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Tag: META PLATFORMS

  • Forget FAANG and the “Magnificent Seven.” Here Are 2 “AI Five” Stocks to Buy Right Now.

    Forget FAANG and the “Magnificent Seven.” Here Are 2 “AI Five” Stocks to Buy Right Now.

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    History is proof the U.S. stock market always climbs to new highs given enough time. But the stocks that lead the charge higher aren’t always the same. To help find the new leaders, Wall Street often groups them together to separate them from the rest of the market. For example, CNBC financial analyst Jim Cramer coined the FAANG acronym in 2017 to describe five of the largest technology companies at the time:

    1. Facebook, which now trades as Meta Platforms

    2. Apple

    3. Amazon

    4. Netflix

    5. Google, which now trades as Alphabet

    That leadership shifted in 2023 when a group of seven stocks drove the S&P 500 index to an annual return of twice its historical average. Bank of America analyst Michael Hartnett dubbed those stocks the “Magnificent Seven,” and they include:

    1. Meta Platforms

    2. Apple

    3. Amazon

    4. Alphabet

    5. Microsoft

    6. Nvidia (NASDAQ: NVDA)

    7. Tesla

    A digital render of a circuit board with a chip in the center, inscribed with the letters AI.

    Image source: Getty Images.

    It’s time for the “AI Five,” according to one analyst

    With Tesla stock sinking 22% so far this year, Jim Cramer thinks it should be booted from the Magnificent Seven entirely. The company is facing sluggish electric vehicle sales in 2024, which could keep a lid on its stock price and weaken the power of the Magnificent Seven as a group.

    It prompted one analyst — Glen Kacher from Light Street Capital — to rethink the stock market’s leadership altogether. He thinks investors should be focused on artificial intelligence (AI), so he has identified a new group of stocks and called it the “AI Five.” It includes:

    1. Nvidia

    2. Microsoft

    3. Taiwan Semiconductor Manufacturing

    4. Advanced Micro Devices (NASDAQ: AMD)

    5. Broadcom (NASDAQ: AVGO)

    Each company has a hand in developing the hardware and software necessary to bring AI to life. Here are two AI Five stocks investors should consider buying right now.

    1. Advanced Micro Devices (AMD)

    Advanced Micro Devices might be one of the best semiconductor stocks to own in 2024. Its new MI300 data center chips are designed to process AI workloads, and they are shaping up to be the main rivals to Nvidia’s industry-leading H100.

    The MI300 comes in two configurations. The MI300X is a pure graphics processor (GPU) like the H100, whereas the MI300A combines GPU and central processing unit (CPU) hardware to create the world’s first accelerated processing unit (APU) for data centers. The MI300A will power the El Capitan supercomputer at the Lawrence Livermore National Laboratory, and it’s expected to be the most powerful in the world when it comes online later this year.

    Some of the world’s largest data center operators, companies like Meta Platforms, Microsoft, and Oracle, are also racing to get their hands on MI300 chips. They have relied almost entirely on Nvidia up until now, but supply constraints are pushing them to look for viable alternatives, and AMD is ready.

    In the fourth quarter of 2023, AMD issued a bullish forecast for the MI300. The company originally expected the GPU to pull in $2 billion worth of sales in 2024, but it raised that number to $3.5 billion, much to the delight of investors.

    AI is also coming to personal computers, where users can process AI on-device for a faster experience, which reduces the reliance on external data centers. AMD’s Ryzen AI series of neural processing units (NPUs) already power more than 50 notebook designs, and the company is working with Microsoft to develop a new version of Windows that will run AI workloads more efficiently.

    Millions of personal computers have already shipped with Ryzen AI chips, giving AMD a 90% market share in the segment. Ryzen AI drove the company’s Client segment revenue to $1.5 billion in the fourth quarter, representing a whopping 62% year-over-year increase. AMD expects that momentum to continue, especially because it’s preparing to launch a next-generation chip that could be more than three times faster.

    Simply put, 2024 is set to be incredibly exciting for AMD, and the company could be on the cusp of a multiyear growth cycle on the back of its new hardware slate.

    2. Broadcom

    As far as being an AI stock, Broadcom lives in the shadow of glamorous names like AMD and Nvidia. However, Broadcom is developing AI on multiple fronts, and its stock has delivered a 343% return over the last five years, so it definitely warrants some attention. Despite being founded in 1991, the company really took a leap forward when it merged with semiconductor giant Avago Technologies in 2016.

