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Meta Platforms:News: Difference between revisions
→December 2022
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== December 2022 == | == December 2022 == | ||
=== SI=-(2-3%), I=9, December 19 === | |||
A social media post by Meta's CTO Andrew Bosworth indicate that the company will continue spending 20% of its total cost and expenses in reality labs in 2023. His post said:<blockquote>"As also reflected in our Q3 results, about 80% of Meta’s overall investments support the core business, with the other 20% going toward Reality Labs. It’s a level of investment we believe makes sense for a company committed to staying at the leading edge of one of the most competitive and innovative industries on earth."</blockquote>His post was dedicated at showcasing the benefits of AR and VR devices. | |||
https://tech.facebook.com/reality-labs/2022/12/boz-look-back-2023-look-ahead/ | |||
=== SI=-(1-2%), I=8, December 19 === | |||
EU warns Meta of breaching antitrust rules by distorting competition in the online classified ads business. | |||
EU is concerned that Meta ties its online classified ad business, Facebook Marketplace, to Facebook and imposes unfair trading conditions on rivals “for its own benefit.” | |||
Companies that breach EU antitrust rules can be hit with fines worth up to 10% of their annual global revenue. | |||
https://ca.movies.yahoo.com/eu-accuses-meta-antitrust-breaches-110324437.html | |||
=== SI=1-2%, I=8, December 16 === | |||
Jp Morgan analyst Doug Anmuth has increased price target of Meta stock to $150 from $115 and raised rating from neutral to overweight. His upgrade is based on:<blockquote>(1) Better cost controls by management on both total expenses and capital expenditures. | |||
(2) Lessening sales impact from Apple iOS privacy changes. | |||
( 3) The company stands to compete more effectively against surging rival TikTok. | |||
(4) Reels monetization may gain steam and become "at least" neutral to sales in later 2023. | |||
(5) Valuation on the stock is "compelling" after the steep 2022 drop. | |||
https://finance.yahoo.com/news/5-reasons-why-meta-stock-just-caught-a-rare-upgrade-111438556.html</blockquote> | |||
=== SI=0%, I=9, December 15 === | === SI=0%, I=9, December 15 === | ||