits are for employees working late at Meta's smaller offices.

businessinsider.com

Meta Axes Staff For Abusing Food Perks Amid Wider Layoffs

Meta has reportedly fired around two dozen staffers for misusing their meal credits. The firing, as reported Wednesday (Oct. 16) by the Financial Times (FT), comes amid a wider series of layoffs at Meta.

pymnts.com

Meta fires staff for ‘using free meal vouchers to buy household goods'

Facebook and Instagram owner reportedly dismisses about 24 workers for abusing $25 meal credit system

theguardian.com

Meta reportedly targets Instagram and WhatsApp with latest lay-off round

Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is laying off employees across its units, including Instagram, WhatsApp, and Reality Labs, as part of its ongoing effort to streamline operations, according to an exclusive in the tech magazine The Verge. The exact number of job cuts is unclear, though the layoffs are reported to be small.

proactiveinvestors.co.uk

Meta lays off employees at WhatsApp and Instagram, the Verge reports

Meta is laying off employees across units including Instagram, WhatsApp and Reality Labs, the Verge reported on Wednesday, citing people familiar with the matter.

reuters.com

Meta reorganized some of its biggest businesses and eliminated some roles

Meta reorganized some of its major units, cutting roles at Instagram, Reality Labs, and WhatsApp. A Meta spokesperson said the company was also moving some teams to different locations.

businessinsider.com

Meta lays off employees across multiple teams

Multiple teams at Meta were hit by layoffs on Wednesday, the company confirmed in a statement to TechCrunch, noting these changes were made to reallocate resources within the company. The layoffs appear to have hit employees working on Threads, recruiting, legal operations, and design, among other teams, according to social media posts announcing the layoffs seen by TechCrunch.

techcrunch.com

DitchIt Takes on OfferUp and Facebook Marketplace

DitchIt revolutionizes online classifieds with its groundbreaking approach, attracting buyers and sellers seeking alternatives to OfferUp and Facebook Marketplace. DitchIt revolutionizes online classifieds with its groundbreaking approach, attracting buyers and sellers seeking alternatives to OfferUp and Facebook Marketplace.

globenewswire.com

Cathie Wood is Incredibly Bullish on These 2 AI Stocks

Famed innovation investor Cathie Wood is attempting to stage a comeback after a somewhat sluggish past few years.

247wallst.com

Can Dividends-Satisfy The Rising Demand For Yield?

Global dividends hit a record high in 2024, with $606.1 billion paid in Q2 alone, as tech giants like Meta and Alibaba entered the dividend-paying market. Equity yields remain low compared to bonds, with the FTSE All-World index yielding 1.86% in September 2024, while the FTSE World Government Bond index yield to maturity stood at 3.03%. Dividend-focused strategies can enhance income potential in equity portfolios by prioritising high-dividend-paying sectors and reducing risks of dividend cuts.

seekingalpha.com

Stock-Split Watch: 3 Unbeatable Tech Stocks That Look Ready to Split

Shares of Meta Platforms, Spotify, and Netflix are trading at hefty prices.

fool.com

Should You Buy Meta Stock Before Oct. 30?

The company is scheduled to report quarterly financial results that could have huge implications for stock market investors.

fool.com

Best AI Stocks To Buy Now? 2 For Your Watch List

Here are AI stocks to watch in the stock market this month.

stockmarket.com

Meta must face US state lawsuits over teen social media addiction

Facebook parent company Meta must face lawsuits by U.S. states accusing it of encouraging social media addiction among teens, a federal judge in California ruled on Tuesday.

reuters.com

2 Best Magnificent Seven Stocks to Buy in October

Which are the best buys among Alphabet (Google), Amazon, Meta Platforms (Facebook), Tesla, Apple, Nvidia, and Microsoft?

fool.com

Cathie Wood Says Artificial Intelligence (AI) Is "The Most Transformative Technology in History": 2 Stocks She's Betting Big On.