    Broadcom is now a conglomerate that not only includes Avago but also several acquired companies like semiconductor device supplier CA Technologies, cybersecurity giant Symantec, and cloud software developer VMware. Broadcom spent a whopping $98.6 billion on those three acquisitions since 2018.

    VMware, which had a price tag of $69 billion alone, is an increasingly important company in the context of the AI boom. Its software allows users to run virtual machines to distribute cloud infrastructure more efficiently. For example, one user on one server might only utilize 10% of its capacity, but virtual machines allow multiple users to plug into that server so it operates at capacity. Considering so many companies are racing to access AI data center infrastructure, optimization is one way they can squeeze the most value out of what they have.

    Broadcom itself is also considered a leader in networking and server connectivity solutions for the data center. It developed a high-bandwidth switch called Tomahawk 5, which is designed to accelerate AI and machine learning workloads. A switch regulates how fast data travels from one point to another, and considering developers are feeding billions of data points to powerful GPUs to train AI models, it has become an important piece of the infrastructure puzzle.

    Broadcom generated a record-high $35.8 billion in revenue during fiscal 2023 (ended Oct. 29), which was an increase of 8% compared to fiscal 2022. However, Broadcom’s revenue is expected to grow by 40% in fiscal 2024 to $50 billion, thanks to the inclusion of VMware’s financial results for the first time.

    Based on Broadcom’s $42.25 in non-GAAP (adjusted) earnings per share in fiscal 2023 and its current stock price of $1,226.55, it trades at a price-to-earnings (P/E) ratio of 29.1. That’s a 9% discount to the 32.1 P/E of the Nasdaq-100 index, which implies Broadcom is still cheap relative to its peers in the tech sector.

    Given the company’s growing presence in AI through acquisitions and in-house development, Broadcom looks like a great AI Five stock to buy now and hold — especially at this price.

    Where to invest $1,000 right now

    When our analyst team has a stock tip, it can pay to listen. After all, the newsletter they have run for two decades, Motley Fool Stock Advisor, has more than tripled the market.*

    They just revealed what they believe are the 10 best stocks for investors to buy right now… and Advanced Micro Devices made the list — but there are 9 other stocks you may be overlooking.

    See the 10 stocks

    *Stock Advisor returns as of February 20, 2024

    Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool’s board of directors. Bank of America is an advertising partner of The Ascent, a Motley Fool company. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. Anthony Di Pizio has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Advanced Micro Devices, Alphabet, Amazon, Apple, Bank of America, Meta Platforms, Microsoft, Netflix, Nvidia, Oracle, Taiwan Semiconductor Manufacturing, and Tesla. The Motley Fool recommends Broadcom and recommends the following options: long January 2026 $395 calls on Microsoft and short January 2026 $405 calls on Microsoft. The Motley Fool has a disclosure policy.

    Forget FAANG and the “Magnificent Seven.” Here Are 2 “AI Five” Stocks to Buy Right Now. was originally published by The Motley Fool

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  • Mark Zuckerberg Assures Concerned Parents That He’s Keeping Very Close Personal Eye On Teen Accounts

    Mark Zuckerberg Assures Concerned Parents That He’s Keeping Very Close Personal Eye On Teen Accounts

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    WASHINGTON—During a congressional hearing Wednesday aimed at holding tech companies accountable for children’s safety online, Meta CEO Mark Zuckerberg gave testimony in which he assured concerned parents that he was keeping a very close, personal eye on teen accounts. “I personally spend most days and nights in front of my computer, closely monitoring every piece of content uploaded by your young teenagers, so there’s no need to worry” said the 39-year-old billionaire, explaining to parents that there was no way for strangers to exploit underage children without him seeing the private messages in real time. “There’s not a single image your precious son or daughter has sent through Instagram, Facebook, or WhatsApp that I haven’t seen and preserved on my own hard drive for safe keeping. I’m out there every day looking at their photos and making sure the racier stuff doesn’t get into the wrong hands. When I see something concerning, I immediately comment, ‘You okay, beautiful?’ to get to the bottom of it. Liking and hearting pictures of your kids in skimpy bikinis lets any predators out there know that Daddy Zuckerberg is watching.” Zuckerberg went on to tell the Senate Judiciary Committee that if bad people were targeting underage kids on his social media apps, he would be the first person to step in and let the children know that they could always come to him and tell him anything.

