Meta Platforms, Inc.

US30303M1027

Internet Services

Market Closed - Nasdaq Other stock markets 04:00:00 2024-12-02 pm EST			5-day change	1st Jan Change
592.83 ^USD	+3.22%		+4.91%	+67.49%

Dec. 02	Microsoft-Backed OpenAI Considers Advertising to Boost Revenue	MT
Dec. 02	Avangrid and Portland General Electric Collaborate with QTS and Meta to Build 120 MWac Solar Project in Oregon	CI

Meta's Spending Will Pay Off, Analyst Thill Says

October 30, 2024 at 06:23 pm EDT

Jefferies Analyst Brent Thill says Meta Platforms Inc.'s capital spending will pay off on "Bloomberg The Close." Meta projected stronger-than-expected holiday quarter sales and touted AI improvements to its core advertising business.

Bloomberg videos, provided by MT Newswires

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.	592.83USD	+3.22%	+4.91%	1,497B
	JEFFERIES FINANCIAL GROUP INC.	78.22USD	-1.16%	-1.59%	16.07B

Latest news about Meta Platforms, Inc.

Microsoft-Backed OpenAI Considers Advertising to Boost Revenue	Dec. 02	MT
Avangrid and Portland General Electric Collaborate with QTS and Meta to Build 120 MWac Solar Project in Oregon	Dec. 02	CI
Trade tensions and tariff tremors	Dec. 02
KGI Securities Adjusts Price Target on Meta Platforms to $725 From $665	Dec. 02	MT
Australia Proposes Fines of up to $33 Million for Tech Firms Over Anti-Competitive Practices	Dec. 02	MT
Tesla leads November's global market value surge	Dec. 02	RE
Australia Passes Law Banning Youth Under 16 From Social Media, Imposing Fines on Tech Companies	Dec. 02	MT
Meta tightens ad rules to curb financial scams aimed at Australians	Dec. 01	RE
Australia PM Albanese says Musk pushing agenda for X in social media ban criticism	Nov. 30	RE
Meta Platforms to Build $10 Billion Subsea Cable Around the World	Nov. 29	MT
Top Midday Stories: Meta to Face Trial in 2025; Citigroup Closer to Banamex Spinoff; EC Closes Fiat, Amazon, Starbucks Tax Rulings Probes	Nov. 29	MT
Meta Platforms Plans $10 Billion Fiber-Optic Subsea Cable, TechCrunch Reports	Nov. 29	MT
Spanish Court Sets October 2025 Trial for Lawsuit Against Meta on Advertising Practices	Nov. 29	MT
Meta Platforms to Face Trial in 2025 in Spain Over Alleged Unfair Competition	Nov. 29	MT
Meta faces trial in October on unfair competition case lodged by Spanish media	Nov. 29	RE
Australia Passes Law Banning Youth Under 16 From Social Media, Imposing Fines on Tech Companies	Nov. 29	MT
Ex-Facebook Exec Criticizes Australia Under-16 Media Ban	Nov. 29	MT
Australian social media ban started with call to act by poilitican's wife	Nov. 29	RE
Big tech says Australia "rushed" social media ban for youths under 16	Nov. 29	RE
Australia social media ban criticized, applauded in Europe	Nov. 28	RE
Australian PM Albanese says social media firms now have a responsibility to protect kids	Nov. 28	RE
Australia passes social media ban for children under 16	Nov. 28	RE
What countries do to regulate children's social media access	Nov. 28	RE
Global markets live: Amazon, Uber Technologies, Coinbase Global, Eni, AstraZeneca...	Nov. 28
Criteo S.A. : Improve your online business	Nov. 28

Chart Meta Platforms, Inc.

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Company Profile

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

72,404

Sector

Internet Services

Calendar

2025-01-28 - Q4 2024 Earnings Release (Projected)

More about the company