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Meta and Spotify Criticize EU’s AI Decisions Stock up 3.53%On Thursday, Meta (NASDAQ: NASDAQ:META ), along with Spotify and several other tech companies, voiced strong criticisms against the European Union’s approach to data privacy and artificial intelligence (AI) regulation. In an open letter, these firms, along with researchers and industry bodies, claimed that the EU's decision-making has become "fragmented and inconsistent," warning that Europe risks falling behind in the global AI race. The Regulatory Clash: Meta and GDPR Tensions Meta (NASDAQ: NASDAQ:META ), which owns Facebook, Instagram, and WhatsApp, has been at the center of data privacy controversies in Europe, especially under the General Data Protection Regulation (GDPR). Recently, Meta (NASDAQ: NASDAQ:META ) halted its plans to collect data from European users to train its AI models due to pressure from privacy regulators. This followed a record-breaking fine of over one billion euros for breaching privacy rules. The company, along with other tech giants, has delayed the release of AI products in the European market, seeking clarity on legal and regulatory frameworks. For instance, Meta delayed the launch of its Twitter alternative, Threads, in the EU, while Google has also held back on AI tool rollouts in the region. The open letter signed by Meta, Spotify, and others calls for "harmonized, consistent, quick, and clear decisions" from data privacy regulators to enable European data to be used in AI training. The companies argue that without a coherent regulatory framework, the EU could lose its competitive edge in the global AI landscape, falling behind regions like the U.S. and China, which have been advancing rapidly in the field. Meta’s AI Ambitions and Strategic Moves Meta’s criticisms of the EU regulations come at a time when the company is heavily investing in AI technologies to enhance its social media platforms and introduce new products. AI is at the heart of Meta’s push toward the metaverse and other cutting-edge innovations. The company’s reluctance to release certain AI products in Europe is a direct result of the regulatory uncertainty, which hampers its ability to fully capitalize on its technological advancements. With the EU’s AI Act coming into force this year, it aims to curb potential abuses in AI usage, but this stringent regulation may slow down innovation and delay product launches in the region. Meta and other tech giants believe that clearer rules will help unlock the potential of AI while protecting user privacy. Technical Outlook: A Bullish Meta Stock Poised for Continued Growth From a technical perspective, Meta’s stock ( NASDAQ:META ) has been on a stellar upward trend since November 2022, and it doesn't show signs of slowing down. As of the time of writing, the stock is up 3.66% and has entered overbought territory with an RSI (Relative Strength Index) of 70.54. This indicates that the stock may be poised for a temporary cool-off. The stock's rise has been bolstered by broader market optimism, including the recent decision by the Federal Reserve to cut interest rates. This move is expected to benefit the tech sector, with Meta standing to gain significantly. With lower borrowing costs, tech companies like Meta (NASDAQ: NASDAQ:META ) can continue their aggressive expansion into AI and metaverse-related technologies. Meta’s stock (NASDAQ: NASDAQ:META ) also exhibits a gap-up pattern that hasn’t been filled, suggesting a potential correction or consolidation period. Additionally, the stock has been consolidating since February 2024, indicating a potential bullish continuation pattern. However, with the RSI in overbought territory, investors should watch for a short-term pullback to cool off the stock before resuming its upward trajectory. Meta’s AI Potential Amid Regulatory Uncertainty Meta (NASDAQ: NASDAQ:META ) is navigating a complex regulatory environment in the EU while continuing to make strides in AI and technological innovation. Despite the challenges posed by GDPR and the AI Act, Meta remains well-positioned for long-term growth, with its stock reflecting strong momentum. However, short-term volatility due to regulatory decisions and technical factors may present buying opportunities for investors. As Meta (NASDAQ: NASDAQ:META ) continues to push the envelope in AI and the metaverse, the company’s future success will largely depend on its ability to navigate these regulatory waters while maintaining its innovation edge.