    Facebook HQ On Lockdown After Mark Zuckerberg’s Avatar Breaks Out Of Metaverse

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  • So Long, Apple and Tesla. We Built a Better Magnificent 7.

    So Long, Apple and Tesla. We Built a Better Magnificent 7.

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    By Nicholas Jasinski

    Jan 12, 2024, 1:00 am EST

    In this article

    AMZN

    AAPL

    MSFT

    NVDA

    SPX

    The Magnificent Seven had an extraordinary year in 2023—one that will be very difficult to repeat. And there will be a new Magnificent Seven in 2024.

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  • OpenAI Has a New Board. Who’s On, Who’s Not, and What It Means for AI Safety.

    OpenAI Has a New Board. Who’s On, Who’s Not, and What It Means for AI Safety.

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    By Adam Clark

    Nov 22, 2023, 10:36 am EST

    Sam Altman is returning to OpenAI but power at the artificial-intelligence start-up is still set to be held by its board. The members who fired Altman are largely out and their replacements suggest the new board will be less inclined to slow or block the development of AI technology.

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  • Sam Altman to Join Microsoft Following OpenAI Ouster

    Sam Altman to Join Microsoft Following OpenAI Ouster

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    Updated Nov. 20, 2023 6:34 am ET

    SAN FRANCISCO—Microsoft said it is hiring Sam Altman to helm a new advanced artificial-intelligence research team, after his bid to return to OpenAI fell apart Sunday with the board that fired him declining to agree to the proposed terms of his reinstatement.

    Microsoft Chief Executive Satya Nadella posted on X (formerly Twitter) late Sunday that Altman and Greg Brockman, OpenAI’s president and co-founder who resigned Friday in protest over Altman’s ouster, will lead its team alongside unspecified colleagues. Nadella said Microsoft was committed to its partnership with OpenAI and that it would move quickly to provide Altman and Brockman with “the resources needed for their success.” 

    Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8

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  • Meta’s Earnings Story Will Be a Good Ol’ Rebound in Ads

    Meta’s Earnings Story Will Be a Good Ol’ Rebound in Ads

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    Oct 25, 2023, 1:00 am EDT

    In recent quarters, Meta Platforms CEO Mark Zuckerberg has been talking more about artificial intelligence and cost cutting, while focusing less and less on the company’s multibillion-dollar investment in the metaverse. Expect more of the same when the parent of Facebook, Instagram, WhatsApp, and Threads reports results after the close Wednesday. 

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  • Is the Stock Market Open Today? These Are the Trading Hours for Labor Day.

    Is the Stock Market Open Today? These Are the Trading Hours for Labor Day.

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    Is the Stock Market Open Today? These Are the Trading Hours for Labor Day.

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  • AMC, Chevron, Tesla, Domino’s, Microsoft, and More Stock Market Movers

    AMC, Chevron, Tesla, Domino’s, Microsoft, and More Stock Market Movers

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    https://www.barrons.com/articles/stock-market-movers-2b3602a5

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  • Why Meta’s Threads is a Game-Changing Innovation For Entrepreneurs | Entrepreneur

    Why Meta’s Threads is a Game-Changing Innovation For Entrepreneurs | Entrepreneur

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    Opinions expressed by Entrepreneur contributors are their own.

    In the ever-evolving world of entrepreneurship, innovation is the name of the game. And when it comes to game-changing innovations, few can match the impact of Meta Threads. This revolutionary concept is transforming how entrepreneurs operate, offering a new level of efficiency and effectiveness. But what exactly are META Threads, and how are they changing the game for entrepreneurs? Let’s dive in and find out.

    Related: Threads to Implement Changes to Common Complaints After Hitting 100 Million Users

    The genesis of Meta Threads

    The inception of Meta Threads is rooted in the need for a more efficient and effective way of doing business. Entrepreneurs were seeking a tool that could streamline their operations, enhance productivity, and ultimately drive growth. Meta Threads emerged as the answer to these needs, offering a new approach to entrepreneurship.

    Mark Zuckerberg, the CEO of Meta, has expressed his thoughts on Meta Threads in various public forums. He has shown a positive outlook on the potential of Meta Threads to revolutionize the way businesses operate.

