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UPDATE—July 26, 2024: This article has been updated to reflect more recent share price information.
The final trades of the day with CNBC's Melissa Lee and the Fast Money traders.
Facebook parent Meta Platforms has seen a 398.6% stock increase since October 2022, outperforming the S&P 500. Analysts anticipate revenue growth of 19.6% and earnings per share of $4.74 for Meta Platforms for the second quarter of 2024. Despite heavy investments in Reality Labs, Meta Platforms has improved profit margins and increased share buybacks, which has been fuel for its rising share price.
While many have stated that former President Donald Trump's vice presidential pick in JD Vance was him doubling down to appeal to Rust Belt voters, there might be a different angle as to why Trump selected Vance. That's because, for around five years, Vance was a venture capitalist, meaning his role as vice president could also result in pro-business and low regulation for tech companies.
Get a deeper insight into the potential performance of Meta Platforms (META) for the quarter ended June 2024 by going beyond Wall Street's top -and-bottom-line estimates and examining the estimates for some of its key metrics.
Meta Platforms Inc. META is about to face its first EU antitrust fine. The penalty is due to claims that Meta unfairly combined its Marketplace with Facebook, using its dominant position to push out competitors in the classified ads market.
It wasn't too long ago when Meta Platforms (NASDAQ: META ) stock was trading at just $90 per share in 2022. That marked the lowest level for the stock in more than a decade.
It's been a rough week for the chip maker, after Alphabet's so-so earnings fueled fears that the AI rally could peter out.
Meta Platforms Inc (NASDAQ:META, ETR:FB2A, SWX:FB) is set to receive its first EU antitrust fine for linking its Marketplace service with Facebook, according to Reuters. Sources told the newswire service that the European Commission will impose this penalty as part of an investigation into Meta's practices.
WhatsApp said that as of July, it has 100 million users in the United States. “This milestone has been a long time coming and it proves that WhatsApp is the solution to the cross-platform divide in America,” the company said in a Thursday (July 25) blog post.