Cathie Wood is betting big on Tesla and Meta Platforms as the AI revolution kicks into gear.

fool.com

Apple Reportedly Developing Smart Glasses to Rival Meta's Ray-Bans

But a 2027 timeline could give Meta the advantage for years.

cnet.com

Meta Q3 Preview: Strong Results Expected Amid Its Overvaluation

I expect Meta to deliver $40.5 billion in revenue in Q3, with a Reality Labs loss upward of $4.5 billion. Based on data from WARC Media, I estimate Meta could overtake global linear advertising spending in 2025. My valuation analysis and growth forecasts indicate that the company's market cap will contract by 4.3% in 12 months in a base case. This counters my previous bull-case prediction.

seekingalpha.com

Zuckerberg Is Investing Billions On AI. Why It's A Make-Or-Break Moment For Meta

Meta isn't only competing with its social media rivals, but generative AI platforms for photo editing and other activities. Mark Zuckerberg is pouring some $40 billion into artificial intelligence initiatives, including software and hardware bets – can he stave off the competition before losing customers?

youtube.com

Meta's Facebook, Instagram down for thousands of users in US

There were more than 8,000 incidents of people reporting issues with Facebook and over 4,000 reports of issues with Instagram as of 1:44 p.m. Eastern time.

nypost.com

Meta's Facebook, Instagram down for thousands of users in US, Downdetector shows

Meta Platforms' Facebook and Instagram were down for thousands of users in the U.S. on Monday, according to outage tracking website Downdetector.com.

reuters.com

Meta Platforms: No Longer Just Facebook, But Still Priced Like Facebook

seekingalpha.com

META vs. PLTR: This is the Better AI Stock to Buy

It did not take too long for the top AI stocks to make new highs after the subtle wobbles experienced by the tech scene in recent months.

247wallst.com

Meta Platforms, Inc. (META) Is a Trending Stock: Facts to Know Before Betting on It

Zacks.com users have recently been watching Meta Platforms (META) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.

zacks.com

Prediction: Meta Will Make Billions for Nvidia

24/7 Wall St. Insights Nvidia Corp. (NASDAQ: NVDA) relies on major customer Meta Platforms Inc.

247wallst.com

Adobe starts roll-out of AI video tools, challenging OpenAI and Meta

Adobe on Monday said it has started publicly distributing an AI model that can generate video from text prompts, joining the growing field of companies trying to upend film and television production using generative artificial intelligence.

reuters.com

Want to Make Money From AI? These Top Tech Stocks Pay You to Own Them.

These leading AI players all pay dividends to their shareholders.

fool.com

$MSTR2100 Cult: Pioneering the Future of Crypto-Stock Meta Leadership

New York, NY, Oct. 14, 2024 (GLOBE NEWSWIRE) -- $MSTR continues to make waves as a leader in the emerging world of crypto-stock, with exciting updates and strategic advancements that reinforce its position as a transformative force.

globenewswire.com

My 4 Best Stocks to Buy Right Now

There are plenty of great companies to buy before the calendar flips to 2025.

fool.com

Meta Platforms: Revenue Upside In The Social Media Empire Looks Exhausted

Meta Platforms is expected to meet or exceed Q3 earnings estimates due to strong advertising trends and CPM growth, but Q4 guidance may be weaker. Building on strong monetization, negative DAU growth for Facebook and Instagram suggests potential over-monetization, which could impact long-term user experience and revenue growth. I think Meta's growth outlook is increasingly challenged, with the two main revenue drivers showing stretched levels: slowing DAU growth and stretched DAU monetization.

seekingalpha.com

FBY: High Distributions, But Still Underperforming META Stock

YieldMax META Option Income Strategy ETF (FBY) uses synthetic covered call writing to generate income from META stock, currently yielding 33% annually. FBY's strategy caps upside potential but offers monthly income, making it less suitable for high-growth scenarios and lacking downside protection. The fund has performed well in 2024, delivering a 41% total return, but underperformed META's 69% gain due to its option strategy.

seekingalpha.com

Prediction: Meta Platforms Will Be Worth More Than Alphabet and Amazon by 2026

Meta stands out as a rare combination of growth and value.

fool.com

How Much Is Meta Stock Really Worth?