    In a post on his Threads account, Zuckerberg revealed that Meta Threads had far exceeded their expectations, with a whopping 70 million sign-ups as of that morning. This number was significantly higher than they had anticipated, indicating the immense popularity and acceptance of META Threads among entrepreneurs and businesses.

    Related: Jack Dorsey Blasts Mark Zuckerberg Over Threads Follow Request: ‘Too Soon’

    Understanding the Concept of META Threads

    Meta Threads is a complex concept, but at its core, it’s about creating a network of interconnected ideas, strategies and actions. It’s about weaving together different aspects of a business to create a cohesive and efficient whole. This concept is embodied in the latest creation from Meta, a colossal corporation that holds ownership of WhatsApp, Facebook and Instagram. They have developed a fresh microblogging platform known as Threads, designed to facilitate the sharing of text updates and public conversations.

    Threads is a real-time, text-based platform promoting public conversations and community building. It prioritizes safety, accessibility and interoperability, aiding businesses to connect with customers and expand. Meta aims to enhance Threads based on user feedback. If successful, Threads could generate substantial ad revenue through targeted advertising, attracting advertisers. Despite being new, Threads has over 70 million sign-ups, showing its potential. It plans to be compatible with an open social networking protocol to increase its utility and reach.

    The role of Meta Threads in entrepreneurship

    Meta Threads play a pivotal role in entrepreneurship. It allows entrepreneurs to streamline operations, enhance productivity and drive growth. It’s a tool that enables entrepreneurs to operate more efficiently and effectively.

    Threads offer features like liking, commenting and reposting, which enable direct engagement with your audience. This allows entrepreneurs to build a strong rapport with their customers, fostering a sense of community and loyalty. The platform provides a direct line of communication, allowing businesses to respond to customer comments, answer their questions and receive feedback in real time. This direct engagement can lead to improved customer relationships and business performance.

    META Threads has a profound impact on business operations. It streamlines processes, enhances efficiency and boosts productivity. It’s a game-changer that is transforming the way businesses operate.

    Streamlining Operations in a Tech Startup

    Consider a tech startup that is juggling multiple projects simultaneously. The team is struggling to keep track of all the tasks, deadlines and responsibilities. This is where Meta Threads comes into play. By creating a network of interconnected ideas, strategies and actions, Threads allows the startup to streamline its operations. It provides a clear overview of all the ongoing projects, making it easier for the team to manage their tasks and meet their deadlines. As a result, the startup can operate more efficiently and effectively, leading to enhanced productivity and growth.

    Enhancing productivity in a marketing agency

    Now, let’s take the example of a marketing agency that is working with several clients. The agency needs to develop and implement marketing strategies for each client, which can be a complex and time-consuming process. With Meta Threads, the agency can streamline this process. It can create a network of interconnected strategies for each client, making it easier to develop and implement these strategies. This enhances the agency’s productivity and improves the quality of its services, leading to increased client satisfaction and business growth.

    Transforming operations in a manufacturing company

    Finally, consider a manufacturing company that is struggling with inefficient processes. The company is wasting resources and time due to these inefficiencies, which is affecting its bottom line. META Threads can transform the company’s operations by streamlining these processes. It can create a network of interconnected actions that make the manufacturing process more efficient. This reduces waste, saves time, and boosts the company’s productivity, leading to increased profits.

    What is the future of entrepreneurship with Meta Threads?

    The future of entrepreneurship with META Threads is bright. This innovative concept redefines the entrepreneurial landscape, ushering in a new era of efficiency, productivity and growth. META Threads, a new “conversation” app launched by Meta, has shown promising signs of becoming a game-changer in the world of social media and entrepreneurship. It added 30 million users on its first day, demonstrating the potential for rapid growth and widespread adoption. The app’s unique feature of allowing users to control their algorithms and the content they see has been a significant factor in its success. This decentralization fosters a more competitive environment, enabling small startups to compete with established giants on a level playing field.

    Related: ‘We Want To Do It Differently’: Mark Zuckerberg and Elon Musk Continue Feud as Meta Launches ‘Threads’

    Is Threads suitable for all types of businesses?

    Yes, Meta Threads is suitable for all types of businesses. It’s a versatile tool that can be adapted to suit the needs of any business, regardless of its size or industry.

    The real-life examples of a tech startup, a marketing agency and a manufacturing company demonstrate the practical applications of Threads. Threads has proven to be a game-changer in each case, enabling these businesses to operate more efficiently and effectively.