NASDAQ:METALong
by DEXWireNews
facebook - META Idea I 12M: Bullish Engulfing → Grey zone 453 – 509 → 537, 553, 465 above , 390 below 3M: Could not break above high of prev. candle. But closes bullish → range of last quarter becomes important → grey area provides a possible reversal/ continuation zone. → Stochastic is turning down Monthly: closing in bearish territory → bullish → could not close above highs → stochastic turning up = bullish setup above 509, bearish below 3D: Possible Double Top forming → could be an early sign of bears once validated. Bulls should show up soon → likelyhood of bullish progression is higher because of stochastic turning up
NASDAQ:META
by MeruEU
6
META Platforms Options Ahead of EarningsIf you haven`t sold META when ARK did that: nor bought the META before the previous earnings: Then analyzing the options chain and the chart patterns of META Platforms prior to the earnings report this week, I would consider purchasing the 480usd strike price Calls with an expiration date of 2024-5-3, for a premium of approximately $24.80. If these options prove to be profitable prior to the earnings release, I would sell at least half of them.
NASDAQ:METALong
by TopgOptions
Facebook, Instagram & Threads Back Online After OutageMeta Platforms. (NASDAQ: NASDAQ:META ), the parent company of popular social media platforms like Facebook and Instagram, faced a brief outage on Tuesday morning, disrupting services for users worldwide. Despite the outage lasting approximately two hours, Meta swiftly restored access to its platforms, alleviating concerns among users and investors alike. Key Outage Details: The outage primarily impacted Facebook and Threads, with users reporting difficulties accessing the platforms as early as 10 a.m. ET. Instagram users also faced issues, including feed refreshing problems. However, Meta spokesperson Andy Stone reassured users, stating that the technical issue was promptly resolved, attributing it to a temporary glitch. Impact on Presidential Primaries and Social Media Campaigns: The timing of the outage coincided with Super Tuesday presidential primaries in the U.S., raising concerns for political campaigns reliant on social media platforms for voter engagement. The disruption underscored the critical role platforms like Facebook and Instagram play in modern political communication strategies. Market Reaction and Tech Disruptions: The outage prompted a flurry of activity on social media, with hashtags like "#instagramdown" and "#facebookoutage" trending on X. Meta's stock saw a slight dip, reflecting investor sentiment amidst the temporary service disruption. Additionally, Meta acknowledged "major disruptions" across its business products, including Meta Admin Center and Facebook Login. Broader Tech Landscape: Google's YouTube also experienced technical difficulties on the same day, further highlighting the interconnected nature of tech platforms. While Meta's outage was swiftly resolved, disruptions in other services like Gmail raised questions about potential underlying infrastructure issues in the tech ecosystem. Conclusion: Despite occasional setbacks like the recent outage, Meta ( NASDAQ:META ) continues to be a dominant force in the social media landscape. As users and investors navigate occasional disruptions, Meta's ability to swiftly address technical challenges reaffirms its commitment to ensuring seamless user experiences.
NASDAQ:META
by DEXWireNews
Meta Faces Legal Hurdles in Brazil Over Name DisputeMeta Platforms ( NASDAQ:META ), the parent company of Facebook, Instagram, and WhatsApp, has been ordered by a Sao Paulo court to cease using its name in Brazil within 30 days. This decision comes after a local computer services provider, Meta Servicos, filed a lawsuit claiming damages due to confusion between the two entities. The lawsuit, filed by Meta Servicos, alleges that since Meta's name change in 2021, it has suffered significant harm, including being wrongly implicated in over 100 lawsuits and having Instagram profiles disabled for alleged impersonation. Meta Servicos, based in Barueri, Brazil, registered its brand with Brazil's National Institute for Intellectual Property in the late 2000s, establishing prior rights to the name. Meta's failure to comply with the court's decision could result in significant financial penalties, with the appeals court in Sao Paulo ruling that Meta ( NASDAQ:META ) must pay 100,000 reais ($20,201) per day for non-compliance. This legal dispute highlights the importance of brand protection and the potential consequences of overlooking intellectual property rights. Meta's rebranding efforts, which aimed to focus on the development of the "metaverse," a virtual environment seen as the future of the internet, now face significant challenges in Brazil. While Meta ( NASDAQ:META ) has not yet responded to the court's decision, the implications of this ruling extend beyond the immediate name change. It underscores the complexities of navigating international legal systems and the need for multinational corporations to conduct thorough due diligence when rebranding or expanding into new markets. Furthermore, this case serves as a cautionary tale for companies operating in the digital age, where the boundaries between virtual and physical assets are increasingly blurred. As the metaverse gains traction as a new frontier for innovation and commerce, ensuring clear and distinct branding becomes even more critical to avoid confusion and potential legal entanglements.