The company boasts billions of daily active users.

fool.com

Surprise! These 3 High-Growth Artificial Intelligence (AI) Players Are Looking More and More Like Value Stocks

These tech giants deliver billions of dollars in revenue on a quarterly basis.

fool.com

The Dark Side of Meta's Algorithms

Key articles from The Wall Street Journal's 2023 investigation into how Instagram and Facebook connected networks of pedophiles.

wsj.com

Follow The Smart Money

The Magnificent Seven stocks dominate the S&P 500 and Nasdaq 100, creating a risky over-concentration in these indices. Billionaires like Warren Buffett and Stanley Druckenmiller are selling significant shares and hoarding cash due to these imbalances. Despite market overvaluation, Mastercard remains in a stronghold due to its exceptional free cash flow and consistent performance.

seekingalpha.com

Meta: The Lord Of The Apps

Meta Platforms is a uniquely positioned, highly profitable company committed to building long-term value for shareholders, as evidenced by its firm dedication to innovation. META's 21% market share in digital advertising and 50% EBITDA margin highlight its wide moat and strength of the business model. The company's commitment to R&D and AI development ensures sustainable growth and enhanced ad performance, benefiting both users and advertisers.

seekingalpha.com

Meta removes fake accounts in Moldova ahead of presidential election

Meta Platforms Inc said on Friday it had removed a network of group accounts targeting Russian-speakers in Moldova, ahead of the country's Oct. 20 election, for violation of the company's policy on fake accounts.

reuters.com

Meta's Q3: A Make-Or-Break Moment

Meta Platforms is poised for a significant earnings beat in Q3, driven by robust ad performance and a cyclical recovery in digital advertising spending. Despite increased CapEx on AI, the Company remains highly profitable with strong free cash flow margins, making it a compelling buy. META's AR glasses, developed with Ray-Ban, show solid sales, potentially contributing to a positive earnings surprise.

seekingalpha.com

2 "Magnificent Seven" Stocks to Buy Hand Over Fist in October

Investors are eagerly awaiting a fresh round of earnings reports from the world's largest technology companies.

fool.com

Jim Cramer lists 10 stocks on the S&P 500 that notched the biggest gains in the past two years

Traders have bullishly invested in companies on the S&P 500, leading the index of 500 large U.S. companies to new heights over the past two years. Jim Cramer reflected on the lead performing stocks, with his favorite buys being Nvidia, Broadcom and Fair Isaac.

cnbc.com

Antitrust challenge to Facebook's ‘superprofiling' finally wraps in Germany — with Meta agreeing to data limits

A multi-year competition challenge to Facebook (aka Meta), which saw Germany's antitrust authority become a pioneering champion for privacy rights in 2019 after it sought to block the social media giant's ‘superprofiling' of users on the grounds that consentless cross-site tracking of users is an “exploitative abuse” of Facebook's monopoly position, finally concluded Thursday with Germany's federal competition regulator, Bundeskartellamt announcing the procedure's end.

techcrunch.com

Zuckerberg's metaverse is finally showing signs of life, but it's not from VR

The company formerly known as Facebook appears to have found its footing in virtual and augmented reality through smart glasses. Following the Orion smart glasses showcase, Meta is preparing to strengthen its relationship with software developers as it works toward building a consumer version of the device.

cnbc.com

Meta Platforms Stock Is a Mag 7 Outperformer. 3 Reasons It Could Reach New Highs.