    Whether it’s managing multiple projects in a startup, developing and implementing marketing strategies in an agency, or improving manufacturing processes in a company, Meta Threads has shown its potential to revolutionize business operations.

    Therefore, it’s clear that Threads is not just a buzzword; it’s a pivotal tool for entrepreneurs. It’s a game-changing innovation set to redefine the entrepreneurial landscape, ushering in a new era of efficiency, productivity and growth. Entrepreneurs and businesses that embrace Meta Threads will undoubtedly be better equipped to navigate the complexities of the business world and achieve their growth objectives.

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  • Meta, Bank of America, Affirm, AmEx, JetBlue, and More Stock Market Movers

    Meta, Bank of America, Affirm, AmEx, JetBlue, and More Stock Market Movers

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    https://www.barrons.com/articles/stock-market-movers-3beb512f

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  • Activision’s Microsoft Saga Is Almost Over. It May Be Time to Sell the Stock.

    Activision’s Microsoft Saga Is Almost Over. It May Be Time to Sell the Stock.

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    The fate of


    Microsoft


    $69 billion purchase of


    Activision


    Blizzard will finally be known in the coming weeks—and investors may want to consider taking profits on the videogame maker’s stock before then.

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  • Nvidia Stock Is Down. Blame Tesla.

    Nvidia Stock Is Down. Blame Tesla.

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    Shares of newly minted $1 trillion company


    Nvidia


    were taking it on the chin Monday, and investors searching for a reason should look to


    Tesla

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  • 23,470 Shares in Meta Platforms, Inc. (NASDAQ:META) Bought by Accuvest Global Advisors

    23,470 Shares in Meta Platforms, Inc. (NASDAQ:META) Bought by Accuvest Global Advisors

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    Accuvest Global Advisors bought a new position in Meta Platforms, Inc. (NASDAQ:META – Get Rating) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 23,470 shares of the social networking company’s stock, valued at approximately $2,824,000. Meta Platforms accounts for approximately 0.9% of Accuvest Global Advisors’ holdings, making the stock its 27th biggest position.

    Several other large investors have also made changes to their positions in the company. Charles Schwab Investment Management Inc. raised its position in shares of Meta Platforms by 1.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 11,830,209 shares of the social networking company’s stock worth $2,630,566,000 after buying an additional 128,126 shares during the period. DNB Asset Management AS purchased a new position in shares of Meta Platforms in the 4th quarter worth $401,963,000. Renaissance Technologies LLC raised its position in shares of Meta Platforms by 310.7% in the 1st quarter. Renaissance Technologies LLC now owns 3,001,000 shares of the social networking company’s stock worth $667,302,000 after buying an additional 2,270,300 shares during the period. Ruane Cunniff & Goldfarb L.P. raised its position in shares of Meta Platforms by 7.2% in the 1st quarter. Ruane Cunniff & Goldfarb L.P. now owns 2,834,735 shares of the social networking company’s stock worth $630,332,000 after buying an additional 189,688 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in shares of Meta Platforms by 12.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,244,201 shares of the social networking company’s stock worth $499,020,000 after buying an additional 249,926 shares during the period. 60.92% of the stock is owned by hedge funds and other institutional investors.

    Insider Transactions at Meta Platforms

    In other news, CAO Susan J.S. Taylor sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $172.96, for a total transaction of $242,144.00. Following the completion of the transaction, the chief accounting officer now directly owns 2,949 shares in the company, valued at $510,059.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CTO Andrew Bosworth sold 10,888 shares of the business’s stock in a transaction that occurred on Wednesday, February 15th. The stock was sold at an average price of $179.48, for a total transaction of $1,954,178.24. Following the sale, the chief technology officer now owns 12,743 shares of the company’s stock, valued at $2,287,113.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Susan J.S. Taylor sold 1,400 shares of the business’s stock in a transaction that occurred on Thursday, February 16th. The stock was sold at an average price of $172.96, for a total value of $242,144.00. Following the sale, the chief accounting officer now directly owns 2,949 shares in the company, valued at approximately $510,059.04. The disclosure for this sale can be found here. Over the last three months, insiders sold 68,342 shares of company stock worth $12,285,012. Company insiders own 14.03% of the company’s stock.

