Meta Platforms ( (META) ) has been popular among investors this week. Here is a recap of the key news on this stock.
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Meta Platforms has recently faced backlash over its new Instagram Map feature, which allows users to share their last active location. Despite assurances from Instagram head Adam Mosseri that location sharing requires explicit consent, users have expressed concerns about privacy and safety, particularly for those at risk of stalking or abuse. In response, Meta has emphasized that the feature is off by default and only visible to selected individuals. Meanwhile, Meta continues to expand its AI capabilities by acquiring WaveForms AI, a startup specializing in emotion recognition through voice. This move aligns with Meta’s strategy to lead in AI, following setbacks with its Llama 4 language model. The acquisition is part of a broader effort to bolster Meta’s AI division, Superintelligence Labs, and enhance its AI infrastructure.
On the financial front, Meta Platforms is benefiting from favorable tax legislation, which has significantly reduced its effective tax rate, allowing for increased investment in AI and the metaverse. The company has committed substantial resources to AI development, including hiring top talent and acquiring startups like PlayAI. These investments are part of Meta’s strategy to maintain a competitive edge in the AI arms race. Wall Street analysts remain optimistic about Meta’s stock, with a strong buy consensus and an average price target suggesting potential upside. Meta’s robust advertising revenue and strategic investments in AI and infrastructure position it well for future growth, despite ongoing challenges in data privacy and content moderation.