Activist investor ValueAct has been aggressively building up its stake in Facebook and Instagram parent Meta, according to a recent report by CNBC. The investment company now holds an estimated $1 billion stake in the tech giant.
The stake in Meta is now among the...
Meta, the parent company of Instagram and Facebook, introduced a new AI model, known as Movie Gen, to the world on Friday. The impressive capabilities of Movie Gen sparked the interest of investors, causing Meta’s stock to surge by 2%.
Movie Gen has the ability...
Analysts have been revising their stock target price on Facebook and Instagram’s parent Meta after the company shared better-than-expected earnings last week. Most of the revisions are forecasting further growth for the stock amid positive financial indicators for future performance.
Barclays’ analysts kept an “Overweight”...
Meta, the parent company of Facebook and Instagram, shared a better-than-expected earnings report for the second quarter but warned about significant spending in 2025 as it looks to expand its infrastructure footprint.
Meta’s $5.16 in earnings per share comfortably cleared the $4.73 per share expected...
Meta, the parent company of Facebook and Instagram, announced plans to launch “aggressive” spending on research of Artificial Intelligence and development of AI products. The news didn’t sit well with the investors and caused the company’s stock to slide more than 14% in after-market...
Meta Platforms, the parent company of Facebook and Instagram, took investors and analysts by surprise with its first-quarter earnings results. Wednesday’s report revealed that Meta not only topped expectations by a healthy margin but also recorded sales growth after three consecutive negative quarters.
As a...