Meta shares have risen more than fivefold since the lows of late 2022 and there's reason to think it can keep gaining.

barrons.com

German cartel office ends proceedings against Meta

German cartel authorities ended proceedings against Meta over how personal data is used after intensive discussions that led to the U.S. owner of Facebook and Instagram agreeing to take measures addressing the concerns, they said on Thursday.

reuters.com

Meta Expanding AI Chatbot to Brazil and UK

Meta is bringing its AI chatbot to Brazil, the U.K. and four other new countries. Aside from Bolivia, Guatemala, Paraguay and the Philippines, the social media giant plans to add the artificial intelligence (AI) tool to more countries more gradually, TechCrunch reported Wednesday (Oct. 7), citing an announcement from Meta CEO Mark Zuckerberg's WhatsApp.

pymnts.com

3 Momentum Trades for October With Ample Upside Ahead

Momentum trading involves buying rising stocks with the idea that they will continue rising. While reminiscent of the greater fools theory, momentum trading is more than buying high and selling high.

marketbeat.com

Analysts set Meta stock price target

Meta Platforms (NASDAQ: META) has received a slew of reiterated ‘Buy' ratings with increased stock price targets.

finbold.com

Meta AI launches in six countries including Brazil and UK

Meta is bringing its AI chatbot Meta AI to six countries today, including Brazil, the U.K., the Philippines, Bolivia, Guatemala, and Paraguay, Mark Zuckerberg said today in an announcement on his WhatsApp channel.

techcrunch.com

Meta's AI chatbot to be available in new markets including Brazil, UK

Meta Platforms said on Wednesday its artificial intelligence chatbot, Meta AI, will be available in 21 new markets, as it looks to compete with OpenAI's ChatGPT.

reuters.com

Here's Why Meta Platforms (META) is a Strong Growth Stock

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage.

zacks.com

37% of David Tepper's Fund Is Invested in These 4 Stocks

David Tepper is a legendary billionaire investor behind the hedge fund Appaloosa Management, a fund that has a solid track record of impressive gains in stocks and distressed debt.

247wallst.com

2 Unstoppable Growth Stocks to Buy if There's a Stock Market Sell-Off

These technology players are winning in the high-growth area of artificial intelligence.

fool.com

Can You Turn Off Google and Meta's AI Tools? Sometimes, and Here's How

Google, Microsoft and Meta are shoving A.I. chatbots into our faces.

nytimes.com

Stock-Split Watch: Is Meta Platforms Next?

Meta Platforms' impressive surge on the stock market could encourage management to split the stock.

fool.com

Wall Street's Newest Stock-Split Stock Has Arrived -- and Here's the Magnificent Stock Likely to Follow in Its Footsteps

A brand-name consumer electronics company is stepping into the spotlight, and a member of the "Magnificent Seven" appears ready to join the club.

fool.com

Meta (META) Enhances Video Advertising with New AI Tools on Facebook

Meta Platforms Inc. (META, Financial) is refining its strategy on Facebook by introducing a full-screen video tab to cater to increased video consumption on the platform. This initiative aims to provide an immersive viewing experience while offering new advertising opportunities.

gurufocus.com

Meta Adds AI Advertising Video Features

Meta says they're set to begin adding new AI video features for advertisers and markets beginning next year. Rachel Tipograph, CEO of MikMak, joins Caroline Hyde and Ed Ludlow to discuss how the new tool could potentially change the online advertising landscape.

youtube.com

Meta unveils AI tools for business

CNBC's Julia Boorstin joins 'Power Lunch' to discuss Meta unveiling AI tools for business.

youtube.com

This Trade Might Be Bearish On Meta Stock But Still Profits If Shares Rise

This bearish option trade wins if the stock moves down, sideways and even slightly up.

investors.com

META's "Quiet" Outperformance Amid a Shifting Mag 7

Dave Mazza points to Meta Platforms (META) as a stock that had a steady but strong climb over 2024, leading to a new all-time high. Part of that rise comes from the company's evolving focus on A.I.

youtube.com

Meta: Increasingly Unpredictable (Rating Downgrade)

Meta Platforms has experienced significant volatility but achieved new all-time highs above $600, prompting a downgrade from "buy" to "hold" due to increased downside risk. Despite strong financial performance, including EPS and revenue beats, and impressive net income growth, caution is advised given the stock's previously unpredictable price action. Meta's forward price-earnings multiple remains attractive compared to other MAG-7 stocks, but its price-sales valuation is less favorable, suggesting better investment opportunities elsewhere.

