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About Meta Platforms Inc - Class A

Founded in 2004, Facebook's mission is to give people the power to build community and bring the world closer together. People use Facebook's apps and technologies to connect with friends and family, find communities and grow businesses.
CEO
Mark Zuckerberg
Employees
58604
Headquarters

1601 Willow Rd
Menlo Park, California 94025-1452
Phone: 16506187714
www.facebook.com

News

Facebook user who encouraged people to attack hotel housing refugees jailed
Aug 09, 2024 16:34pm

Jordan Parlour, the first person jailed for stirring up racial hatred during the recent disorder, was sentenced to 20 months. The post Facebook user who encouraged people to attack hotel housing refugees jailed appeared first on Jersey Evening Post .


Source:Jersey Evening Post
Apple makes changes to its App Store
Aug 09, 2024 16:06pm

BRUSSELS — Apple on Thursday announced changes to its App Store after the European Union accused the iPhone maker of breaking the bloc''s landmark new digital rules. The EU said the App Store terms prevented app developers from freely steering consumers to alternative ways to pay, making Apple the first-ever tech firm to face accusations of breaching a new law known as the Digital Markets Act (DMA). Now Apple says there will be changes to comply with the DMA and address the findings of the European Commission, the EU''s powerful antitrust regulator. Brussels at the time said developers could only steer customers through a link in their app that redirected the user to a web page to conclude any contracts. Regulators said Apple placed "several restrictions," meaning app developers could not communicate, promote offers and conclude contracts through the channel of their choice. From the autumn, Apple said developers in the EU "can communicate and promote offers for purchases" wherever they want, for example, via an alternative app marketplace.


Source:The Manila Times
Meta and Google Had ‘Secret Deal’ To Target Ads to Minors
Aug 09, 2024 11:21am

Google and Meta made a secret deal to target Instagram ads to teenagers on YouTube -- breaking the search giant’s own rules against advertising to children. [ Read More ]


Source:PetaPixel
3 Artificial Intelligence Stocks with Promising Applications
Aug 09, 2024 10:56am

Artificial intelligence made headlines in 2024, with stocks in the space appreciating tremendously. Amid the growing adoption of technology, many companies are shelling out billions to advance their AI capabilities. According to a recent report by CompTIA, 22% of companies aim to pursue AI integration across their products. The report also found that 33% of companies are working with some type of AI application to improve their service and product delivery. By riding this wave, investors can be sure to see gains over the medium term. Artificial intelligence is still in its infancy, which means these stocks hold great potential. Numerous technology applications are still being explored. For instance, it could have use cases in defense, chatbots and data analysis. Consider these three companies if you want to invest in solid artificial intelligence stocks with great promise in returns. Let’s examine why these three stocks stand out. Nvidia (NVDA) Nvidia (NASDAQ: NVDA ) started as a graphics card company.


Source:InvestorPlace
The 3 Best Tech Stocks to Buy Now: August 2024
Aug 09, 2024 10:28am

Investing in the tech sector has yielded solid returns for investors. The Vanguard Information Technology Index Fund (NYSEARCA: VGT ) has more than doubled over the past five years. It’s filled with tech stocks , but it has significant exposure to the Magnificent Seven. That’s no surprise, as these stocks also make up a large portion of the S&P 500 and the Nasdaq Composite . Tech has historically been a good sector for outperforming the stock market. However, you can also look at tech stocks to discover opportunities to outperform the tech industry. The tech sector has a few outliers that look ready for massive rallies. Investors can find these types of stocks by looking for companies that post rising revenue and net income. The three tech stocks in this list have the potential to generate long-term returns. One of these companies is an advertising leader. The second stock offers a cloud platform with steady recurring revenue. The final stock is an AI chipmaker that’s gaining market share.


Source:InvestorPlace
Why Meta Stock’s Mega AI Investments Are Likely to Pay Off Eventually
Aug 09, 2024 10:15am

A company has to spend a lot of money now in order to grow and succeed later on. This seems to be the philosophy of Meta Platforms (NASDAQ: META ) and its chief executive, Mark Zuckerberg. You’ll need to be on board with Meta Platforms’ mega-sized investments in artificial intelligence technology if you want to buy and hold Meta stock. There are no guarantees here, but Meta Platforms’ AI investments will probably yield the desired results in the long run. Still, it’s fine for the shareholders to keep tabs on Meta Platforms’ spending in the coming quarters. If that spending gets out of control, you’re certainly not required to hold your Meta shares forever. Meta Platforms Beats Wall Street’s Forecasts It’s difficult to argue with Meta Platforms’ second-quarter 2024 financial results. The company generated $39.07 billion in revenue, beating Wall Street’s consensus call for $38.3 billion . Even the skeptics can’t deny that Meta Platforms is raking in a boatload of advertising dollars. Furthermore, Meta Platforms reported Q2-2024 earnings of $5.16, handily beating the analysts’ consensus estimate of $4.74.


Source:InvestorPlace
The 3 Best Nasdaq Stocks to Buy in August 2024
Aug 09, 2024 10:00am

The Nasdaq 100 has more than doubled over the past five years. It’s filled with the top 100 non-financial Nasdaq stocks based on market cap. This benchmark contains some of the best Nasdaq stocks, based on its ability to consistently outperform the Nasdaq Composite in bullish markets. Looking at the stocks within a top-performing benchmark can help you generate higher returns. By definition, a benchmark continues stocks that have outperformed its year-to-date returns. You can find the first two stocks on this list within the Nasdaq 100, and unsurprisingly, they are tech companies. However, the third company on this list is much smaller. It has a market cap below $1 billion, but the fintech company has crushed the stock market year-to-date. The company has enticing growth opportunities and a reasonable valuation. This small company and the two tech giants demonstrate the level of range that you will find in the Nasdaq. Ready for the list? These are some of the best Nasdaq stocks to consider.


Source:InvestorPlace