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Meta Platforms (META -1.62%) demonstrated exceptional financial strength in the fourth-quarter fiscal 2024 (ending Dec. 31, 2024) on Jan. 29, with revenues and earnings surpassing analyst consensus expectations.
For years, Meta employees have internally discussed using copyrighted works obtained through legally questionable means to train the company's AI models, according to court documents unsealed on Thursday.
CNBC's Julia Boorstin reports on the women transforming business.
Meta made headlines last month for announcing plans to cut 5% of its employees, controversially deeming them “low performers.” But the job cuts aren't holding Meta back from expanding in certain geographic areas.
Meta, the parent company of Facebook and Instagram, announced that it approved a change to its bonus policy for executives other than the CEO that will raise payouts from 75% to 200%.
Does Meta Platforms (META) have what it takes to be a top stock pick for momentum investors? Let's find out.
The company's executives could now earn a bonus representing 200% of their base salary, up from 75%, according to the filing.
Both Netflix and Meta Platforms remain prime selections for growth-focused investors, with the earnings outlook for each remaining notably bullish following strong quarterly results.
Today's Big 3 turns to stocks that have seen notable price action over recent weeks. Meta Platforms (META) slipped after an all-time high run as Apple (AAPL) continued its run higher, while Coinbase (COIN) remains choppy despite an initial upbeat start to the trading day.
Meta has strong fundamentals but remains less attractive compared to Amazon, Microsoft, and Alphabet due to overreliance on ads and social networks. Meta's potential lies in optimizing ad performance, monetizing WhatsApp, and exploring new ventures like AI, VR, and robotics. Given higher-than-historical multiples and cautious growth assumptions, Meta is upgraded to a 'cautious buy,' with significant shareholder value expected to be unlocked in the coming years.