Meta Platforms Inc (NASDAQ:META) is under fire for allegedly withholding information from federal regulators during the reviews of its acquisitions of Instagram and WhatsApp, according to a recent court filing by the U.S. Federal Trade Commission (FTC). The FTC is pushing to dismantle the social media conglomerate through an ongoing lawsuit, Bloomberg reported. Meta, previously known as Facebook, led by Mark Zuckerberg, acquired Instagram in 2012 and WhatsApp in 2014. The FTC examined both deals
Over the past year, many Meta Platforms, Inc. ( NASDAQ:META ) insiders sold a significant stake in the company which...
Raymond James maintained its bullish stance on Strong Buy-rated META in a note Wednesday, calling it a Generative AI (GenAI) leader and raising its stock target to $550 from $525 on the stock.