Texas to ban TikTok on devices used to conduct state business
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Meta Platforms (META), Snap (SNAP) on watch as Texas Gov. Abbott announces plan for statewide TikTok ban
February 6, 2023 12:23 PM ESTMeta Platforms (NASDAQ: META), Snap (NYSE: SNAP) on watch as Texas Gov. Abbott announces plan for statewide TikTok ban.
... MoreMeta Platforms Inc. (META) PT Raised to $200 at FBN Securities
February 6, 2023 9:01 AM ESTFBN Securities analyst Shebly Seyrafi raised the price target on Meta Platforms Inc. (NASDAQ: META) to $200.00 (from $135.00) while maintaining a Outperform rating.... More
Meta Platforms (META) call put ratio 1.7 calls to 1 put as shares rally 2%
February 3, 2023 11:06 AM ESTMeta Platforms (NASDAQ: META) February weekly (10) call option implied volatility is at 50, February is at 48; compared to its 52-week range of 37 to 79. Call put ratio 1.7 calls to 1 put as shares rally 2%.
... MoreAnalysis-From Meta to Microsoft, AI's big moment is here
February 3, 2023 9:11 AM ESTBy Jeffrey Dastin
(Reuters) - Big Tech companies have a new obsession: artificial intelligence.
This week, chief executives across the sector packed earnings calls with mentions of the heavily hyped technology, which until recently existed more in the background than as a solid contributor to the bottom line.
In conference calls after financial results, tech execs uttered the phrases "AI," "generative AI," or "machine learning" from two to six times as often as they did in the previous quarter, according to a review of conference transcripts by Reuters.Â
Executives from Microsoft Corp and Alphabet Inc,... More
Meta downgraded at HSBC following 4Q miss; announces 2023 as 'year of efficiency'
February 3, 2023 8:26 AM ESTHSBC Global Research downgraded Meta Platforms (NASDAQ: META) to a Reduce rating (From Hold), and reiterated a price target of $110.00, following the social media companys 4Q results. Meta reported 4Q EPS of $1.76, missing the consensus estimate of $2.20.
The results showed higher users and growing engagement, but a 4.5% revenue decrease and a large restructuring charge of $4.2bn, only partially offset by lower depreciation. 2022 marks the first year of declining revenue at Meta.
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