    Wall Street Analyst Weigh In

    Several research analysts have commented on the company. HSBC lowered Meta Platforms from a “hold” rating to a “reduce” rating and set a $110.00 price objective on the stock. in a research report on Friday, February 3rd. Rosenblatt Securities raised Meta Platforms from a “neutral” rating to a “buy” rating and raised their price objective for the company from $104.00 to $220.00 in a research report on Thursday, February 2nd. Wells Fargo & Company raised their price objective on Meta Platforms from $250.00 to $280.00 in a research report on Thursday. Oppenheimer raised their price objective on Meta Platforms from $235.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, March 15th. Finally, Morgan Stanley raised their price objective on Meta Platforms from $130.00 to $190.00 and gave the company an “equal weight” rating in a research report on Thursday, February 2nd. Four analysts have rated the stock with a sell rating, eight have given a hold rating, thirty-seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $209.94.

    Meta Platforms Stock Performance

    Shares of NASDAQ META opened at $195.61 on Monday. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.08. The stock has a 50 day simple moving average of $166.42 and a 200-day simple moving average of $140.06. The company has a market cap of $507.15 billion, a PE ratio of 22.80, a P/E/G ratio of 1.78 and a beta of 1.18. Meta Platforms, Inc. has a 12-month low of $88.09 and a 12-month high of $236.86.

    Meta Platforms (NASDAQ:META – Get Rating) last issued its quarterly earnings data on Wednesday, February 1st. The social networking company reported $3.00 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.12 by $0.88. The business had revenue of $32.17 billion during the quarter, compared to the consensus estimate of $31.69 billion. Meta Platforms had a return on equity of 21.23% and a net margin of 19.90%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the previous year, the firm posted $3.67 earnings per share. On average, equities research analysts forecast that Meta Platforms, Inc. will post 10.38 EPS for the current year.

    Meta Platforms Profile

    (Get Rating)

    Meta Platforms, Inc, engages in the development of social media applications. It builds technology that helps people connect, find communities, and grow businesses. It operates through the Family of Apps (FoA) and Reality Labs (RL) segments. The FoA segment consists of Facebook, Instagram, Messenger, WhatsApp, and other services.

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    Want to see what other hedge funds are holding META? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Meta Platforms, Inc. (NASDAQ:META – Get Rating).

    Institutional Ownership by Quarter for Meta Platforms (NASDAQ:META)

    Receive News & Ratings for Meta Platforms Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Meta Platforms and related companies with MarketBeat.com’s FREE daily email newsletter.

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  • Silicon Valley Confronts the End of Growth. It’s a New Era for Tech Stocks.

    Silicon Valley Confronts the End of Growth. It’s a New Era for Tech Stocks.

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    Silicon Valley could use a reboot. The biggest players aren’t growing, and more than a few are seeing sharp revenue declines. Regulators seem opposed to every proposed merger, while legislators push for new rules to crack down on the internet giants. The Justice Department just can’t stop filing antitrust suits against Google. The initial public offering market is closed. Venture-capital investments are plunging, along with valuations of prepublic companies. Maybe they should try turning the whole thing on and off.

    The only strategy that seems to be working is to lay people off. Tech CEOs suddenly are channeling Marie Kondo, tidying up and keeping only the people and projects that “spark joy,” or at least support decent operating margins. Layoffs.fyi reports that tech companies have laid off more than 122,000 people already this year.

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  • Walmart, Home Depot, Meta, DocuSign, Medtronic, and More Stock Market Movers

    Walmart, Home Depot, Meta, DocuSign, Medtronic, and More Stock Market Movers

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  • The Dow Buried the Nasdaq. Now, What Happens Next.

    The Dow Buried the Nasdaq. Now, What Happens Next.

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    Y2K is back in a big way in the fashion world, but history isn’t just repeating itself on the runway. The stock market appears to be nostalgic for the early 2000s, as it is once again turning its back on tech.

    There were few places for investors to hide in this year’s bloodbath, but those exposed to the tech-heavy


    Nasdaq Composite


    index undoubtedly had it the worst. Through the close Friday, the last trading day of the year, the Nasdaq had plummeted 33.1% in 2022, falling 8.7% in the past month alone.

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  • Facebook owner Meta may remove news from platform if US Congress passes media bill

    Facebook owner Meta may remove news from platform if US Congress passes media bill

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    Facebook parent Meta Platforms Inc on Monday threatened to remove news from its platform if the US Congress passes a proposal aimed at making it easier for news organizations to negotiate collectively with companies like Alphabet Inc’s Google and Facebook.

