Meta Platforms, Inc.

US30303M1027

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-09-16 pm EDT			After market 06:05:14 pm
533.28 ^USD	+1.75%		533.06	-0.04%

Sep. 06	Broadcom's AI Growth Uneven but 'Strong,' Morgan Stanley Says	MT
Sep. 06	Social media platforms leave alleged Russian influence network largely untouched	RE

Communications Services Slide on Growth Fears -- Communications Services Roundup

August 12, 2024 at 05:42 pm EDT

Communications services companies slid amid doubts about the growth prospects for traditional and social media companies.

Walt Disney shares slipped after the entertainment conglomerate unveiled a multibillion dollar investment plan, aimed at reviving growth in its theme-park unit.

Universal Music Group artists will see their songs made available on WhatsApp for the first time, after the record label struck a new licensing deal with Meta Platforms.

Trump Media & Technology shares fell after the parent company of former President Donald Trump's Social Media network posted a $16.4 million quarterly loss.

Write to Rob Curran at rob.curran@dowjones.com

(END) Dow Jones Newswires

08-12-24 1741ET

Stocks mentioned in the article

	Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
	META PLATFORMS, INC.	533.28 USD	+1.75%	+6.60%	1,327B
	WALT DISNEY COMPANY (THE)	91.85 USD	+1.44%	+4.45%	164B

Latest news about Meta Platforms, Inc.

Broadcom's AI Growth Uneven but 'Strong,' Morgan Stanley Says	Sep. 06	MT
Social media platforms leave alleged Russian influence network largely untouched	Sep. 06	RE
Are thematic ETFs useless?	Sep. 06
Cousins Properties Secures Lease Deal for Office Complex in Austin	Sep. 05	MT
Cantor Fitzgerald Initiates Meta Platforms at Overweight With $660 Price Target	Sep. 05	MT
Sector Update: Tech Stocks Mixed Late Afternoon	Sep. 04	MT
Sector Update: Tech	Sep. 04	MT
Federal Judge Denies RFK Jr.'s Motion for Stay Against Meta	Sep. 04	MT
Meta oversight board asks firm not to automatically remove pro-Palestinian phrase	Sep. 04	RE
Meta Platforms Insider Sold Shares Worth $2,548,581, According to a Recent SEC Filing	Sep. 04	MT
Meta Platforms Insider Sold Shares Worth $4,163,642, According to a Recent SEC Filing	Sep. 04	MT
Snap to focus on growing ads business, augmented reality amid poor stock performance	Sep. 03	RE
Wall Street: big hit for 'semi's and oil	Sep. 03	CF
US voters targeted by Chinese influence online, researchers say	Sep. 03	RE
Tech market values fall on AI costs and recession fears; Eli Lilly, Berkshire gain	Sep. 02	RE
US requests trade dispute consultations with Canada over new digital services tax	Aug. 30	RE
Broadcom Poised for Upside to Quarterly Results Led by AI, VMware, Oppenheimer Says	Aug. 30	MT
Meta Platforms Insider Sold Shares Worth $17,101,402, According to a Recent SEC Filing	Aug. 30	MT
META : Jefferies reaffirms its Buy rating	Aug. 30	ZD
Meta says its Llama AI models being used by banks, tech companies	Aug. 29	RE
Rezolve AI, ChatWerk to Support E-Commerce Businesses' Connection With Customers Via Major Chat Platforms	Aug. 29	MT
Rezolve AI Limited Announces Strategic Partnership with ChatWerk to Revolutionize Conversational Commerce on Social Media Platforms	Aug. 29	CI
Nasdaq, S&P futures flat as markets assess Nvidia's results	Aug. 29	RE
Meta Platforms Insider Sold Shares Worth $5,529,788, According to a Recent SEC Filing	Aug. 29	MT
Meta Platforms Insider Sold Shares Worth $8,692,977, According to a Recent SEC Filing	Aug. 29	MT

Meta Platforms, Inc. specializes in online social networking services. Net sales break down by activity as follows: - operation of social networking, messaging, photo and video sharing platforms (98.6%): operation of the Facebook, Instagram, Messenger, Threads and WhatsApp platforms (3.98 billion monthly active users in 2023) ; - sale of virtual and augmented reality products, software and devices (1.4%): virtual reality headsets (Meta Quest), connected screens (Facebook Portal), wearable devices, etc. Net sales break down by source of income into advertising spaces (97.5%) and other (2.2%). Net sales are distributed geographically as follows: the United States and Canada (39.2%), Asia-Pacific (26.8%), Europe (23.1%) and other (10.9%).

Employees

70,799

Sector

Internet Services

Calendar

2024-10-22 - Q3 2024 Earnings Release (Projected)

More about the company