NASDAQ:META
by DEXWireNews
META EARNINGS - "Cant Cuck the ZUCK"Been advocating for the Zuck since November of last year, at around $100, the entire world was laughing at meta. The laughing has since ceased. Here are some quick targets I expect to hit now that we have broken this double top, Earnings Thursday. 2/1 I am not going to do too much talking as everyone knows what Facebook is about, substantial holdings across the board. Poised for success in a future where everyone is tied to their electronics. Zuck controls the future narrative, Whatsapp, Instagram, Facebook, reality labs, JIO platforms, Portal, CTRL Labs, Mapillary. You might not like the Zuck, but you must admit. "you cant cuck the zuck" Support levels in purple. First Resistance on earnings: $408.49 Target 2: $422.84 Midterm Target 1: $438.78
NASDAQ:METALong
by Helios_Capital_Investment
1
$META: bull market continues...Nice weekly trend in $META here...As Zuck's leadership continues to impress shareholders finally addressing the excess fat that needed to be shed, the company is well positioned to monetize the growth in Emerging Markets (India, with reshoring, Mexico...) that are heavy users of Whatsapp and would be a boost to revenues from monetization over time, while the Reality Labs call option gives it unknown but potentially huge upside long term. I liked the valuation at the bottom and I like the way things are shaping up on the way up, let's see how it goes. Best of luck! Cheers, Ivan Labrie.
NASDAQ:METALong
by IvanLabrie
Navigating the Surging Tide and Unleashing Growth Potential Industry Meta Platforms, the parent company of Facebook, has been making waves, with its stock surging an impressive 194% last year. I. Unleashing Revenue Potential: Meta's fiscal year 2024 consensus revenue growth of 13% appears conservative. There are several factors that could drive Meta's revenue beyond expectations, including product improvements, increased engagement through AI content distribution, and a rising demand from Chinese advertisers. The firm's optimistic target implies a 31% upside from Meta's recent closing price, making it one of the most bullish estimates on Wall Street. II. Operational Efficiency and Cost-Cutting: Meta's surge in the previous year was not solely fueled by market dynamics but also by strategic decisions to enhance operational efficiency. CEO Mark Zuckerberg dubbed it the "Year of Efficiency," and the results are reflected in the company's estimated operating expenses for 2024, ranging from $94 to $99 billion, compared to the $88 billion estimated for 2023. III. The WhatsApp Advantage: The use of WhatsApp and artificial intelligence as a game-changer for Meta. With more than 2 billion users, WhatsApp represents a significant potential catalyst for the company. Automating customer service through AI on WhatsApp could incrementally increase Meta's revenue base by a third over time. IV. Technical Outlook: From a technical standpoint, Meta Platforms has broken through the ceiling of its rising trend channel, signaling a potentially stronger rising rate. While short-term corrections are possible, Conclusion: In summary, Meta Platforms appears to be on the cusp of a transformative period, with buyers bullish on the stock. The combination of revenue-driving factors, operational efficiency measures, and the untapped potential of WhatsApp positions NASDAQ:META for a compelling future. Investors should keep a close eye on Meta Platforms as it navigates the tech landscape, potentially unlocking value beyond current market expectations.
NASDAQ:METALong
by DEXWireNews
Meta Stocks on the Rise! A Golden Opportunity for Traders! As many of you may have already noticed, there has been a significant surge in Meta stock prices as Wall Street continues to invest more in this promising asset. In fact, Meta's stock price is approaching the impressive $340 mark, proving its momentum and potential for substantial growth. Considering the present market conditions and the analysis of seasoned experts, it seems like there has never been a better time to long Meta stocks. The impressive rise and consistent bullish trend indicate that Meta stocks are poised for substantial gains in the foreseeable future. By investing in Meta stocks now, you are positioning yourself to benefit from the tremendous growth opportunities that lie ahead. With Wall Street's increasing confidence in Meta stocks, it's crucial to seize this golden opportunity before it passes by. I invite each one of you to carefully consider adding Meta stocks to your portfolio and capitalize on the remarkable financial prospects it offers. Remember, fortune favors the bold and those who dare to seize incredible opportunities. Join the ranks of smart traders who have already recognized Meta stocks' value and growth potential. In conclusion, Meta stocks have proven to be a powerful force in the financial market, with Wall Street's increasing investment further attesting to its potential. Don't miss out on this lucrative chance to grow your portfolio and achieve financial success. Should you have any questions, or require further data regarding Meta stocks, please do not hesitate to comment below.
