This doesn’t just highlight the strength of Meta’s platforms but also underscores the immense power of the network effect that the company has cultivated.įurther, Meta’s focus on growing its Reels product to actively compete with TikTok has proven a fruitful choice and a major catalyst toward its success in user engagement. In its Q1 results, the company celebrated a new milestone in terms of this, counting 2.99 billion monthly active users (MAUs) for Facebook, 2% more than the prior-year period, and family monthly active people (users across all platforms) of 3.81 billion, a 5% increase.ĭespite numerous predictions of Facebook and Instagram’s impending demise due to factors such as user account deletions, the company keeps posting growing metrics by the quarter. Well, somehow, Facebook, Instagram, and WhatsApp are still drawing growing user engagement. Meta may already have over one-third of the global population using its family of apps on a monthly basis. In fact, believe that the stock remains attractively priced against its future earnings growth estimates, despite the recent massive gains. By prioritizing refinements in its core platforms, optimizing profitability, and abandoning past delusions surrounding the Metaverse, its financials should only improve throughout the rest of the year.Ĭonsequently, the sentiment around Meta has completely transformed lately, with Wall Street expecting strong profitability advancements in the short-to-medium term. Clegg argues that AI can help battle misinformation and disinformation too, "whether it's created by a human being or by a machine.Meta Platforms ( NASDAQ:META) stock has rallied by more than 164% from its 52-week low, with its most recent quarterly report boasting remarkable achievements in all areas of the business.ĭespite the stock’s prolonged rally, Meta’s “Year of Efficiency” has only just begun. One of the big concerns about AI is how it can be used to create misinformation or disinformation that could impact an election.
After the meeting concluded, Meta's President of Global Affairs Nick Clegg told Yahoo Finance Live's Seana Smith and Allie Garfinkle that he believes all the tech companies at the meeting want to move AI technology forward quickly, but responsibly, adding that Meta is "absolutely determined to follow-up and honor these commitments." Clegg doesn't share the fears that some have of AI, saying that some of predictions "have slightly run ahead of the technology." Clegg does say concerns about things like deep fakes and the manipulation of audio and video are "legitimate," but that "the technology which generates that unwelcome material is also the technology we will use to actually identify and control it." On regulation, Clegg said it is "definitely" needed, but that companies are not "going to sit around an wait for legislation," noting that's part of the reason why these voluntary commitments are being made. The companies agreed to voluntary safeguards to better manage the risks posed by AI. Representatives from tech giants including Meta (META), Amazon (AMZN), Microsoft (MSFT), and Alphabet (GOOGL) met at the White House to discuss regulating artificial intelligence.
Yahoo Finance Video Meta Exec Nick Clegg talks White House AI meeting, regulation
0 kommentar(er)
