The Facebook and Instagram parent has been in the process of shoring up two key areas of interest for investors — its AI efforts, and its position in the digital advertising market, which has been in a prolonged slump and is just showing signs of a rebound.
Meta shares have risen about 140% year to date, massively outperforming both the S&P 500 and the Nasdaq Internet Index, which are up around 9% and 34% this year, respectively. "We had a good quarter for our community and business," Meta CEO Mark Zuckerberg said in a statement. "I'm proud of the work our teams have done to advance AI and mixed reality with the launch of Quest 3, Ray-Ban Meta smart glasses, and our AI studio."Meta Platforms faces lawsuits from 42 U.S. attorney generals over the addictive nature of Facebook and Instagram for teen users.
A biotech firm founded by Vivek Ramaswamy turned $15 million into $5 billion by flipping a bowel-disease treatment that Pfizer gave it for free
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Meta earnings preview: Will the good times keep rolling?Meta will report its third quarter earnings on Wednesday after the bell.
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