MLong
by bryandowningqln
1
Want to Buy Meta Platforms Stock? Be Prepared for a Bumpy RideMeta Platforms generated good revenue growth last quarter, but its earnings are still down through through the first half of 2023. Meta Platforms (META -1.33%) has benefited from increased ad activity on its platform. The company has been delivering some improved growth numbers of late, and investors have become bullish on the tech stock this year. Shares of the company are up almost 160% year to date. But before you think about jumping on this bandwagon, you should prepare yourself for some volatility in the future. The metaverse will be a drag on earnings for years The big problem with Meta always leads back to the metaverse and its Reality Labs business. It doesn't generate much money, and it may never be a significant part of the company's operations. So far this year, the company's Family of Apps segment, which includes popular social media apps Facebook, Instagram, and WhatsApp, has generated over $60 billion in revenue. Reality Labs, by comparison, has brought in $616 million. That might seem reasonable for a new business, but consider that it has also incurred $7.7 billion of losses in the same period. Meanwhile, the Family of Apps business, which posted $24.4 billion in profit, has allowed Meta Platforms to remain in the black. But on a year-over-year basis, overall operating income of $16.6 billion is down 2%. And this is with the company's core business doing well. Should its core operations struggle, the bottom line could seriously falter. And investors shouldn't forget the company continually warns that operating losses from Reality Labs will "increase meaningfully year-over-year due to our ongoing product development efforts." Meta Platforms could make for a volatile investment If not for Reality Labs, Meta's business would be promising. But as long as that's going to be a key part of its growth strategy, investors should brace for volatility. Meta's growth rate jumped last quarter, but it still faces significant competition like TikTok. And if its Family of Apps business can't generate earnings growth at a faster rate than Reality Labs is incurring losses, the sell-off the stock saw in 2022 could return. Meta is a risky stock to be holding with its valuation at these levels. and it will require the company's Family of Apps business to be firing on all cylinders for it to continue to draw in growth investors. A big test will come later this month when the company reports its latest round of earnings
NASDAQ:META
by DEXWireNews
2
Exciting Times Ahead! Time to Go Long on Meta!First things first, have you noticed the recent absence of news surrounding Meta and Mark Zuckerberg? Well, let me tell you, my friend, it's actually a fantastic sign for the stock! Sometimes, no news is indeed good news, especially when it comes to a company as innovative and influential as Meta. Here's why the silence is golden: Meta, under the visionary leadership of Mark Zuckerberg, has been relentlessly pushing boundaries and revolutionizing the way we interact with technology. With their groundbreaking advancements in augmented and virtual reality, as well as their strong foothold in social media, Meta is perfectly positioned for exponential growth. When there's a lack of news, it often signifies that the company is diligently working behind the scenes, cooking up something truly remarkable. They might be busy refining their products, developing new features, or even exploring potential partnerships that could skyrocket their stock value in the near future. So, my friend, this is the perfect time to seize the opportunity and go long on Meta! By investing in Meta stock now, you position yourself to reap the benefits of their future success. As the world becomes increasingly interconnected and reliant on immersive digital experiences, Meta's offerings are poised to become even more integral to our daily lives. Imagine a world where virtual reality becomes the norm, where we can connect with loved ones, explore new places, and engage in virtual commerce seamlessly. Meta is at the forefront of making this vision a reality, and you have the chance to be part of this groundbreaking journey. So, what's the call-to-action, you ask? It's time to take action and consider adding Meta to your portfolio! Conduct thorough research, analyze the market trends, and evaluate your risk appetite. Once you feel confident in your decision, seize the moment and make your move. Remember, fortune favors the bold! As always, I encourage you to consult with your financial advisor or do your own due diligence before making any investment decisions. The stock market can be unpredictable, but with Meta's track record and the potential for future growth, we have a compelling opportunity on our hands. Let's embrace the excitement and optimism that comes with investing in a company that is shaping the future of technology. Together, we can ride the Meta wave and enjoy the fruits of our foresight! Wishing you happy trading and a prosperous journey ahead!
