Meta Platforms ( (META) ) has been popular among investors this week. Here is a recap of the key news on this stock.
Meta Platforms is currently facing legal challenges as French soccer star Kylian Mbappe has taken legal action against the company over allegedly defamatory social media posts related to his wage dispute with Paris St Germain. This highlights the ongoing vulnerability of social media companies to legal actions from public figures, emphasizing the need for more stringent content moderation. Additionally, Meta Platforms is investing heavily in artificial intelligence infrastructure to capture growth opportunities in the AI sector, with capital expenditures projected between $60 billion and $65 billion for 2025. The company aims to enhance its suite of applications by integrating AI features, with the Meta AI chatbot already reaching 700 million monthly active users. Despite macroeconomic uncertainties affecting ad spending, analysts remain optimistic about Meta’s growth potential, given its strong position in the social media and AI markets.