seekingalpha.com

The Zacks Analyst Blog Meta, Cisco, Philip Morris, Earth Science Tech and Frequency Electronics

Meta, Cisco, Philip Morris, Earth Science Tech and Frequency Electronics are included in this Analyst Blog.

zacks.com

Prediction: 3 of Wall Street's Most Influential Stocks Can Plunge if Kamala Harris Wins in November

A victory for the current vice president on Nov. 5 may be bad news for three market-leading businesses.

fool.com

Q3 Earnings Preview: AI's Big Test - Profits Or Promises?

The Q3 2024 earnings season will be filled with nuggets on AI's impact on corporate strategies and its potential to deliver real-world outcomes. Key themes include AI capex and ROI, with companies ramping up investments and investors scrutinizing returns. AI monetization strategies are under the spotlight, with firms needing to justify their spending through tangible results.

seekingalpha.com

Meta Platforms (META) Falls More Steeply Than Broader Market: What Investors Need to Know

Meta Platforms (META) concluded the recent trading session at $584.88, signifying a -1.86% move from its prior day's close.

zacks.com

FMR LLC Bolsters Stake in GMS Inc

On September 30, 2024, FMR LLC (Trades, Portfolio), a prominent investment firm, executed a significant transaction by adding 854,987 shares of GMS Inc (GMS, Financial), a leading distributor of specialty building products. This addition has increased FMR LLC (Trades, Portfolio)'s total holdings in GMS to 4,232,170 shares, reflecting a strategic enhancement of its investment portfolio.

gurufocus.com

FMR LLC Bolsters Portfolio with Strategic Acquisition in JPMorgan International Research

On September 30, 2024, FMR LLC (Trades, Portfolio), a prominent investment firm, executed a significant transaction by acquiring 3,127,577 shares of JPMorgan International Research Enhanced Equity ETF (JIRE, Financial). This addition has increased FMR LLC (Trades, Portfolio)'s total holdings in JIRE to 12,172,033 shares, reflecting a trade impact of 0.01% on their portfolio.

gurufocus.com

META Adds New Features to Facebook & Messenger: Is the Stock a Buy?

Meta Platforms' expanding AI prowess, which is helping it to add new features to Facebook and Messenger, is driving prospects.

zacks.com

Meta: Advertising Growth Soars While Betting Big on Future Tech

Last week, Meta NASDAQ: META made headlines due to the unveiling of several new products. Following the announcement, shares of Meta rose to a new all-time high.

marketbeat.com

Billionaires Are Betting Big on These FAANG Stocks, and This $700 Billion Opportunity Explains Why

Successful billionaire investors are sticking with these technology leaders.

fool.com

Meta Platforms: Riding The AI Tailwind To A $2 Trillion Valuation

Meta Platforms is not just a social media company but a tech giant leading in AI and augmented reality, setting up for long-term dominance. Meta's open-source Llama AI models and AI assistant are driving significant user engagement and revenue growth, with click-through rates up 11% and conversions rising 7.6%. Meta's Reality Labs is pioneering AR hardware, like Orion glasses, which could redefine tech interaction and potentially rival smartphones in ubiquity.

seekingalpha.com

Is Meta Platforms Stock a Buy Now?

In the past couple of years, this business has won back investors in a remarkable fashion.

fool.com

Top Wall Street analysts favor these stocks for attractive long-term potential

TipRanks' analyst ranking service pinpoints Wall Street's best-performing stocks, including Uber Technologies and Meta Platforms

cnbc.com

Prediction: 2 Stocks That Will Be Worth More Than Alphabet 5 Years From Now

Two stocks are poised to close the gap in the not-so-distant future.

fool.com

Meta (META) Hits Record High with New AI Video Model Launch

Meta Platforms Inc. (META, Financial) has recently achieved record highs in its stock price following the launch of its advanced AI video model, Movie Gen, which has been hailed as a revolutionary media foundation model. This follows the release of their highly sophisticated holographic AR glasses, Orion.

gurufocus.com

Should You Forget Apple and Buy These 3 Tech Stocks Instead?