    Sources briefed on the matter said lawmakers are considering adding the Journalism Competition and Preservation Act to a must-pass annual defense bill as way to help the struggling local news industry.

    Meta spokesperson Andy Stone in a tweet said the company would be forced to consider removing news if the law was passed “rather than submit to government-mandated negotiations that unfairly disregard any value we provide to news outlets through increased traffic and subscriptions.”

    He added the proposal fails to recognize that publishers and broadcasters put content on the platform because “it benefits their bottom line – not the other way around.”

    The News Media Alliance, a trade group representing newspaper publishers, is urging Congress to add the bill to the defense bill, arguing that “local papers cannot afford to endure several more years of Big Tech’s use and abuse, and time to take action is dwindling. If Congress does not act soon, we risk allowing social media to become America’s de facto local newspaper.”

    More than two dozen groups including the American Civil Liberties Union, Public Knowledge and the Computer & Communications Industry Association on Monday urged Congress not to approve the local news bill saying it would “create an ill-advised antitrust exemption for publishers and broadcasters” and argued the bill does not require “funds gained through negotiation or arbitration will even be paid to journalists.”

    A similar Australian law, which took effect in March 2021 after talks with the big tech firms led to a brief shutdown of Facebook news feeds in the country, has largely worked, a government report said.

    Since the News Media Bargaining Code took effect, various tech firms including Meta and Alphabet have signed more than 30 deals with media outlets, compensating them for content that generated clicks and advertising dollars, the report added.

     

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  • Whitehouse police officer pledges to do 10 pushups per donated toy, then receives hundreds

    Whitehouse police officer pledges to do 10 pushups per donated toy, then receives hundreds

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  • Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse

    Zuckerberg says WhatsApp business chat will drive sales sooner than metaverse

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    Meta Platforms Inc Chief Executive Mark Zuckerberg told employees on Thursday that WhatsApp and Messenger would drive the company’s next wave of sales growth, as he sought to assuage concerns about Meta’s finances after its first mass layoffs.

    Zuckerberg, addressing pointed questions at a company-wide meeting a week after Meta said it would lay off 11,000 workers, described the pair of messaging apps as being “very early in monetizing” compared to its advertising juggernauts Facebook and Instagram, according to remarks heard by Reuters.

    “We talk a lot about the very long-term opportunities like the metaverse, but the reality is that business messaging is probably going to be the next major pillar of our business as we work to monetize WhatsApp and Messenger more,” he said.

    Meta enables some consumers to speak and transact with merchants through the chat apps, including a new feature announced Thursday in Brazil.  The company did not immediately respond to a request for comment on Thursday’s internal forum.

    Zuckerberg’s comments there reflect a shift in tone and emphasis after focusing heavily on extended reality hardware and software investments since announcing a long-term ambition to build out an immersive metaverse last year.

    Investors have questioned the wisdom of that decision as Meta’s core advertising business has struggled this year, more than halving its stock price.

    In his remarks to employees, Zuckerberg played down how much the company was spending in Reality Labs, the unit responsible for its metaverse investments.

    People were Meta’s biggest expense, followed by capital expenditure, the vast majority of which went to infrastructure to support its suite of social media apps, he said. About 20% of Meta’s budget was going to Reality Labs.

    Within Reality Labs, the unit was spending over half of its budget on augmented reality (AR), with smart glasses products continuing to emerge “over the next few years” and some “truly great” AR glasses later in the decade, Zuckerberg said.

    “This is in some ways the most challenging work … but I also think it’s the most valuable potential part of the work over time,” he said.

    About 40% of Reality Labs’ budget went toward virtual reality, while about 10% was spent on futuristic social platforms such as the virtual world it calls Horizon.

    Chief Technology Officer Andrew Bosworth, who runs Reality Labs, said AR glasses need to be more useful than mobile phones to appeal to potential customers and meet a higher bar for attractiveness.

    Bosworth said he was wary of developing “industrial applications” for the devices, describing that as “niche,” and wanted to stay focused on building for a broad audience.

    Also read: Meta appoints Sandhya Devanathan as India Vice President amid massive layoffs

    Also read: Meta’s top executive Nicola Mendelsohn is excited about India. Here’s why

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  • Woman wakes up in empty urgent care office

    Woman wakes up in empty urgent care office

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