Added to YB: 2024-03-07
Pitch date: 2024-03-07
META [bullish]
Meta Platforms, Inc.
+26.67%
current return
Author Info
@TechFundies has been a tech investor for over 20 years and ran a $1b hedge fund for 10 years. Follow on Twitter.
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 and mixed reality headsets, augmented reality, and wearables worldwide.
Market Cap
$1.6T
Pitch Price
$511.16
Price Target
N/A
Dividend
0.33%
EV/EBITDA
16.04
P/E
28.46
EV/Sales
8.61
Sector
Interactive Media and Services
Category
growth
META's AI Innovations Drive Enhanced User Engagement and Revenue Growth
META: AI refines user engagement, Reels watch +8-10%. Tom Alison leads Facebook's shift to AI recommendation, affecting Reels, Marketplace, friend suggestions. With 30% Reels, 2/3 videos on old tech, GenAI boosts interaction, ads biz grows via AdvantagePlus & Click2Message, driving U.S. user growth.
Read full article (3 min)