Apple isn't the company it used to be.

fool.com

The Best Stocks to Invest $50,000 in Right Now

The following tech players have each built successful businesses -- well before the AI boom.

fool.com

Meta brags that its latest AI video tool outperforms rivals like OpenAI

Meta just launched Movie Gen, an AI video generator to compete with OpenAI's Sora. Movie Gen can make videos with accompanying audio using a text prompt.

businessinsider.com

Lights, Camera, AI: Facebook Parent Meta Announces Its Movie Generator

Meta (META) unveiled a new artificial intelligence (AI) tool that can generate realistic videos with accompanying music from text inputs.

investopedia.com

Vanguard Group Inc's Strategic Reduction in Enhabit Inc Shares

On September 30, 2024, Vanguard Group Inc, a prominent investment firm, executed a significant transaction involving the shares of Enhabit Inc (EHAB, Financial). The firm reduced its holdings by 626,911 shares, which adjusted its total stake in the company to 2,976,480 shares.

gurufocus.com

Tradepulse Power Inflow Alert: Meta Platforms Inc. Has Signal And Rises 1.4%

Meta Platforms Inc. today experienced a Power Inflow, a significant event for those who follow where smart money goes and value order flow analytics in their trading decisions.

benzinga.com

Meta Unveils AI Video Generator

Meta debuted a new AI tool that can generate or edit videos based on a simple text prompt, elevating competition with rivals like OpenAI and Google in the race to develop the world's most advanced AI technology. Bloomberg's Kurt Wagner joins Caroline Hyde and Ed Ludlow on "Bloomberg Technology.

youtube.com

Meta to Add New AI-Powered Video Generation Capabilities to Apps

Meta has unveiled generative artificial intelligence (AI) research that shows how simple text inputs can be used to create custom videos and sounds and edit existing videos. Dubbed “Meta Movie Gen,” this AI model builds upon the company's earlier generative AI models Make-A-Scene and Llama Image, the company said in a Friday (Oct.

pymnts.com

Nvidia Still Missing, But One Mag 7 Makes This Elite Screen

The best mutual funds again shunned Nvidia, but they did buy into one Magnificent Seven member — Meta stock.

investors.com

Meta announces new AI model that can generate video with sound

Facebook owner claims Movie Gen can create realistic-seeming video and audio clips that rival competitors'

theguardian.com

Meta must limit data use for targeted ads: EU court

Social media platforms such as Meta's Facebook must limit the use of personal data including someone's sexual orientation for targeted advertising, the European Union's top court ruled Friday.

techxplore.com

Meta Platforms (META) Unveils Movie Gen AI Model for Video and Audio Creation

Meta Platforms (META, Financial) has introduced a new artificial intelligence model named Movie Gen. This innovation can generate realistic video and audio clips based on user prompts, positioning itself as a competitor to media generation tools from startups like OpenAI and ElevenLabs.

gurufocus.com

Watch These Meta Platforms Price Levels as AI Optimism Boosts Stock to Record High

Meta Platforms (META) shares hit another record high Friday as investors continue to pile into the stock, impressed by the tech giant's latest artificial intelligence (AI) and metaverse innovations revealed last week at the company's Connect conference.

investopedia.com

Facebook seeks to attract young adults with new community, video features

Facebook, one of the original social media networks, has become known as the platform of parents and grandparents, while young adults take up photo and video apps like Instagram and TikTok.

reuters.com

Facebook launches a Gen Z-focused redesign

Facebook wants to woo more younger users to join its social network, instead of spending all their time on TikTok, Instagram, and other social apps. To do so, parent company Meta on Friday announced a series of changes to the older social network which will put greater emphasis on local community information, videos, and Facebook Groups, among other things.

techcrunch.com