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Added to YB: 2024-01-16

Pitch date: 2024-01-16

META [bullish]

Meta Platforms, Inc.

+77.25%

current return

Author Info

No bio for this author

Company Info

Meta Platforms, Inc. engages in the development of products that enable people to connect and share with friends and family through mobile devices, personal computers, virtual reality (VR) headsets, and AI glasses in the United States, Canada, Europe, Asia-Pacific, and internationally.

Market Cap

$1.6T

Pitch Price

$363.76

Price Target

N/A

Dividend

0.35%

EV/EBITDA

15.41

P/E

27.38

EV/Sales

8.11

Sector

Interactive Media and Services

Category

growth

Show full summary:
Wedgewood Partners holding: Meta Platforms ($META)

$META's AI investments drive success: - Core ad rev +23%, margins rebound - AI powers Reels, 40% boost in Instagram engagement - Supercomputer for in-house AI dev - AI for product recognition, content curation - Reels: $0 to $10B in a few years, beating $TKTK - Chatbots, content creation tools launched - $120B in organic R&D since 2014 - 3.1B DAU, 10M+ SMB advertisers - AI enables immense scale & automation

Read full article (4 min)