Meta Platforms, Inc. (META)
| Previous close | 524.12 |
| Open | 524.54 |
| Bid | 525.38 x 100 |
| Ask | 525.86 x 100 |
| Day's range | 517.40 - 526.00 |
| 52-week range | 279.40 - 544.23 |
| Volume | |
| Avg. volume | 13,957,332 |
| Market cap | 1.329T |
| Beta (5Y monthly) | 1.21 |
| PE ratio (TTM) | 26.85 |
| EPS (TTM) | 19.57 |
| Earnings date | 23 Oct 2024 - 28 Oct 2024 |
| Forward dividend & yield | 2.00 (0.38%) |
| Ex-dividend date | 16 Sept 2024 |
| 1y target est | 566.94 |
- Yahoo Finance Video
What a TikTok ban could mean for Meta, Snap, and advertisers
TikTok is in court on Monday for a key hearing in its ongoing battle to block a US law that could ban the app. Seana Smith and Madison Mills examine how a ban could play out with Roth Capital Partners managing director Rohit Kulkarni's perspective on competitors like Meta (META) and Snap (SNAP), while Rachel Tipograph, the CEO of e-commerce analytics company, MikMak, shares insights about the advertising side. Kulkarni tells Yahoo Finance that the odds of a TikTok disruption, either through a ban or a sale, are rising. Looking at Snapchat and Meta stock, the analyst says “There is an implied probability there that TikTok disruption is more likely than not in the next four months, and I feel that could manifest into either a complete sale, complete ban, or somewhere in between.” He says this means “eyeballs and money move away from TikTok” which helps Meta and Snapchat. Tipograph says that MikMak data instead suggests that advertisers are still spending on the platform despite the looming possibility of a ban. "TikTok has become a household name in advertising and brands,” and advertisers “don't seem to be scared about a ban at all” as “they continue to invest,” Tipograph tells the Catalysts team. Watch the video above to hear what businesses Tipograph says would be most impacted by a TikTok ban. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Naomi Buchanan.
Insider MonkeyAnalyst Highlights New AI Growth Catalysts for Meta Platforms Inc (NASDAQ:META)
We recently published a list of Top 10 AI Stocks to Watch After Latest Earnings and Analyst Ratings. Since Meta Platforms Inc (NASDAQ:META) ranks 1st on the list, it deserves a deeper look. Tom Lee, Fundstrat Global Advisors co-founder, said while talking to CNBC in a latest program that the next few weeks until the US election […]
Associated Press FinanceA secretive group recruited far-right candidates in key US House races. It could help Democrats
Joe Wiederien was an unlikely candidate to challenge a Republican congressman in one of the nation’s most competitive House districts. A fervent supporter of former President Donald Trump, Wiederien was registered as a Republican until months earlier. Several other unorthodox candidates have emerged across the country—all backed by the same shadowy group, the Patriots Run Project.