NASDAQ:METALong
by bryandowningqln
Meta is here to stayI will top up on Meta, great numbers and a lot of FUD in the market. It's oversold at a PE ratio of just 12. It may still be getting cheaper for as long as FED can raise interest rates. All of the arguments against meta are inexperienced people looking at Meta stock price while looking at their new metaverse project information. If they bothered to look at other companies, they would've seen that everything is going down. It's not because their value is dropping, it's because FED is making debt more expensive. I am a marketing manager and I can guarantee that Meta is not going anywhere soon. The strongest argument for Meta stagnation is the lack of new clients because they've reached over 3B people. This is a terrible argument because inflation works the same in the Meta market and in the real world. Ads will cost more. Other services they provide will also cost more. I have noticed SIGNIFICANT improvements in Meta algorithms. They are much better at suggesting relevant content, and marketing on Instagram is making radical turns. Also, don't forget that Meta owns Facebook, Instagram and also WhatsApp. WhatsApp gives them a significant vector for monetization. TikTok is NOT a Meta competitior. They are not even close. It's a Chinese manipulation and propaganda machine.
NASDAQ:METALong
by josip
9
Continue to buy METAContinue to buy META as TikTok is likely to be banned from the Apple store! meaning new apple device will no longer have access to the app, nor will there be any updates. In Addition, there are rumors, retailers have banned together to bypass Apple's tracking restriction by creating a customer influencer database tracking centered around META technology! this technology no longer relies on cookies but on AI on places you have visited and likely to visit.
NASDAQ:METALong
by Macro-Traders-Strategies
11
Meta - Meta Platform joins the party! Yesterday, the price of Meta platform stock crashed nearly 20% after the close when the company reported its earnings for the third quarter of 2022. With its abysmal report, Meta joined the party of underperforming companies in the current earning season. Revenue was down 4% from a year earlier, while costs and expenses rose 19%. Revenue = 27.71 billion USD (-4% YoY) Costs and expenses = 22.05 billion USD (+19% YoY) Revenue from the family of apps, including Facebook, Instagram, Messenger, Whatsapp, etc., decreased approximately 3.6%, while revenue from the reality labs fell by about 49%. That is no surprise to us since we warned about the earning season for the third quarter being weak. Indeed, we stated that downgrades in outlooks and misses in estimates would reinforce our thesis about the market progressing into the second phase of the bear market. With that being said, we believe Meta platforms Inc. still has a long way to go before reversing its primary trend to the upside. Illustration 1.01 Illustration 1.01 shows the daily chart of the Meta Platforms stock. The red arrow shows the price drop after the company published its earnings for the 3rd quarter of 2022. Technical analysis - daily time frame RSI, MACD, Stochastic, DM+, and DM- are bearish. Overall, the daily time frame is bearish. Illustration 1.02 The image above shows the resemblance between the current and previous earning seasons. Technical analysis - weekly time frame RSI, MACD, Stochastic, DM+, and DM- are all bearish. Overall, the weekly time frame is bearish. Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not be a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
Editors' picks
NASDAQ:METAShort
by Tradersweekly
42
FB (Meta) - Outlook ✅Let's see how FB (Meta) is behaving. This is a 1D chart. (Long Term) Fib retracement levels show that the price has consolidated for a long while in the blue area -$271- (as shown on the chart) and has turned that area into a strong resistance area. This alone can confirm that Facebook needs massive buy volumes to pass that area. For now, any price below that level is possible for consolidations. Red area: Our solid resistance level, which requires strong buy volumes for passing Orange area: Local resistance area; Bouncing back from our local support can help us pass this area. Green area: For now, this support area can hold the price up. It hasn't been tested yet, but bouncing back from this level can confirm a bullish market for Meta. Dark Green area: Let's say the market is bearish; we can count on this area for solid support in case of more dumps. Support levels: $114 - $189 Resistance Area: $228 - $271 Bollinger Bands can work as support and resistance too. Here is an example: The market is showing SELL volumes for FB. Two resistance levels push down on value, and one support level holds the price high and shows strength. The higher band can work as resistance. The Middle Bollinger Band can push down the value, and the Lower band pushes the price up. If the price crosses the local resistance and stays above it for confirmation, we can open our long positions, aim for the next resistance, and use it as a TP point. The RSI shows that FB is below the 50 levels, the center. If you want to know how the RSI indicator works, take a look at this Educational Idea. It'll help you have better readings: Current Market Price: $200.06 Let me know your ideas. Good luck.
NASDAQ:META
by ShawnMCR
2