Meta Platforms, Inc. - Class A Common Stock (META)
687.00
+10.51 (1.55%)
Meta Platforms Inc is a technology company that focuses on building and connecting social media platforms and virtual experiences
It is best known for its flagship products, which include Facebook, Instagram, and WhatsApp, providing users with a space to communicate, share content, and engage with diverse communities. The company is also heavily invested in the development of augmented reality and virtual reality technologies, aiming to create immersive environments and enhance social interaction in the metaverse. Through its various platforms and initiatives, Meta seeks to empower individuals and businesses while fostering new ways for people to connect and collaborate.
A tumultuous week barrels to a close as Asian investors take their cues from U.S. ‘Big Tech’ earnings, digesting Fed Chair Jerome Powell’s midweek messaging and bracing for a new round of tariff-induced market turbulence.
While Microsoft and Meta reported higher-than-expected capital expenditures, hints of shifting AI chip strategies have the market questioning Nvidia’s long-term growth in the face of competition from DeepSeek.
During its fourth-quarter earnings call, Meta CFO Susan Li revealed that the company will expand its use of MTIA chips, also known as Meta’s Training and Inference Accelerator. Meta and Broadcom co-designed the MTIA chips.
Meta CEO Mark Zuckerberg expressed frustration over leaks from an internal meeting, prompting the company to issue a strict warning that leakers will face termination.
Given a somewhat hectic start to this week, markets, while ending yesterday lower, were soothed somewhat by a Fed that delivered on rate-setting expectations.
Meta (NASDAQMETA) is a leading technology company known for its popular social media platforms, Facebook and Instagram. The company recently reported its fourth-quarter earnings for 2024, surpassing market expectations. Meta achieved earnings per share (“EPS”) of $8.02, exceeding the analyst estimate of $6.76. The company’s revenue for the quarter reached $48.39 billion , surpassing the anticipated $46.99 billion.
Wall Street is struggling to find risk-on momentum, with major indexes stuck near the flatline at midday as investors assess the latest earnings reports from mega-cap tech stocks and weaker-than-expected U.S.
